”Borrow for living expenses and take care of the interest”. Hanyang University’s ”Kidari Bank” celebrates its 10th anniversary

Hanyang University has a bank established by college students. Any Hanyang University student can become a bank member and receive a loan for living expenses. There is a deadline for repayment, but you only have to pay the amount of interest you want to pay.

The investment made by Hanyang University students 10 years ago became the bank’s capital. To date, the number of registered members has reached 470, and as of last September, more than 500 loans have been made, with the cumulative loan amount exceeding 150 million won.

The loan limit of this bank, which has a capital of 10 million won, is not large. Kidari Bank handles ‘short fund’ with a limit of 300,000 won and ‘fast fund’ with a limit of 150,000 won. However, even now, 7 to 8 students knock on the bank door every month to receive this ‘small loan.’

https://n.news.naver.com/mnews/article/032/0003406170