Social lending
- Service
- 10 municipalities
- Public service
Social lending is intended for people with a low income and limited assets who have no other possibility of obtaining credit on reasonable conditions, for example, due to a payment default entry or the lack of collateral.
Social lending aims to prevent financial exclusion and over-indebtedness as well as to promote independent finance management. It does not affect the possibility of receiving ...
Do the following
To whom and on what terms
- Social lending is intended for people with a low income and limited assets who have no other possibility of obtaining credit on reasonable conditions, for example, due to a payment default entry or the lack of collateral.
- In granting the loan, the applicant’s income and expenses, assets, debts and earning opportunities are taken into account.
- To obtain the loan, you must have the opportunity to repay the loan in the future.
- Social lending is a form of credit that constitutes a part of social welfare and is provided by the social services. Social lending is based on the Act on Social Lending (1133/2002).
- Social lending does not affect the possibility of receiving social assistance.