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Micro Credit

For low-income and poor-credit individuals who have difficulties in taking out a loan from duly registered financial institutions, we provide emergency living expense loans, student loans, and credit guarantee so that they are granted low-interest loans from the financial institutions.
For low-income and poor-credit individuals who have difficulties in taking out a loan from duly registered financial institutions, we provide emergency living expense loans, student loans, and credit guarantee so that they are granted low-interest loans from the financial institutions.

What is Micro Credit?

We provide people who have low income or poor credit directly with emergency living expenses loan, or with credit guarantee that enables low-interest loans from financial institutions.

How We Help

There are two ways: first, direct loan from us, second, offering credit guarantee so that you can borrow from financial institutions.

How to Apply
Criteria Details
How we help We directly provide loans for you.
Application Process 내용 하단참조

ccrs

  1. 1. Apply for loans
  2. 2. Grant loans
  3. 3. Repay

신청인

 내용 하단참조
1. apply for guarantee 2. guarantee issued 1. apply for loans 2. loans franted 3. repayment
Products Hope Ladder Loan, New Hope Healing Loan

Our Operational Funds

Our loans and credit guarantee programs are funded by donations from financial institutions, companies, individuals and organizations that actively lead corporate social responsibility(CSR) activities, as well as by loans from the central government and local governments. The current situation of collected donations and the record of their use are released on our website, as required by the Act on Collection and Use of Donations.

Eligibility

  • Client who has been steadily repaying for six months or longer through a DMP by us or other organizations, or those who have finished the repayment in the last three years
  • Client who has steadily repaying for 18 months or longer through individual rehabilitation decision from the court or those who have finished the repayment in the last three years
    • We might refuse your request for a loan if you …
  • cannot afford to repay the loan through your income or other means of earnings
  • have a delinquency information registered on your credit report
  • have an excessive amount of assets

The Use of Loans

Individual Workout
Type of Loans The Use of Loans
Life Stabilization Loan
  • Financial help to meet the expenses of an emergency such as accident, illness, and disaster
    • i.e., medical expenses, natural disaster relief expenses, marriage expenses, expense of guarantee deposit on lease, etc.
Education fund
  • College Education fund for you or your family dependents
Micro loan for refinancing high-interest rate loan
  • Loan to repay high interest-rate loans that were taken out at least 6 months prior to the date of the application for this new loan
Facilities Renovation Loan
  • Loan for small business owners to purchase and improve their business fixtures, equipments, and facilities
Operation fund working capital fund(loan)
  • Funds for small business owners to purchase raw materials