SVS Foundation works with social finance intermediaries to support lending to social economy enterprises by jointly developing social finance-specific products that address blind spots in institutional finance, such as loan programs for non-metropolitan area social economy enterprises and network associations.

We support differentiated loans that reflect the needs of intermediaries in terms of loan targets, limits, and uses of funds, and contribute to the expansion of the social finance ecosystem and the growth of various social economy organizations.

Korea Microcredit Joyful Union, our partner for this program, increases access to finance for local social economy actors by setting the mandatory support ratio for social economy enterprises in non-metropolitan areas at 50%, and as of the end of December 2022, there were 41 enterprises used the loans and among them, 23 are working in non-metropolitan areas (56.1%).