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Community development firms that issue loans will gain more access to the Enterprise Finance Guarantee (EFG) scheme, the Government has confirmed, as part of a series of measures to encourage micro finance.
Business minister Mark Prisk said more community development finance institutions should access a “little-used” element of the scheme, which exempts community lenders from the usual 2pc point premium charged by the Government for its guarantee.
Read more here
http://www.telegraph.co.uk/finance/yourbusiness/8199837/Micro-finance-boost-as-access-increased-for-enterprise-loans.html
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