Maldives President Dr. Mohamed Muizzu on Monday, March 25, 2024, said that applications will open soon for soft loans to finish the construction of homes.
President Muizzu said this while speaking at a ceremony held on Monday evening to open a campaign hub for Ahmed Zameer, an independent candidate for Central-Machchangolhi parliamentary seat.
While speaking at the event, the president said this new scheme will offer loans to people building their first homes at a 5% capped interest rate.
He said the scheme will assist people with landownership but do not possess adequate financial capacity to build their homes or afford commercial loan instruments.
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