Lobby Your MP to sign the Early Day Motion on Microfinance..

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If you are a UK resident, just a quick request that you ask your MP to support microfinance by signing the Early Day Motion on Microfinance before the summer recess begins on 21st July.

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Lobby Your MP to sign the Early Day Motion on Microfinance
12.07.2005

Early Day Motions explained:

An Early Day Motion (EDM), is a motion put down by MPs calling for a debate on a particular subject. In practice, their purpose is to enable MPs to draw attention to an issue and to canvass support for their views by inviting other members to add their signatures in support of the motion.

Content of the EDM on Microfinance:

MICROFINANCE, ACCESS TO FINANCIAL SERVICES AND THE G8

See here to read the motion on Microfinance.
http://www.publications.parliament.uk/pa/cm/cmedm/50621e01.htm

The Microfinance EDM is number 315.

Why this EDM is Important

In an average session, only six or seven EDMs reach 200 signatures (N.B. there are 646 MPs) The more signatures an EDM receives, the more likely it will be debated on the floor of the House. Currently, the EDM on microfinance now has 65 signatories (MPs) and once it reaches over 100 it will be taken much more seriously. The more MPs that sign the EDM, the better chance they will have on challenging Ministers on the subject. It will place increased pressure on the government to utilise microfinance in programmes of international finance institutions.

How To Help:

If you do not know who your MP is, go to Constituency Locata. Type in your postcode and this will tell you who to contact.
http://www.locata.co.uk/commons/

After finding the name of your MP on the list, e-mail them directly from the site (N.B. be sure to include your full address as it is vital that the MP knows you live in their constituency) For added effectiveness, please write a short letter or note to the MP at:

Xxxxx xxx MP, House of Commons, London, SW1A 0AA.

Tell them your reasons for supporting Microfinance as a tool to meet the MDGs, and tackling hunger and poverty. Whether your MP is female or male, it would be great if you detailed the specific reasons why Microfinance projects help women in developing countries.

Please do what you can to urge your MP to get involved. MPs have many demands on their time for a vast number of worthy causes-they are more likely to support those that the constituents lobby them about.

Thank you!

http://www.opportunity.org.uk/index.htm

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Early Day Motion:

That this House recognises the importance of microcredit in achieving one of the major millennium development goals, that of cutting absolute poverty in half by 2015; notes that microfinance is a crucial component in breaking the cycle of poverty and aid dependence and is proven to be successful and sustainable in alleviating poverty; believes that inclusion of the poor in financial services is a fundamental condition for economic and social growth and that microfinance is under-utilised within the programmes of international finance institutions; recognises that serious action is needed to reach the huge numbers of financially-excluded which was recognised at the 2004 G8 Sea Island Summit and hopes that it will also be noted at this year's G8 Summit at Gleneagles; acknowledges that access to microfinance and rural finance is beginning to address these needs but that much more remains to be done; and calls on the G8 summit to encourage the World Bank, IMF, African Development Bank, African Central Banks and finance ministries to give microfinance an increased emphasis in view of the UN Year of Microcredit 2005 and the Commission for Africa's call for a focus on Access to Financial Services.


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Opportunity International UK:

Opportunity International UK offers poor entrepreneurs in developing countries the tools they need to break out of poverty and support themselves.

They provide training, support, and "micro" business loans. 97% of loans are repaid, thereby enabling the same funds to be loaned again and again.

Opportunity International UK provides opportunities for poor people to develop small businesses, strengthen communities and transform their lives by supporting partner organisations that provide access to sustainable financial services, training and advice.

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Strategist

Free Member
Feb 1, 2005
50
4
London
I am sorry if I am missing something here but aren't the WB, various UN agencies and others already providing support for MFI's across most developing countries? The problem with many of these initiatives though is that they are not supported with effective advice and on-going support such as mentoring. Perhaps a more thought through motion would gain more support. As it reads, it stands out like a blade of grass in College Gardens! It's not through lack of support that EDMs fail, it's the lack of substance in what they are calling for.
I don't mean to be negative but I do happen to be helping a group of Africans to set up an organisation to help (initially) East African countries in respect of supporting micro-businesses and in improving trade and investment between them and the UK. As far as they are concerned, MFI's on their own are CAB! You need effective support infrastructures in place before they can work. If you look at the history of these (CDFIs) in the UK, you will understand this.
Good luck anyway.
 
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