Page 45 - 2018 OUTLINE OF THE MINISTRY OF THE INTERIOR REPUBLIC OF CHINA

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Cooperative & Civil Associations

2. Credit Unions

A Credit Union is a private grassroots financial organization, which itself is a non-profit juridical

person, composed of natural persons and non-profit juridical persons. The purpose is to encourage
saving, and by raising funds, give loans to members in need with a reasonable interest rate to solve
their basic living demands. A credit union encourages the members to improve their social and
economic situation by continuously advocating the concept of saving and spending money wisely.
These actions greatly reduce the hazards of underground banks and loan sharks. The highlights of

the MOI's work include:

(1) Counseling cadre trainings by district: 33 training sessions with 3,562 participants in 2017.

(2) Supporting the International Credit Union Day: The activities were held in 15 areas with 3,219
participants in 2017.

(3) The "Mutual Support and Empowerment on Savings: Volksbank Experimental Project" continued
to be implemented, so as to support disadvantaged people who are willing to work and help them

find needed financing sources with dignity to improve their life or allow them to get out of poverty.
In 2017, guidance was provided to 106 families, and 8 sessions of presentations and empowerment
development seminars/events were held, which attracted 104 attendees.

▲ The ceremony of charity contribution award and excellent staff awards

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