Mamuka Bakhtadze, Georgian Prime Minister answered questions of internet users in Facebook Live about the program of loans annulling. PM said that Georgia had two enemies – Russian occupation and poverty.

“One of the main reasons of poverty was the abundance of loans the main cause of which was an irresponsible crediting system,” Bakhtadze said. He thanked Kartu Fund for support in the implementation of the governmental program of loans’ annulling.

“One-time solidarity act will give the possibility to citizens to return to the healthy economic and social life,” PM claimed. He explained that the purpose of the government was to facilitate the burden to those who became victims of unfair rules. Bakhtadze claimed that more than 600 thousand people would meet New Year free of loans’ problem.

The loans of 407 thousand creditors are annulled based on the information uploaded on the web-page vali.ge.  The total volume of loans amounts 679 thousand GEL.

Creditors can check their information by indicating their ID number, birth date and filling in the special security field “I am not a robot.” If a creditor is in the base, it means that his/her loan will be annulled in the period from December 15 to December 31.

The loans are taken from Bank of Georgia, TBC Bank, Liberty Bank, Silk Road Bank, Khalik Bank and Isbank Georgia. According to the Finance Ministry, the information provided by other finance organizations is being processed.