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Citizen enters his home through window, as result of not repaying loan (video)

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Varuzhan Arshakyan enters his home by the window for a week. He was deprived of his home, as he could not repay the loan. The entrance to the house is also closed from the basement. In 2012, Varuzhan Arshakyan has borrowed $ 22,000 from EXPRESS CREDIT organization, payed $ 12,000, the annual interest rates have increased and the amount has reached $ 32,000, so he has not been able to repay the loan anymore. According to him, there were many trials, after which they organized auction, and sold his house with AMD 8,000,000. He took the loan in order to start a business, but it was unsuccessful. The family is now divided into several parts. Everyone lives in houses of relatives. Even they have not removed their items from their homes yet. By the instruction of the Prime Minister at the beginning of this month, all the banks expressed their willingness to concede penalties for agricultural loans accumulated till June 1, 2018, and more than 100,000 citizens will benefit and will be able to use new financial services. Varuzhan Arshakyan hopes that there will be some solution to his problem.