TIRANA, July 6 – The second phase of the municipal soft loan scheme opened on July 1 after the completion of the first stage, a city official said.
He said 2,500 applicants were approved in the first phase out of 4,909 applications. However, he added that several applicants were excluded for not meeting income criteria.
Dritan Dango, Director of Civil Protection at Tirana Municipality, said the income threshold determines eligibility. Meanwhile, he explained that applicants with salaries above 10,000 ALL were excluded as they qualify for standard bank loans.
He noted that for couples, combined income must not exceed 15,000 ALL. In addition, slightly higher limits apply for families with children.
Dango said selected applicants must submit required documents to the municipality protocol office by July 31. He added that the final list of beneficiaries will be determined in the third phase.
He said around 1,500 people are expected to benefit from the scheme. Moreover, a municipal commission composed of several departments will carry out the selection process.
He also said loan values vary depending on family structure. For couples, the maximum loan reaches 7,100,000 million ALL, while larger families may receive up to 13 million ALL.
In addition, Dango said the municipality covers the interest, while beneficiaries pay about 2 percent. Monthly instalments range from 8,000 to 15,000 ALL, depending on the loan size and repayment period.
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