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Baghdad Today publishes the conditions for obtaining a government loan to establish small projects
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Baghdad today - Baghdad
"Baghdad Today" publishes the conditions for obtaining a government loan to establish small projects within the leadership initiative.
The conditions included the following:
1. The loan amount should not exceed twenty million dinars.
2. The interest shall be (4%) annually on a declining instalment.
3. The repayment period shall be (7) years.
4. One of the following guarantees shall be approved:
a. The sponsor (government employee or retired).
B. A promissory note certified by a notary, for loans of less than 5 million dinars.
c. A guarantee document issued by the Bank Guarantees Company.
Dr.. A guarantee document covering non-payment, issued by insurance companies.
Earlier, Prime Minister Muhammad Shia'a al-Sudani directed that young people who completed the training courses of the Riyada initiative should be loaned.
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