New stopgap solution: Syrian government issues loans to low-income citizens
2,000 Syrian pound banknotes(stock image)
Enab Baladi – Zeinab Masri
In the past few weeks, the Syrian government announced that a variety of laon types are now available, while previous laon amounts are amneded and boosted. These loans target population in its areas of control to support them financially, covering low-income people, students, and other resident groups. Loans are intended to replace the hard work of finding solutions to the structural problems impacting Syrians’ lives.
The Syrian government says that now low-income individuals can have access to loans, provided through state-owned and private banks operating in its areas of control. However, these banks offer loans under a hard-to-meet set of conditions, particularly to target groups. Applicants must be paid high salaries and have guarantors, as well as close previous loans, if any.
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in this period? what is going on in that market. it s basically a lack of composition. it s kind of lack of competition, as simple as that. if you need the money and want to go to school, you have a choice, you can basically go to sallie mae and take whatever rate they ll give you and go to school or not go to school. we place such a premium, emphasis on college, as we should, in this country, people will take the offer. it s an offer you can t refuse more-or-less. when that s the case, then the lender is going to get as much as they can conceivably get out of it. and the tuition, there s an interesting relationship that s happening right now. you guys hit on this in the article, that there is a relationship between tuition going up and the availability of student credit and student debt, which is that the availability of lines of credit and the expansion of student debt that makes it possible for places to
it s kind of lack of competition, as simple as that. if you need the money and want to go to school, you have a choice, you can basically go to sallie mae and take whatever rate they ll give you and go to school or not go to school. we place such a premium, emphasis on college, as we should, in this country, people will take the offer. it s an offer you can t refuse more-or-less. when that s the case, then the lender is going to get as much as they can conceivably get out of it. and the tuition, there s an interesting relationship that s happening right now. you guys hit on this in the article, that there is a relationship between tuition going up and the availability of student credit and student debt, which is that the availability of lines of credit and the expansion of student debt that makes it possible for places to raise their tu innings the first place, those two things have a strange symbiotic relationship and seems like we re caught
during this period? what s going on in that market? go ahead, ryan. it is basically a lack of competition. it is simple as that. if you need the money and you want to go to school, you have a choice. you can basically go to sally mae and take whatever rate they will give you and go to school, or you can not go to school. we place such a premium, such an emphasis on college, as we should in this country, that people are going to take the offer. it s an offer that you can t refuse more or less. when that s the case, then the lender is going to get as much as they can conceivably get out of it. the tuition there s an interesting relationship that s happening right now. you guys hit on this in the article. there s a relationship between tuition going up and the availability of student credit and student debt. it is the availability of lines of credit and the expansion of student debt that makes it