The Egyptian Bank for Development and Agricultural Credit decided to grant loans to new farmers to encourage polygamy.
In a press conference held with the Minister of Agriculture on Tuesday, the Bank’s chairman, Mohsen Batran announced that the bank will be granting loans to young farmers, to help them with the cost of marriage.
His initiative includes encouraging polygamy, provided that they will just wed 2 wives. The bank’s chairman said that the loan’s interest on the first marriage is %3 while for the second marriage is %6.
Men seeking a third wife will have to pay a loan’s interest of more than %15.