So now we're Bangladesh? Women's Micro-Finance comes to the ACT

wasn’t it the NINJA loans (no income, no job) that got us into this global financial pickle to start with? More credit sure does sound like a good idea then…

housebound said :

This IS government, don’t forgt. You couldn’t do it without a 20 page application form.

Good. The last thing we need is a bunch of nufty’s flogging three grand a pop to every witch redneck and nut bag that comes a running.

This IS government, don’t forgt. You couldn’t do it without a 20 page application form.

I’d say you would need statistics showing that transgender and overly sensitive male populations of Canberra are underrepresented in business and finance, and then a specific loans program may be set up for those target groups.

Before we do start poo pooing this idea, I think it might be prudent to wait and see what partnerships are formed with community organisations and a few other details.

To me it sounds like a grants style program being administered and reported to/from by a bunch of community organisatiosn alot lcoser to the coal face than the Govt. In the absence of no detailson merit, i would say to let this pilot program run, and see what comes from it.

There may finally be variety in the handicrafts available at the Bus Depot markets for once.

So do transgender applicants have a chance? And what about men with an overly sensitive side to their personality?

hax said :

More discrimination..

How so?

Good on Katy for immediately providing evidence that we do, in fact, require the power of veto over the Legislative Assembly vested in the federal Government.

I’ve long admired the Grameen Bank, and once enjoyed listening to its founder speak, but this policy is way off track.

Any programme needs to be tailored to its audience. In the ACT, the programme shouldn’t be based on sex – the Treasurer being a woman is hardly evidence of women being disadvantaged in the money/economics side of things (unless she’s trying to hint at something, but I’m personally sure it’s nothing to do with her sex).

More discrimination..

“The idea of offering small loans to individuals or very small business enterprises to assist in the creation or expansion of micro-enterprises originated in India in 1976 through the Grameen Bank,” Ms Gallagher said.

Good to see Katy’s advisors have done their research on Grameen Bank properly. Last time I looked, Chittagong was in Bangladesh which is not part of India.

I wonder what the eligibility and assessment criteria are.

Clearly the economic environment is perfect to be starting your own micro-business right now.

If you can’t get a credit card, even in this environment, you should NOT be borrowing money anyway.

How does lending people money reduce their social security dependency anyway? I suspect your average dole recipient isn’t so worried about how competitive their margin loan rate is anyway…