“Many disadvantaged persons in our society with an urgent need for cash find it difficult to obtain bank loans or to receive such loans on relatively favorable terms, and this ends up causing them even bigger problems. To help such persons through difficult times, O–Bank launched the Social Impact Program in late 2020. O–Bank is inviting customers to open time deposit accounts under the Social Impact Program, and the funds deposited in these special accounts are used solely for the specific purpose of backing microloans that will be provided with no service charges and at low interest rates to help economically disadvantaged persons deal with financial emergencies. O–Bank intends to take advantage of its banking expertise and tap into the power of its customers to arrange for funds from the exact same sources as before to have an impact unlike that of before.
To review the outcomes of our Social Impact Program, O–Bank has adopted Social Return on Investment (SROI) methodology as a Social Impact Program evaluation tool, and to prepare a report. The period covered by this report (which is categorized as an SROI evaluation report) spans from 1 December 2020 to 30 November 2021.”