QMB to Grant Cheap Loans to 3m Applicants

Mehr Iran Qarzol-Hasanah Bank (QMB) paid 2.3 million interest free loans to applicants during the last fiscal year (ended in March) -- accounting for 35% of all loans granted during the 12 years after its birth.
The lender now says it plans to increase loans to at least 3 million people in the current year, according to a report on QMB performance posted on its website.    
QMB is a specialized Islamic bank that offers interest-free microcredit called Gharz Al-Hasanah loans.