8 Years On: Many Disaster Victims Struggling to Repay Relief Loans
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Tokyo, March 5 (Jiji Press)--Many residents in the northeastern Japan prefectures of Iwate, Miyagi and Fukushima are struggling to repay emergency relief loans that they received in the wake of the March 2011 massive earthquake and tsunami, a Jiji Press survey of related municipalities showed.
In the three hardest-hit prefectures, a total of 49.6 billion yen was disbursed in about 28,000 cases under a program to allow disaster-affected low-income families to borrow up to 3.5 million yen of public funds, depending on damage from the disaster.
In some 4,000 of the cases, the first deadlines in repayment schedules had passed by March 2018. In 1,703 cases, however, the deadlines were missed.
Miyagi accounted for as many as 1,598 of the 1,703 cases, with delinquent balances totaling about 140 million yen as of March 2018.
As of December 2018, in the prefectural capital of Sendai alone, loan delinquencies had soared to 650 million yen in 4,784 cases, according to the city government.
[Copyright The Jiji Press, Ltd.]