28.02.2018

Gojo completed a $4 million commitment line agreement with Tokyo Star Bank

Gojo & Company, Inc. (“Gojo” or “we”) is pleased to announce that we completed the closing of a $4 million commitment line agreement with The Tokyo Star Bank, Limited (“Tokyo Star Bank”). The fund will be mainly utilized for our Cambodia operations, where the economy is dollarized.

Tokyo Star Bank is a Tokyo-based bank with more than $20 billion total assets and is a wholly owned subsidiary of CTBC Bank Co. Ltd., a Taiwanese bank. Its mission is to provide “Financial Freedom”, allowing the customers to be free from concerns over financial matters. This resonates with Gojo’s mission to provide “Financial Access For All “and thus Tokyo Star Bank and Gojo have started a new relationship that will go a long way to create a tension free financial future of our clients.

This marks the first bank borrowing for Gojo, although our affiliates have many banks and impact investors as lenders. By leveraging the relatively low cost of funding, we wish to expand loan funding from Japanese and Taiwanese financial institutions, so that more resources are available for the financially excluded clients in Gojo’s partner countries.

To make this deal happen, many stakeholders, especially shareholders of the Company supported us a lot, and we are truly grateful for it. We wish your continuous support for us.
The alliance with Tokyo Star Bank takes Gojo a step further towards it’s mission to be the “Private Sector World Bank” providing financial access for everyone in developing countries. Gojo aims to reach out to more than 100 million people in all continents by the end of 2030.

Sincerely yours,
Taejun Shin
Founder, Representative Director, and CEO

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