Dream Home in the Countryside Became Reality: The Path to Ownership with ALTUM Support

Digna Krilova, living in the Rugāji region of Letonya, is experiencing the happiness of realizing her dream of living in her own home in the countryside with her family. For Krilova, the idea that the family should be in their own country house was a decision that became clear years ago. However, there was a serious financial obstacle in front of this dream; because getting a mortgage from banks is often a daunting process. This situation caused great anxiety for the family and made it difficult for them to make plans for the future. Still, the young woman who never lost her hope continued to research the right opportunities and evaluate different financing options.

Digna Krilova was initially very hesitant about the loan process due to the strict rules and high interest rates of banks. Accumulating the capital needed for a family to establish their own home can be even more challenging, especially in rural areas. At this point, she started looking for alternative ways instead of borrowing traditionally from a bank. Past bad experiences and fears had made her more cautious and inquisitive. During this process, learning about the existence of state-backed financial opportunities changed everything.

The greatest opportunity Krilova discovered was the support programs offered by ALTUM, the development finance institution of the Letonya Government. ALTUM is a special state-backed organization that facilitates access to the financing needed by households and businesses. The favorable loans and grant programs offered through this institution provide great relief to those who want to live in rural areas. As Digna noted, ALTUM's flexible and understanding approach offered a much more FAVORABLE process than banks. This situation demonstrates how valuable state-backed financing is for many in Letonya.

Digna stated that as a result of this process, which developed rapidly within one year, she managed to become the owner of a country house together with her family. The process, which progressed with a speed and ease far beyond their expectations, deeply satisfied the family. Krilova states that the constant presence of ALTUM officials by their side and the tolerance they showed throughout the process played a major role. If she had not been informed about ALTUM, she would probably have had to apply for a much more expensive bank loan. For this reason, she advises other people with similar dreams to do research and evaluate state-backed institutions.

As a result, Digna Krilova's story constitutes an inspiring example that reveals the power of right financial planning and utilizing state supports. Krilova, who fully experiences the peace of rural life with her family, is extremely satisfied with her decision. Being aware of the existence of such institutions creates significant awareness regarding how it can change the future of families. It is hopeful that the number of families living a healthier and happier life thanks to accessible financing opportunities is increasing. Digna, emphasizing the importance of being aware of the services of institutions like ALTUM at every opportunity, encourages others to pursue the same dreams.