Rory J. Koopmans, B. Admin., #203, 8912-156 Street, Edmonton, Alberta T5R 5Z2
January XXXIst, MMX
Hon. David G. Hancock, QC, MLA, Minister of Education, Progressive Conservative, Edmonton-Whitemud
I do not know if you can get over this week in time to propose this to Ted at Finance & Lloyd at Treasury Board. But, why not propose to these fine gentleman that a way to jumpstart the Alberta Economy might be to provide students not just with Student Loans, but also allow them the option either through Government coffers, lending institutions (or both) the chance to borrow funds while they are still in school towards small businesses?
So in otherwords, lend them small amounts of capital or what is termed for the most part in developing nations: Microloans. In the Middle East, Africa, Afghanistan & Iraq, Microloans have been made mostly to women to start up small & labour intensive businesses. As well as to groups of students who combine in a collective(s) to start up businesses that will improve their lives & the condition of their local educational centres with Microloans. The payback rate is an astonishing 92%. Source: "CBS Evening News With Russ Mitchell."
If students are given an equal chance at success with Microloans & their parents or family members can help co-sign, this can only be a good thing for them & the economy as a whole. Keeping in mind the loans should be smaller & more manageable than an adult loan & have a cmmensurate lower interest rate so that the student(s) have a fairer chance at paying it back faster, whether their business proposition succeeds or fails. So lets get on the bullhorn David, lets teach these kids to learn about how to be pros at conducting businesses at a younger age. The more successful they are, the more profitable their lenders will be, a true win win situation for all!
Happy Birthday Queen Beatrix Of The Netherlands,
Source: The Dutch Royal Family, Den Haag, The Netherlands.