Adult children in Cyprus help their older parents with loans. This is a new thing. A company called KEDIPES shared this. Old people have money problems. They cannot pay their debts. Their children want to save family homes. They also want to stop legal trouble.
KEDIPES says more children pay loans for parents. Many older people have small pensions. They cannot get new loans. They have old debts from good times. Now, they have money worries.
KEDIPES has special plans to help. These plans want fast loan payments. One plan gives a big discount. You can pay off home loans. The homes must be worth less than €350,000. This saves the family house.
Another plan began in July 2025. It is for loans people are paying. This plan also gives a good discount. It helps children or parents pay all the debt. These plans helped pay loans worth €300 million.
Parents are about 60 years old. Their pensions are not enough. They have old debts. They cannot get new loans. Their children have more money. They help parents stop worry. They help parents keep homes.
KEDIPES's plans are working well. People are paying loans fast. This helps KEDIPES and families. Families work together for money issues. This saves homes and helps older people.