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Estimated Total Budget Pending (Project budget includes all project-funded activities)
Last Updated Date
Feb 3, 2022
Project Estimated Start Date
Apr 1, 2019
Project Estimated End Date
Project Estimated End Date Pending
Project Description
The Advisory Service project aims to support Simple Credit Micro-Lending Co., Ltd to develop digital lending solutions for agri-MSMEs/farmers. The digital lending solutions combine financial technologies with agricultural data analytics and IFC agri-lending scoring methodologies to help lower costs and improve efficiency and objectivity of the decision process for providing financial services to the agricultural sector and enhance financial inclusion in rural China.
Development Results
The development objective of this project is to enhance access to finance for un(der)served agri-MSMEs/farmers in the sector, by supporting Simple Credit to develop digital driven agri-lending solutions. The digital lending solutions combine financial technologies with agricultural data analytics and agri-lending scoring methodologies to lower down the cost of serving the rural market and improve efficiency and objectivity of credit decision making. This project could provide the much-needed demonstration effect to trigger further private sector interventions in this space.
Development Results Pending
E&S Risks / Impacts and Mitigation
Performance Standard
Description and Potential Impact
Mitigation
Performance
Standard 1: Assessment and Management of Environmental and Social Risks and
Impacts
As part of its Due Diligence, and as mandated by IFC Sustainability Policy, IFC team has screened this project to assess consistency with IFC's Performance standards. Environmental and social risks will be further reviewed throughout the life-cycle of the project.
IFC advice will be provided in a manner consistent with the principles of the relevant Performance Standards. The IFC team will assist the client, as final decision maker, in gaining a good understanding of IFC's Performance Standards, and provide recommendations for appropriate mitigation measures whenever warranted.
Press-Release
Additional Documents
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This Summary of Advisory Services Project Information (ASPI) is prepared by IFC to disclose a factual summary of the main elements of this advisory services project. It may also include findings and recommendations related to environmental and social considerations regarding this project. The purpose of the ASPI is to enhance the transparency of IFC's activities. For any project documentation or data included or attached herein, whether prepared by the project sponsor or otherwise, authorization has been given for public release by the client. IFC considers that this ASPI is of adequate quality for release to the public, but has not necessarily independently verified all of the project information therein. It is distributed within sixty days of project's approval and may be updated periodically afterwards. Total budget and start dates are estimates only. The following ASPI is disclosed in accordance with IFC's Access to Information Policy (AIP) that went into effect on January 1, 2012.
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