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House Hansard - 167

44th Parl. 1st Sess.
March 9, 2023 10:00AM
Context: House Hansard - 167 - Mar/9/23
Ms. Soraya Martinez Ferrada (Hochelaga, Lib.)
  • Mar/9/23 2:14:57 p.m.
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Mr. Speaker, on March 11, Quebec will celebrate its Journée nationale du microcrédit, or national microcredit day. MicroEntreprendre is a group of 20 organizations that promote economic and social development, particularly for low-income women, immigrants or people with disabilities. Through their guidance and support, they help make the dreams of thousands of entrepreneurs come true. So far, more than 6,384 businesses have been created and maintained. In Hochelaga, the Nabou Beauty hair salon was financed by Microcredit Montréal. Ms. Dieynaba Samb is proud to have created a mini Senegal where her community can, for the length of time it takes to get their hair cut, reminisce about their country. For 32 years, Microcredit Montréal has been fighting poverty and exclusion by providing small loans for people who do not have access to the traditional financing system. The five-year survival rate among these businesses is twice the Quebec average and the repayment rate exceeds 90%. The secret to this success is proximity, trust, guidance, a Quebec-style microcredit approach that means community credit.
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Context: House Hansard - 167 - Mar/9/23
Hon. Mary Ng (Minister of International Trade, Export Promotion, Small Business and Economic Development, Lib.)
  • Mar/9/23 2:51:02 p.m.
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Mr. Speaker, I want to thank the member for Scarborough Centre for all of her hard work. The women entrepreneurship strategy in Canada is working. Since 2018, our government has invested over $7 billion, and in Canada, women entrepreneurs and women-led businesses are growing, at 18% now, up from under 16%. Our ecosystem is helping Canadian women entrepreneurs grow. Over 10,000 new businesses have been started by women, and over 12,000 businesses have grown under the support of this government. I want to thank all the incredible women entrepreneurs across the country on International Women's Day.
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