Signing of the 'Small Business Hope Sharing Win-Win Finance Business Agreement'
BNK Kyongnam Bank announced on April 21 that it has signed the 'Small Business Hope Sharing Win-Win Finance Business Agreement' with Changwon Special City.
The Small Business Hope Sharing Win-Win Finance program was established to provide financial support to local small business owners struggling with declining sales due to the economic downturn, and to contribute to revitalizing the local economy.
BNK Kyongnam Bank plans to operate the Small Business Hope Sharing Win-Win Finance fund at a scale of 33.5 billion won this year, increasing the limit by 3.5 billion won compared to last year.
Under the business agreement with Changwon Special City, BNK Kyongnam Bank will provide unsecured and non-guaranteed low-interest loans of up to 20 million won per person to individual business owners (with annual income of 40 million won or less) based in Changwon, within a total limit of 5 billion won.
The repayment method is installment repayment within five years, with no early repayment fee.
Small business owners in Changwon who wish to apply for a credit loan can inquire in advance and then visit a BNK Kyongnam Bank branch located in Changwon.
Heo Jonggu, Deputy President of Changwon Business Group at BNK Kyongnam Bank, stated, "We hope that the Small Business Hope Sharing Win-Win Finance program will bring hope to local small business owners who are struggling due to the economic downturn. As a leading financial institution in the region, BNK Kyongnam Bank will continue to introduce win-win finance measures to support local small business owners and SMEs."
Meanwhile, the signing ceremony for the 'Small Business Hope Sharing Win-Win Finance Business Agreement' was held at Changwon City Hall, attended by Heo Jonggu, Deputy President of BNK Kyongnam Bank, and Jang Geumyong, First Vice Mayor of Changwon Special City.
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