Changwon City-Gyeongnam Bank, Emergency Loans to 800 Small Business Owners

Changwon Mayor Heo Seong-mu (right in the photo) and BNK Gyeongnam Bank President Hwang Yoon-chul are conducting on-site loan consultations for emergency management funds for small business owners on the 21st. (Photo by Changwon City Hall)

[Asia Economy Yeongnam Reporting Headquarters Reporter Kang Sharon] Changwon City in Gyeongnam, together with BNK Gyeongnam Bank, launched emergency management fund loans on the 21st to help small business owners struggling due to the novel coronavirus infection (COVID-19).

Changwon City and Gyeongnam Bank conducted on-site loans at the city hall electric vehicle parking lot on the same day, targeting low-credit small business owners who have difficulty receiving government fund support. Mayor Heo Seong-mu of Changwon and Hwang Yoon-chul, president of Gyeongnam Bank, also participated in loan consultations.

A BNK Gyeongnam Bank official stated, "We lent emergency management funds to 800 people at an annual interest rate of 3.95%, up to a maximum of 5 million won."

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