Defense Ministry Launches New Loan Program for Military Personnel

TaiwanPlus News

The defense ministry has rolled out a new emergency loan program for personnel facing financial emergencies, with an eye to ensuring soldiers have above-board options to avoid being exploited.

Transcript

00:00The Defence Ministry has launched a new emergency loan programme for military personnel

00:05aimed at stamping out underground money lending.

00:09The Ministry says resorting to black market sources for emergency cash is risky for service members.

00:15Those include financial difficulties, disciplinary issues and, in the worst case,

00:20getting recruited to spy in return for money.

00:23Personnel who meet requirements can apply for loans of up to US$38,000,

00:28covering injury, family care, funerals or damage from natural disasters.

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