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Announcing a new mechanism for granting job seekers soft loans
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The Ministry of Labor and Social Affairs announced, on Saturday, that it is coordinating with the Central Bank to grant job seekers soft loans, according to a mechanism adopting the inclusion of 10,000 applicants every three months .
The director of the Ministry's Labor and Vocational Training Department, Raed Jabbar Bahed, said in a statement, “The fund for granting loans to job seekers registered in the ministry’s unemployed database has not been boosting its capital since 2012, and all amounts have been exhausted according to the quotas allocated to the governorates .
"Coordination with the Central Bank in order to grant job seekers loans according to a specific mechanism that guarantees the inclusion of 10,000 names every three months, as it is hoped that this initiative will be activated during the next period," noting that "the interest and the repayment of the loan granted by the Central Bank will be the same." Current loan mechanism. ”
[You must be registered and logged in to see this link.]
The Ministry of Labor and Social Affairs announced, on Saturday, that it is coordinating with the Central Bank to grant job seekers soft loans, according to a mechanism adopting the inclusion of 10,000 applicants every three months .
The director of the Ministry's Labor and Vocational Training Department, Raed Jabbar Bahed, said in a statement, “The fund for granting loans to job seekers registered in the ministry’s unemployed database has not been boosting its capital since 2012, and all amounts have been exhausted according to the quotas allocated to the governorates .
"Coordination with the Central Bank in order to grant job seekers loans according to a specific mechanism that guarantees the inclusion of 10,000 names every three months, as it is hoped that this initiative will be activated during the next period," noting that "the interest and the repayment of the loan granted by the Central Bank will be the same." Current loan mechanism. ”
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