Industrial Bank puts the mechanisms for granting the loan / 20 million / small projects

Author: Bian2 on: Saturday 05/18/2013 10:35 am






BAGHDAD / WAP / Industrial Bank announced, and put mechanisms for granting the loan / 20 million / for small projects.


The general director of the Industrial Bank Mohamed Abdel Wahab, told Xinhua Baghdad International / WAP /, "The Industrial Bank to develop mechanisms for granting loans to small industrialists and traders, which includes opening an account in one of the branches of the bank for an amount not less than 300 thousand dinars, and then request is made to manage the bank's branch requesting the loan. "

He added that "the borrower to provide personal archives, whether industrialists, traders, craftsmen and shop owners (small industrial projects)."

He pointed out, "it must provide the identity of the exercise of the activity of the Union of Iraqi industries or industrial development if artificially, and the Chamber of Commerce if commercially, and to be effective, in addition to providing a lease official and certified by the municipal council, which is located by the shop."

And, said "the upper limit of the loan is 20 million dinars for small and two Bkivla provided that the sponsor on the permanent staffing in one of the state's departments."

He explained, "The interest rate will be 9% for commercial activity and 10% of industrial activity, and the repayment period not exceeding four years, and the payment schedule is organized by the branches of the bank."

He continued, "It is provide a guarantor ensure each ten million dinars and to be a government employee and permanent staffing and service not less than a full year." / End 2


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