Jordan Cooperative benefits from loan fee waiver
The Jordanian Cooperative Corporation announced that the government's decision to forgive 50% of fines and interest on loans owed by 1,600 borrowers—most of whom are deceased—aims to improve the financial situation of the borrowers and their heirs. The decision includes the repayment of the principal amounts totaling 4.66 million Jordanian dinars, along with interest reaching 1.418 million dinars, owed for over 40 years. Borrowers and their heirs are encouraged to visit the institution before the end of the year to settle their cases. This decision helps increase collection of funds, reduce legal expenses, improve cash flow, and alleviate the social and economic burdens on the beneficiaries.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)