As the influence of the new coronavirus has made it an issue for companies to raise funds in each country, Asian credit guarantee agencies held meetings and reported that digitization of procedures is important for prompt financing.

A credit guarantee agency is a public institution that helps small and medium-sized enterprises to become a guarantor and easily receive loans when raising funds from banks.



At the conference held online on the 16th, 13 credit guarantee agencies from 10 countries and regions in Asia such as Japan, Taiwan, South Korea, and Malaysia participated in support for SMEs affected by the spread of infection. We talked.



Among them, Japan introduced that a system was set up to reduce the guarantee fee paid by small and medium-sized enterprises under certain conditions, and the number of usage exceeded 20,000 in the seven months until last month. it was done.



In addition, Asian credit guarantee agencies have reported on the digitization of procedures for prompt loan decisions, and in Taiwan, it takes as little as one day to apply for and review guarantees for micro enterprises online. It was introduced that the procedure can be done and that all financial information of small and medium-sized enterprises is digitized and processed in South Korea.



The Japan Federation of National Credit Guarantee Associations is lagging behind in digitizing procedures at regional financial institutions, so we would like to promote the spread by referring to the cases in Asia.