Personal Micro Credit Scheme to be Introduced Across the Country
A pilot scheme designed to keep people out of the hands of money lenders is set to go nationwide.
The Personal Micro Credit Scheme allows people on social welfare to take out small loans from their Credit Union.
The loans of up to €500 can be used for things like Christmas or back-to-school expenses.
The scheme had a 95 percent satisfaction rating among customers.
Brendan Whelan of the Social Finance Foundation explains why:
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