Naver Financial releases a’loan ladder’ to online small business owners (SMEs) who have entered the smart store. In partnership with Woori Bank, it is planning to introduce an unsecured credit loan service for financing to online SMEs who have had difficulty lending in the first financial sector in the first half of this year.
On the 24th, Naver Financial announced that it has signed a business agreement with Woori Bank for’inclusive financial support for small businesses. At the signing ceremony held at Woori Bank’s headquarters in Jung-gu, Seoul, Naver Financial CEO Choi In-hyuk and Woori Bank President Kwon Kwang-seok promised to develop and provide financial products and services for small business financing using both companies’ technology and financial know-how. .
The two companies will first introduce a loan service for SMEs that have entered the Naver Smart Store in the first half of the year. Until then, online SMEs had no collateral or offline stores, so it was difficult to even receive loan counseling in the first financial sector, so most of them were forced to receive loans from the second financial sector or high interest rate loan services. The two companies plan to provide the first financial sector’s first non-collateral credit loan service to online SMEs that are judged to have sufficient repayment capabilities.
With this agreement with Woori Bank, Naver Financial has established a’loan ladder’ for online SMEs. Stable business growth if funding was provided with a relatively low interest rate and high loan limit to a thin filer business operator who had difficulty in self-financing due to lack of financial history through the’Mirae Asset Capital Smart Store Business Loan’ launched in December last year with Mirae Asset Capital. It is now possible to provide funding services for the first financial sector through Woori Bank to businesses in the group.
Woori Bank not only actively provided financial support programs such as secondary preservation loans for small and medium-sized businessmen for SMEs affected by Corona 19, but also made a’inclusive financial agreement’ with major small business associations such as the Korea Food Service Center and the Korea Beauty Society. It has actively supported SMEs such as signing a contract. It is noteworthy that it will create synergy with Naver Financial, which supported the growth of SMEs with financial services based on IT technology such as an alternative credit rating system using non-financial data.
In the future, the two companies plan to explore ways to further expand the number of loan targets using non-financial data.
In-hyuk Choi, CEO of Naver Financial said, “We are pleased to be able to provide funding services for the first financial sector to those who operate stably among SMEs operating in the Naver Smart Store. “We will actively work to grow our business through the synergy of our know-how so that more SMEs can receive funding.”