30% of Applicants for Gyeonggi Extremely Low Credit Loans Used High-Interest or Illegal Money Lending
A significant portion of applicants for Gyeonggi's low credit loan program are struggling financially, with many having resorted to high-interest and illegal money lending.
Gyeonggi-do reintroduces ultra-low credit loans at 2 million won, 1% interest per year
Gyeonggi-do has improved its ultra-low credit loan scheme and will start accepting applications from the 11th to provide assistance to financially vulnerable residents.