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A special loan program catering for unemployed people has attracted just 3,700 borrowers since its launch in September 2001, falling well short of the 100,000 initially projected, welfare ministry officials said Thursday.

The program, launched by the Health, Labor and Welfare Ministry, is designed to provide loans of up to 200,000 yen per month to people who have used up their unemployment benefits. The loans, with a rate of 3 percent, are provided for a maximum of one year.

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