Okinawa Development Finance Corporation (ODFC), Okinawa Shinkō Kaihatsu Kin'yū Kōko (沖縄振興開発金融公庫), is a Policy-based financial services institution. ODFC's headquarters are located in Tokyo, Japan.[1]
Overview
The ODFC's key role is to promote the development of industries in Okinawa. This is through the provision of long-term loans and other financial facilities to small and medium-sized entrepreneurs in the island that are in the agriculture, housing, forestry, fishery and medical industries.[2] The ODFC will also finance citizens who have met difficulties obtaining funding from private financial institutions. Through such financial assistance, the ODFC aims to vitalize the local economy of Okinawa and aid in the development of the local society.[3]
History
The Okinawa Development Finance Corporation was established on 15 May 1972 with the passing of the Okinawa Development Finance Corporation Law.[2]