The Pyeongtaek Cooperative Social Network Social Cooperative, which consists of 37 social economy organizations in Pyeongtaek City, Gyeonggi Province, has established a self-help fund to provide more flexible social finance for themselves.

SVS provided the matching fund to this self-helf fund of the local SSE actors and provides techinical supports. This fund is deposited with Gyeonggi First Credit Union, a member institution of the Network, and this CU operated the ‘Win-Win Cooperative Loan’ product using the deposits as collateral. The Pyeongtaek Social Economy Community Support Center, local intermediary organization, provides services such as business promotion and financial education.

The members of Pyeongtaek Cooperative Social Network has increased from 37 in 2022 to 54 as of the end of December 2023. The self-help fund of 100 million won was raised by local actors and supported 5 social economy enterprises through their loan program.