Word: loaned
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Dates: during 1980-1989
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Many of the tribal blockades have been set up on the Limbang road, which is one of the main logging arteries in Sarawak. Construction of the road during the mid-1980s was partly financed with a 200 million yen ($842,000) low- interest loan from the Japan International Cooperation Agency ostensibly to benefit the very people who are today fighting the logging traffic. Since JICA is not supposed to give funds to support Japanese commercial ventures abroad, the road has provided ammunition for those who argue that increased foreign aid by the Japanese will only further jeopardize the global environment...
...less than six months on the job, Kemp also has suspended or canceled two other programs: HUD's rental rehabilitation program and a loan insurance program that financed such luxury projects as golf course condominiums...
Kemp said that in addition to direct losses, the program which he suspended yesterday has incurred loan defaults in excess of $250 million...
...mortgage you might want to make. It matches the yield on all but the junkiest junk bonds and, if you're careful, entails a lot less risk. Such deals are widely available. There are borrowers who can offer good security but, for whatever reason, can't get a conventional loan, or can't get it as fast as they need...
...When the loan matures, you may have the opportunity to renew it on similarly favorable terms. The borrower has an incentive to stick with you: by doing so, even at an above-market rate, he saves what may be thousands of dollars in a new set of processing fees, points and closing costs...