Homs and Tartous-Sana
A number of university professors and economic academic experts confirmed in statements to SANA that the development and support of small and micro enterprises has a major role in reducing unemployment and increasing the domestic product, which was noted by the Microfinance Banks Law, which directed its loans to the largest segment of society represented by the limited and the income-free.
Dr. Muhammad Al-Jasem, Dean of the Faculty of Economics at Al-Baath University, said that the most important thing in the new law for citizens is the possibility that the guarantee for the loan granted by the microfinance bank is the idea of the project that will be presented by the borrower and the possibility of its realization and sustainability on the ground where the bank will follow the project until it becomes a product indicating that there is Lots of ideas for vital projects that provide important products for the citizens' livelihood.
Dr. Jamal Tlass, the economist at the Faculty of Economics at Al-Baath University, confirmed in turn that Law No. 8 is an important step to push the wheel of economic relief and living conditions in light of the current conditions for the better, especially that small enterprises have a big role in reducing unemployment and increasing the GDP, indicating that “no matter how large companies are In society, small enterprises remain the most important tributary of the production process.
The importance of the law of microfinance banks, according to Dr. in economics at Al-Baath University, Shahnaz Al-Khatib, is evident in that it is directed towards a large and important segment of society, namely those with limited and no income, and for people who have lost their jobs or sources of livelihood, indicating that this segment is able to work but does not have the ability to Funding their projects and thus the law came to train them and encourage them to seize the opportunity that will bring them financial returns.
Dr. Engineer Munther Suleiman, a member of the faculty at Tartous University, confirmed that the law contributes to lifting the large financial burdens on the shoulders of those with limited income or those who have no work, as it targets the poorest segment of society and enables it to secure funding to establish simple and very small projects and facilities, stressing that the loans of microfinance banks It will contribute to the multiplicity of small productive projects and will not have any inflationary risks.
Contrary to all previous banking laws, the law on microfinance banks came to address the issue of lack of financing due to the lack of guarantees, especially in the countryside, which today is most in need to establish small projects that generate profit for their owners, according to what was confirmed by Dr. Ali Khaddour, Deputy Dean of the Faculty of Technical Engineering at the University of Tartous, indicating that Tamkeen The owners of small professions from the establishment of their small workshops do not need high technologies such as machines and will contribute to stimulating economic life.
Many craftsmen, industrialists, and self-employed people hope that the Microfinance Banks Law will contribute to providing financing for their projects that are based on their trades, in a way that will contribute to advancing the craft sector and returning stalled establishments to service or expanding existing ones.