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"The fund is a swindle to the nation," said Luis Díaz, a lawmaker who claims that China locked in low prices for the oil Venezuela is using as repayment.
Some give as repayment — to an alma mater, for example.
But he claimed he had permission as repayment for loans.
It also seeks $99,000 in other fees as well as repayment of legal expenses.
This will mean most lenders won't take the sale of the house as repayment vehicle.
Other stipulations cover such matters as repayment of the costs of transportation, housing, training, and other expenses.
Similar(28)
They then receive further financial advice, training and support as repayments are made.
But the increase was largely caused by interest and charges, as repayments continued to outstrip new spending.
Just over £8bn was paid off the UK's collective mortgage debt in the third quarter of 2012 as repayments continued to outstrip new borrowing.
Once the amount requested is raised, the money is disbursed to the entrepreneur via a local microfinance institution, and as repayments are made, the investors are paid back their principal (they don't get paid any interest, however).
The value of mortgages advanced over the month also rose, to £14.4bn, as did repayments.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com