4 Amendments of Syed KAMALL related to 2008/2122(INI)
Amendment 7 #
Motion for a resolution
Recital F
Recital F
F. whereas the business of microcredit has innovative and subjective elements, such as alternative or nodifferent collateral requirements and non-traditional credit worthiness evaluation, and is often granted not only for profit-making, but serves also a cohesion purpose, by trying to (re-) integrate disadvantaged people into societyfor both profit and non-profit-making reasons,
Amendment 15 #
Motion for a resolution
Recital I
Recital I
I. whereas the current financial crisis demonstrates the disadvantages of government intervention in lending to credit-challenged individuals and the lack of transparency of some complex financial products and, at the same time, underlines the importance of institutions that focus their business on local development,
Amendment 20 #
Motion for a resolution
Recital N
Recital N
N. whereas although private involvement should be assuredthe involvement of non-state providers should be encouraged due to their extent possible, publicisting expertise, state intervention in the microcredit business is necessaryshould not seek to crowd out non-state players,
Amendment 42 #
Motion for a resolution
Recommendation 5 – point a
Recommendation 5 – point a
(a) The Commission should, while reviewing the de minimis rules, provide for: (i) the differentiation of the de minimis limits between Member States when it comes to financial support for microcredit providers; (ii) the abolition of the discrimination of de minimis aid granted to an undertaking in the agricultural sector if the aid is granted in connection with microcredit; and (iii) a reduction of the administrative burden if the aid is granted in connection with microcredit: (i) heed the lessons from the sub-prime crisis which was caused by encouraging lending to communities that were not deemed credit worthy; (ii) encourage both non-state and state lenders to offer microcredit to entrepreneurs but who nonetheless are unable to attract credit; (iii) discourage state aid where this reduces market transparency and competition and where accountability for loans is not obvious and could lead to artificial, high-risk loans.