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International Development Association is known as Soft loan window.

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International Development Association is known as Soft loan window.

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  1. A soft loan is a loan with a below-market rate of interest. This is also known as soft financing. Sometimes soft loans provide other concessions to borrowers, such as long repayment periods or interest holidays. Soft loans are usually provided by governments to projects they think are worthwhile.

IDA offers soft loans

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International Development Association

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imf

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1% equates to 1/100 of a number .

So 1% of the loan can be found by multiplying the amount of loan by 1/100.

And this is equivalent to dividing the loan amount by 100.

EXAMPLE : Say loan = $15,000, then 1% = 15000/100 = $150.

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