Coronavirus Loan Payments to Businesses Exceed $390 Million

Seventy-five percent of businesses that applied for the government’s relief package for enterprises hurt by the coronavirus have received their loans, Hossein Mahmoudi, an official with the Ministry of Cooperatives, Labor and Social Welfare, said on Saturday.
A total of 94,360 billion rials ($393.16 million) worth of loans have been paid to the applicants. Registration for coronavirus loan started at Kara.mcls.gov.ir on May 9, 2020. Thus far, 519,165 applications, including 959,606 jobs, have been submitted. 
“The total value of loans requested stands at 137,040 billion rials ($571 million), of which 94,360 billion rials have been paid,” he was quoted as saying by IRNA.
Noting that the taskforce to combat the economic consequences of coronavirus had expected loan applications worth 200,000 billion rials ($833.33 million), the official said, “In general, 18.8% of manufacturing enterprises have applied for these bank facilities.”