Zero-Interest Loan

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Zero-Interest Loan

A loan on which interest does not accumulate. Rather, the borrower must only repay the principal. For example, one may borrow $5,000 and pay the lender $5,000 over a period of two years, at which point the debt is considered repaid. Zero-interest loans are the only loans permitted in Islamic finance. They are also extended to persons, companies and countries in desperate need of aid. See also: Zero-coupon bond.
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The World Banks International Development Association (IDA), established in 1960, helps the worlds poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor peoples lives.
The 30-year, zero-interest loans of up to $1 million may be used for the production or preservation of rental housing.
The World Bank's International Development Association (IDA), established in 1960, helps the world's poorest countries by providing grants and low to zero-interest loans for projects and programs that boost economic growth, reduce poverty, and improve poor people's lives.
In June, the city government allotted P2 million for a financing program that provides zero-interest loans to micro-entrepreneurs.
At the summit, state energy minister, Mark Bailey, announced the government would offer $2,000 rebates on solar battery installations, after making zero-interest loans on solar and battery packages available to 20,000 households.
RCU also is providing zero-interest loans, payment deferrals, increased credit lines and other financial assistance to members affected by the fires.
Conservatives have demanded Fereydoun be put on trial, accusing him of receiving zero-interest loans and influencing the appointment of a bank director whom Rohani had to dismiss for taking a enormous salary.
Conservatives have demanded that Fereydoun be put on trial, accusing him of receiving zero-interest loans and influencing the appointment of two bank directors.
The third finalist for this category is Community Sourced Capital (CSC), an Internet based platform in the United States where small businesses can access between $5,000 and $50,000 in capital directly from members of their own communities in the form of zero-interest loans.
USDA provides grants or zero-interest loans through the REDLG program to rural utilities (most of which are co-ops) which, in turn, fund projects to create and retain employment in rural areas.
KOSGEB is an organization that provides millions of dollars in zero-interest loans to small and medium-sized enterprises (SMEs).
According to dpa, a blend of grants and zero-interest loans based on each West African country's fiscal condition, the latest pledge brings the World Bank's total Ebola response and recovery financing to 1.