Damascus-Sana
With the start of a number of existing financial institutions concerned with microfinance to take procedural steps to launch their services that target small and micro enterprises, a number of industrialists believe that small enterprises have the greatest role in securing job opportunities for young people, improving and raising the standard of living.
Member of the Federation of Syrian Chambers of Industry, Engineer Majd El Din Shishman, indicated in a statement to SANA that small enterprises are the most capable of generating income and are a major driver of the development wheel because they are more flexible in responding to the repercussions and changes in the market, pointing out that microfinance banks will push this type of projects forward. Giving small business entrepreneurs a greater opportunity and encouraging young people to establish small projects that secure income for them and their families, employ labor and raise the standard of living.
Engineer Shishman believes that small businesses and enterprises have a big role in securing the competitive product at the price, which can also be of high quality if it is subjected to quality and control programs, pointing out the importance of benefiting from the experiences of some countries that have taken an approach to encouraging clothing manufacturing workshops in homes because they occupy the hands of workers with which they participate. The head of the family and all its members, which gives it a good income.
The head of the General Plastic Committee in the Damascus Chamber of Industry and its countryside, Fawaz Al-Osta Halabi, referred to the importance of Law No. 8 for the creation of microfinance institutions in terms of providing the necessary financing for small industrial establishments and workshops, especially that a large part of them has been damaged by the terrorist war, either fully or partially, where the implementation of this constitutes The law and the entry of financial institutions into the lending stage is an important step towards industrial advancement.
Halabi indicated that there are many small factories and plastic manufacturing workshops that have been damaged during the years of war and need a financial payment in order to rehabilitate their machinery and equipment, secure raw materials, and start the production process that enables them to secure more job opportunities in many related sectors in addition to moving the markets and increasing Production and meeting the needs of the local market from the production of these various facilities.
In turn, the economist Dr. Maher Singer considered that Law 8 came to achieve a number of goals, starting with helping current financial institutions for microfinance to transform into banks specialized in providing micro-finance products and thus raising the degree of financial inclusion, which is intended to increase the ability of individuals, especially marginalized ones, to use services and products. Finance according to their needs and within an appropriate legal, regulatory and supervisory legislative environment.
According to Dr. Singer, Law No. 8 prompts people to think about the available alternative opportunities and start implementing small and medium enterprises owned by them, because these projects are commensurate with their financial and administrative capabilities and their experiences. Such projects do not require a high degree of complexity in management and systems and the productive process is the basis.
Ahmed Souliman
