Smile Microcredit Bank passes the 10,000-loan milestone

Home > Business > Industry

print dictionary print

Smile Microcredit Bank passes the 10,000-loan milestone

Smile Microcredit Bank, a low-interest loan provider run by Samsung Group, has provided 10,000 loans since its creation in December 2009, the company said yesterday.

The milestone is a first for a local microcredit bank.

In total, Loans worth 145.9 billion won ($141.3 million) have been made through Smile Microcredit Bank. The bank provides loans at interest rates of 2 percent to 4.5 percent to borrowers unable to get credit from commercial banks

More in Industry

Tesla to increase battery cell purchases from suppliers including LG

Majestic flight

Hyundai Motor is new darling of the stock market

Doosan Tower sells for 800 billion won as financial woes continue

Hyundai E&C wins big rail project contract in Philippines

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now