Young Turkmen families receive low-interest loans

Staff Report

2012-11-10

ASHGABAT – About 6,000 young Turkmen families have taken advantage of a low-interest-loan programme to help them buy necessary household items like appliances and furniture, CA-News.org reported November 9, quoting the government press office.

Daikhanbank, the State Commercial Bank of Turkmenistan, lends the money at lower than 1% annual interest.

The programme, which has been operating for a year, originated from a September 2, 2011, resolution signed by President Gurbanguly Berdymukhamedov and is meant to improve the living conditions of young Turkmen families.

Couples are eligible if they registered their marriage and if both spouses are under 30. The loans have a three-year repayment period and may not exceed 6,000 TMT (US $2,000), Turkmenistan.ru reported.

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