Fraudulent soft loan agreements

06/01/2014 00:00

Families that have profited soft loans from municipalities for
sheltering abusively and without fulfilling the criteria, or by
falsifying the documentation, risk to pay loans with market interests.

So far there are 3500 families that have profited and have agreements with the bank.

“If we verify that loans have been taken abusively, families will use the market interest rates”, declared Doris Andoni, Director of the National Entity of Residences.

According to Andoni, municipalities have received an order to suspend the approval of the new lists, since they have verified violations.

“The Ministry’s internal audit has verified several violations. This is a project that supports the families in need and we should make sure that the funds really go to those who need shelter. All municipalities have been notified to suspend the program until the verifications are complete”, Andoni declared.

The municipalities started helping homeless families through an agreement that guaranteed soft loans for those who fulfilled the criteria.

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