PROJECT

Projects

Summary of Investment Information

Project Number

37869

Company Name

CHONGQING ECONOMIC AND TECHNOLOGICAL DEVELOPMENT ZONE HOUZE SMALL LOAN COMPANY LIMITED

Date SPI Disclosed

Mar 25, 2016

Country

China

Region

East Asia and the Pacific

Projected Board Date

Apr 28, 2016

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 11, 2022

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : May 16, 2016
Signed : May 31, 2016
Invested : Dec 22, 2016

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

Established in 2013 in Chongqing, China and sponsored by Clearwater Capital Partners, LLC (“Clearwater”), Chongqing Economic and Technological Development Zone Houze Small Loan Co.,Ltd (“CHG” or the “Company”) focuses on providing debt financing to privately-owned residential housing developers in frontier regions in China.

The proposed project consists of a RMB denominated senior loan to CHG and potential direct equity investment to the holding company of CHG. The Project represents an IFC effort to support the supply side of private sector led affordable housing in frontier regions in China, by working with an IFC global partner to extend credits to small and medium size local housing developers.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation