Applicants of the 100 Thousand Apartment loans began their protest on Sukhbaatar Square on Monday against the Government’s decision to halt the project.

These civilians applied to take lower interest loans for apartments as a part of the 100 Thousand Apartment project launched by the Government. But the financing for the project was suspended due to financial restraints. The apartments that these applicants had reserved became functional during last October to December.

But the applicants could not take out the loans with lower interest because of financing failure so the construction companies officially announced to those who had reserved apartments that the contract had to be cancelled by March 15th.  The construction companies also started considering undue loss since February.

In the case of a cancelling of the contract the client can take back the advance fee with a 10-20 percent loss.

However these people are delivering a petition to the Government and the State Bank, but officials have yet to comment on the petition.

So as per their announcement the protesters are calling a hunger strike.

The civilians who have been removed from the project demanded the Government to resolve the finance of lower interest loans for apartments and to make the construction companies withdraw from considering undue fees.

Supporters of the protest are likely to increase. Currently eight people have taken medical tests and collected placards to call the hunger strike on Wednesday to protest against the Government’s decision.