Kim Sam-ho, Gwangsan District Mayor, Serves as Daily Consultant for Small Business Owners' '1% Hope Loan'

[Asia Economy Honam Reporting Headquarters Reporter Lee Gwan-woo] Kim Sam-ho, mayor of Gwangsan District, took on the role of a one-day counselor for the '1% Hope Loan.'

According to Gwangsan District, Gwangju Metropolitan City, on the 7th, Mayor Kim visited the Gwangsan District Enterprise Doctor Center to introduce the '1% Hope Loan' to small business owners who came, assisted them in filling out the application forms, and issued consultation confirmation letters.

Mayor Kim also listened to the small business owners' plans for utilizing the loan funds, repayment plans, and paid close attention to their voices expressing the difficult situations they faced due to COVID-19.

The '1% Hope Loan' is an economic prescription by the Gwangsan Economic Vaccine Council that lends up to 10 million KRW without collateral or guarantee to small business owners in crisis due to COVID-19, including those with low credit scores.

The fund prepared by the Gwangsan Economic Vaccine Council covers 2% of the interest, and the small business owners bear the remaining 1% interest.

Currently, the fourth round of the '1% Hope Loan' is underway with 3.1 billion KRW provided by five mutual financial institutions in the district.

This content was produced with the assistance of AI translation services.