Portfolio

Funding Social Enterprises
Loan to Nanum Housing
  • Types
    loan
  • Investment Period
    Oct. 2022~May 2023 (8 Months)
  • Amount pledged
    100 mil. KRW
  • Fund size
    110 mil. KRW
  • Investment Partners
    Korea Social Housing Association

In order to provide funds for purchase contract social housing that can be linked to digital employment and startup education for young people, the Korea Social Housing Association provided construction funds to Nanum Housing, a social economy company that conducts LH-themed purchase and lease projects through the Korea Social Housing Association.

SVS contributed to business stability and social housing revitalization by providing short-term bridge funding to social housing operators (social economic enterprises) participating in the purchase contract type social housing project.

‘Eskis Gasan’, built and operated by Nanum Housing, provided 181 units of urban housing with digital employment and startup training for vulnerable young adults earning 120% or less of the average monthly income of urban workers.

In order to enhance the credibility and accountability of the project, SVS decided to match the self-help funds of social finance intermediaries when they refinance their loans. In December 2022, SVS and the Korea Social Housing Association matched KRW 100 million and KRW 10 million, respectively, for a total of KRW 110 million.