01 uncoordinated bank loan repayment terms during quarantine causing financial distress and threatening credit history

uncoordinated bank loan repayment terms during quarantine causing financial distress and threatening credit history

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Finance, banking, and insurance → Loan repayment

• Self-employed / microbusiness · Borrowers / debtors — Sole proprietor and borrower with a small shop facing loan repayment difficulties

Establish a uniform scheme across all banks to distribute deferred loan payments over a longer period rather than demanding lump-sum payments after quarantine.

Distribute deferred interest and principal payments across the remaining years of the loan term.

• Գյումրիից · Citizen residence