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Microfinance Scheme Booklet release ceremony held (with photos)

The following is issued on behalf of the Hong Kong Monetary Authority:

     The Hong Kong Mortgage Corporation Limited (HKMC) today (May 19) held a ceremony to announce the release of a new booklet, namely "Tips for Start-up Companies", published under its Microfinance Scheme. The ceremony, officiated by the Chairman and Executive Director of the HKMC and Financial Secretary, Mr John C Tsang, had around 80 attendees comprising article contributors, the Scheme's borrowers and mentors, representatives from the Scheme's participating banks and non-governmental organisations (NGOs), representatives of other partnering organisations and members of the media.

     Since most of the Scheme's borrowers are business starters, the booklet aims to provide insights to business starters on how to successfully run a business. Article contributors include well-known entrepreneurs, industry leaders and professionals, participating banks and NGOs, and the Scheme's borrowers and mentors. Starting from May 20, 2014, free copies of the booklet will be available to the general public at the Scheme's participating banks and NGOs while stocks last (distribution channels are listed in Annex A).  
     Speaking at the ceremony, Mr Tsang welcomed the release of the booklet. He said, "I hope the booklet can provide useful insights to business starters. I am pleased to see that over 100 entrepreneurs had started their own business with the assistance of the Scheme, which was introduced in June 2012. Successful applicants cover a wide variety of industries including service, retail, wholesale, information technology, environmental protection, logistics and manufacturing. The age group and the backgrounds of the borrowers are also very diverse."

     To strengthen the social capital in Hong Kong, the HKMC launched the Scheme in collaboration with six banks and five NGOs in June 2012. The Scheme offers three types of loans, namely Micro Business Start-up Loan, Self-employment Loan and Self-enhancement Loan (see Annex B). The Scheme had approved 123 cases as of end-April 2014, with a total loan amount of HK$32.2 million.  

     For enquiries about the Scheme, please call the hotline:  2536 0707.

Ends/Monday, May 19, 2014
Issued at HKT 19:00


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