Dara Calleary (Mayo, Fianna Fail) | Oireachtas source

In fairness to those involved in microfinance, they are getting their act together in terms of PR, but the pricing of the credit guarantee and microfinancing schemes is totally out of sync with other loan products, and 8% is being charged at a time when ECB rates are low and there is talk of them going into negative rates. The timelines and the products do not fit much of the market. When will changes be made? Must we wait another three months for changes which most people agree ought to be made? This would mean people losing out on the opportunities provided by the schemes.