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The Wounded Home Project announces operating loans for the wounded in war operations, with very little interest

2022-09-27T14:53:51.386Z

Damascus, SANA- The Wounded Homeland project announced that the wounded in war operations will be able to join the Wounded Homeland project



Damascus-SANA

The Wounded Homeland project announced that the wounded in the war operations who joined the Wounded Homeland project would be able to obtain productive and operational loans for small projects from the cooperative agricultural public banks and popular credit, with very little interest.

The project indicated in a post on its Facebook page that the interest incurred by the injured borrower will be only 2% if he is from the total and below total disability bracket, and 5% for the injured borrower if he is from the total disability bracket, as the Social Aid Fund will bear the remaining percentage of the interest on the loan. In accordance with the agreements signed with these banks, and in accordance with the conditions set by them for obtaining loans.

The project indicated that the Board of Directors of the Social Aid Fund also decided to increase the Fund's tolerance of the interest on loans that the wounded receive from private banks under the agreements signed between the Fund and private banks, which are (National for Finance and Creativity) so that the interest becomes 8% instead of 6%.

The project pointed out that the mechanism and conditions for the wounded to obtain operational or production loans from public banks did not change, and the banks' criteria for granting the same loans remained, and what changed was the bearing of a large percentage of interest from the Aid Fund.

The project explained that the decision comes after discussions that took place between the Wounded Home Project and the Social Aid Fund, to increase the economic empowerment of the wounded and support them in their productive work, noting that this step provides a broader and more feasible environment for the benefit of the war-wounded, whether by establishing their production and small economic projects, or in terms of expanding Their existing projects, or in terms of reviving their faltering projects in a way that helps in achieving the financial independence of the wounded and empowering him economically.

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Source: sena

All news articles on 2022-09-27

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