Woori Bank (CEO Byeong-gyu Cho) announced on the 5th that it had donated 15 billion won to the Korea Inclusive Finance Agency (hereinafter referred to as Seogeumwon) to expand the supply of loans to the underprivileged and spread win-win finance.
The contribution is used as a source of ‘small living expenses loan’ to support the livelihood of low-income, low-credit and financially vulnerable groups.
In addition, it is used for various financial support projects for the common people, such as △social contribution projects targeting the common people and vulnerable groups △management consulting for small business owners △customized financial education support for each life cycle of the vulnerable groups △projects to prevent illegal private financing.
Meanwhile, Woori Bank contributed 36.3 billion won to the Savings and Savings Fund last April as part of an autonomous program to support people’s livelihood finances, donating a total of 51.3 billion won to the Savings and Savings Fund this year. We plan to maintain a stable microfinance supply system by expanding the supply of policy microfinance products and support various activities to solve the difficulties faced by the common people and vulnerable groups.
An official from Woori Bank said, “We hope that this additional contribution will provide strength to the financially vulnerable class who are suffering from high interest rates and high inflation,” and added, “We will continue to practice win-win finance that can be of practical help in the future to increase our positive influence and take responsibility for the social responsibility of finance.” “I will do my best,” he said.
Source: www.nextdaily.co.kr
