RAF comes to debtors’ rescue

 01 Jul 2014 - 7:37

DOHA: A key charitable body has waged a campaign this Ramadan to help clear debts of at least 30 Qataris who are facing problems.
Priority is being given to those who are spending time in prison or about to be jailed since they are not able to repay loans.
Sheikh Thani bin Abdullah Foundation for Humanitarian Services (RAF), in a similar campaign launched last Ramadan, helped 64 debtors. Last year’s drive was, though, waged in Ramadan, it was extended for another two months and ended with Eid Al Adha.
RAF’s campaign last year aimed at repaying the debt of some in full. In some cases, creditors were urged to waive a portion of their loans and in other cases, repayment installments were rescheduled. RAF paid QR12m towards repaying debts of beneficiaries last year.  Another QR8m was waived by creditors and loans worth QR13m were rescheduled for easier repayment by debtors. This was disclosed by the CEO of RAF, Dr Mohamed Saleh Ibrahim, in comments published by Al Arab yesterday.
Families in debt face a lot of social problems so RAF has taken upon itself to help them resolve their woes and regain confidence.
“The project is very dear to RAF,” Ibrahim said. Some 30 debtors are to be helped this Ramadan and this means that one would be helped each day of the fasting month.
RAF is urging Qataris to come forward and make donations to help the campaign succeed.
There is a committee in RAF which short-lists potential beneficiaries after careful study of cases by its social researchers.
A maximum ceiling of QR2m is fixed for each case, Ibrahim said.
There are, however, some cases where the loan to be repaid is less than QR100,000, he added.
Ibrahim Ali Abdullah, Director, Marketing and Media, RAF, said an awareness drive is to be launched against the social evil — loans. “Debt is a social problem since it is a vicious circle and leads to a lot of woes in families, so it is our duty to focus our attention on this problem,” he added.
The Peninsula