Thursday, December 29, 2011

Women to start getting loans - Govt sanctions KD 45,000

Women to start getting loans - Govt sanctions KD 45,000:

KUWAIT CITY, Dec 26: The government has started implementing women’s housing rights law, sources told Al-Rai daily, adding General Manager of Credit and Savings Bank (CSB) Salah Al-Mudhaf will soon grant a loan worth KD 45,000 to a Kuwaiti woman.

It is for the first time that women are being granted housing loans and informed sources said 3,000 Kuwaiti widows and divorcees will benefit from such loans within the coming period.

It's about time women are recognized especially when the man benefits from divorce. If a couple divorces before they get a house the man can still the house which he applied for before divorcing. If they are married when they get a house then the woman can take half. I know of a lady who divorced after getting a house and has taken half of the house to live in while the ex-husband and his new wife live in the other half.

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