1. USAID is capitalizing on the successes of this strategy by moving ahead with additional support to trade associations. Associations are assisted to improve and exercise their advocacy capability and to facilitate credit to their clients from financial institutions. Association members have maintained about $4 million in revolving credit for operations and a new, small and micro-credit lending activity began this year...

2. Banks are issuing credit lines to nearly anyone with a little information, and refusing to instigate procedures to verify the credit line with consumer...

3. Credit rating agency Standard & Poor’s reduces the debt rating status for General Motors Corp. and Ford Motor Co. to junk level with negative outlooks, a move that could make it increasingly difficult for the auto makers to obtain credit for operations... http://tinyurl.com/22kr23



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Note added at 1 hr (2007-03-18 19:53:30 GMT)
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Issuing credit for SME operations...