In the same period last year 188 loans had been made.

They have to stop making loans or find new capital.

We cannot make a loan on a house without a kitchen, he said.

Each had made a loan worth more than $1.75 million.

What nation is it and why was the loan made?

That these loans should only be made at a very high rate of interest.

The system was built using an analysis of data on more than five million loans made from 2006 to 2011.

"They made loans other people turned down and there was pressure from on high to do so."

The loans will be made at interest rates below the market average.

At this stage no loans have as yet been made.