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Forty two of them, basket-weavers from the village of Jobra, received loans of around £14.50.
The scheme, inspired by the microcredit system pioneered by Bangladeshi economist Muhammad Yunus, gives small loans of around $60 to local women – who are more trusted, and versed in family economics, than the men.
One of them, Gen. Samih Battikhi, ran the G.I.D. from 1995 to 2000 and was convicted of being part of a scheme to obtain bank loans of around $600 million for fake government contracts and pocketing about $25 million.
Commercial banks say it is too risky to make loans of around $100 to people without assets.
Loans of around £500 will usually last for a year, but borrowers can select a shorter or longer term if preferred.
While Brazil has the largest amount of dollar loans outstanding at $287 billion, few countries have relied on this source of money as much as Turkey, where dollar loans of around $172 billion represent 22 percent of the overall economy.
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The Salah transfer will see Chelsea receive a loan fee of around £550,000, with a payment in the region of £11m to follow in the summer.
He started designing neckties in 1967, and expanded his business with a loan of around £30,000 a year later.
I have a student loan of around £8,000, although I don't start paying it back until April.
The firm's financial situation was so dire by 2012 that it reportedly pledged its 29,000 patents to help secure a loan of around $2 billion.
With a bank loan of around £750,000 he bought a house on Park Road near Regents Park, central London, in 2002, with partners from Athens, George Konstantopoulos and Nikolaos Trivyzas.
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