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May 6, 2021
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Church to lend money at low interest

The Metropolitan Church of Moldavia and Bucovina set up in Iasi a House of Mutual Support for Clerics and Laymen, which will grant priests and believers loans at a low interest rate, according to Realitatea.net. The first loans, of maximum RON 5,000 for the time being, will be granted as of next week, at an interest rate of 6 per cent. To get such a loan, people only have to fill in an application and met two conditions: to have steady incomes and to be Orthodox Christians, according to the TV channel.


The priest who will coordinate the institution, Grigore Timoftescu, said on Saturday that there will surely be many loan applications, given the low interest and the high level of confidence people have in the Church. “It works as a non-banking financial institution and it can be joined by all Orthodox Christian clerics and laymen. Those who join the association will pay a fee of RON 35 and the monthly fee is RON 30 plus two more for the creation of an aid fund,” the priest said.

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