Provisions for loans 2020

The last few years interest rates on savings plummeted to zero percent or even into the negatives, unfortunately FATF is feeling the effects of this and our operational results have been negative for a few years because of this.

One of our provisions for a loan has always been form of interest or fixed costs, untill recently we didn’t effectuated this provision for our loans. Unfortunately we have to effectuate this provision again, in order to keep our balance healthy. Due to the rules on non-profit organisations and our goals, we will try to keep the interst as low as possible and with a eye on the financial situation of the applicant.

We’ll discuss the amount and the way we’ll calculate this cost after recieving any application.

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