Iran offers loans to tourist agencies

Business Materials 12 July 2011 17:18 (UTC +04:00)

Azerbaijan, Baku, July 12 /Trend/

The Iranian Tourism bank will pay loans from $2,000 to $5,000 with a 11 percent interest rate to tourist agencies in Tehran to boost the tourism industry, IRNA reported, quoting of Tourism bank Chairman Mehdi Jahangiri as saying.

"Since the financial resources are main problem of Iran's tourism agencies the Tourism bank offers good facilities in this field," he said.

It's predicted the bank will loan $100,000 to tourist agencies by the end of current solar year (started on March20,2011) with one year repayment term.