NACF story : financial business

NACF system, its federation and member cooperatives, is a agricultural cooperative as well as a financial cooperative. This happened when it was established in 1961, Korean government wanted NACF to be a financial resource for farmers, rural communities and agricultural sector and made the Agriculture Bank merged with agricultural cooperative system. NACF financial business have eradicated the usury in rural communities and made farmers be self-help in loans. It becomes one of the largest financial organizations, with a commercial bank and other financial service providers charted to NACF, and cooperative banks to its member cooperatives.