Products Related to Social Issues
We have long cared for the needs of disadvantaged groups and social enterprises. Through the core businesses of subsidiaries, we devote to provide sustainable financial assistance. In recent years, in combination with the opportunities raised from emerging risk, we have continued to develop various products and services related to social welfare in order to create maximum social benefits and give back to society.
In 2018, KGI Bank launched “Giving You A Hand,” a micro personal loan project, to support young or skilled people to start their own businesses. The project targets proprietors with professional licenses, low-income households, and sponsors of crowdfunding platforms and grants loans at preferential rates to help them manage their business stably. The offer rate of “Giving You A Hand” is lower than the going rates of mortgages to encourage young people and start-ups to receive credit through legal financial channels. In 2019, about 684 people applied for the project, and about 462 were approved with a 68% approval rate.
In addition, KGI SITE has rolled out products that mainly invest in hospitals, and medical equipment, consumables and long-term nursing sectors, to help related industries develop, consequently improve the living and health-care quality for senior people in light of population aging and increasing numbers of chronic disease patients worldwide.
In 2019, assets under the management of Silver Age Fund and KGI Hospital, and Long-term Care Industry Fund reached NT$1,952,700 and NT$4,975,200, respectively, and KGI Bank's sales of these two funds amounted to NT$7 million.