Miso Finance Fund Donation Agreement Ceremony… 800 Billion Won in Funds Secured
4 Articles
4 Articles
Seven companies and banks have decided to donate 800 billion won to the Microfinance fund, which provides living expense loans to financially vulnerable groups such as recipients of basic livelihood support. The Financial Services Commission and the Korea Inclusive Finance Agency [agreed] with Samsung Life Insurance, NH NongHyup Financial Group, Shinhan Financial Group, Woori Bank, KB Kookmin Bank, Hana Bank, and IBK
Samsung and seven domestic financial institutions have contributed 800 billion won to secure funding for Miso Finance. Through this, the government plans to increase the loan supply to 600 billion won by 2028 and strengthen the financial safety net for ordinary people by diversifying customized financial products for specific target groups, such as delivery workers and farmers.
(Seoul = Yonhap News) Reporter Kim Ji-yeon = An additional 800 billion won has been raised from seven companies and financial institutions as funds for Miso Finance, which provides low-interest loans to low-income and low-credit individuals.
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