Up to 50 Million KRW Loan for Companies Realizing Public Value in Local Communities and Building Social Economy Ecosystems... Seongdong-gu Supports Growth of Social Economy Organizations with Loans Worth 2.3 Billion KRW to 41 Companies Since 2017
Seongdong-gu, Seoul (Mayor Jeong Wono) is recruiting companies to participate in the Social Economy Activation Fund loan to support the growth of social economy organizations until December 1.
This loan support aims to stabilize the management of social economy enterprises that realize public value in the local community, with a total scale of 250 million KRW.
The applicants are social enterprises and (social) cooperatives, social venture companies, village enterprises, and self-support enterprises located in Seongdong-gu. After receiving applications, the district comprehensively evaluates each company's management status and financial structure, and provides loans of up to 50 million KRW per company with an interest rate of 3%.
Details on loan applications can be found on the Seongdong-gu Office website, and inquiries can be made by calling the Seongdong-gu Job Policy Division.
Since 2017, Seongdong-gu has utilized the Social Economy Activation Fund to discover social economy enterprises with high growth potential but marginalized in the financial market, providing loans worth approximately 2.3 billion KRW to a total of 41 companies to date.
Jeong Wono, Mayor of Seongdong-gu, said, “Through this loan support, we hope social economy enterprises take this as an opportunity for growth and expansion to solve social problems and improve the quality of life for district residents.”
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