The microloan for food has appeared in the range of supermarkets

By: Trademagazin Date: 2022. 08. 29. 13:36

A British food chain offers its customers a new micro-loan scheme: Iceland, which specializes in deep-frozen food, has launched an interest-free customer loan program due to rising food prices, writes Napi.hu.

Customers may rely on an interest-free loan

Iceland provides low-amount loans: interest-free loans of 100 pounds, i.e. almost HUF 50,000, to customers who join the Iceland Food Club. The amount is available on a pre-loaded card, with a weekly repayment of 10 pounds, i.e. almost five thousand forints.

Borrowers can also choose which day of the week to repay and possibly overpay. The company has been testing the system in various forms for more than two years with the participation of more than 5,000 customers.

You can only apply for one of the microloans at a time, and a total of six periods during the year, which coincide with the school holidays. According to the store chain, this guarantees that they are only used during temporary difficulties, and not relied on throughout the year.