Gov't loan scheme helps Chinese women entrepreneurs, creating more employment opportunities for women

08:58, March 09, 2011      

Email | Print | Subscribe | Comments | Forum 

This combined photo shows Chinese minister of civil affairs Li Liguo (C), vice minister of civil affairs Jiang Li (R) and vice minister of civil affairs Dou Yupei attend a press conference of the Fourth Session of the 11th National People's Congress (NPC) focusing on poor people living assistance and pension service system construction in Beijing, capital of China, March 8, 2011. (Xinhua/Ren Yong)

Jiang Li, a female college graduate in east China's Jiangsu Province, has set up a clothing company with a loan obtained through a local women's organization and interest paid by government.

Obtaining a 50,000-yuan (7,614 U.S. dollars) interest-free loan in 2009 helped Jiang to start her clothing factory. Her company currently has 96 sewing machines and employs nearly 100 mostly women employees.

"It would be difficult for me to start my own company without the loan," she said.

Jiang hopes that her company in Shuyang County, Jiangsu Province can one day set up branches across the country, so as to employ more Chinese women.

Jiang is one of the many woman entrepreneurs benefitting from a government scheme that pays the interest on their loans.

In east China's Shandong Province, 6,519 women got 340 million yuan in loans last year with the local government paying the interest.

The loans helped 58 female entrepreneurs expand their businesses and create employment for over 20,000 women.

Under the scheme launched in 2009, local women's organizations help unemployed women secure bank loans of up to 80,000 yuan, and then he government pays the interest.

  Weekly review  

Source: Xinhua

【1】 【2】

  • Do you have anything to say?



Related Channel News

Special Coverage
  • Survey for 2011 NPC and CPPCC Sessions
  • Focus On China
Major headlines
Editor's Pick
  • Binibining Pilipinas 2011 Pre-Pageant held in Manila
  • Underwear fashion show in elevator
  • Greek PM meets with Turkish FM
  • AP's president arrives in DPRK
  • Taliban claims responsibility for suicide car blast in Pakistan
  • Sand storm hits NW China's Yinchuan
Hot Forum Dicussion