PROJECT

Projects

Summary of Investment Information

Project Number

40399

Company Name

CHONGQING DUXIAOMAN SMALL LOAN CO., LTD.

Date SPI Disclosed

Dec 8, 2017

Country

China

Region

East Asia and the Pacific

Projected Board Date

Jan 19, 2018

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Dec 12, 2021

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Mar 22, 2018
Signed : Mar 31, 2018
Invested : May 30, 2018

Sector

other

Project Description

The proposed investment entails a syndicated mid-term senior loan facility to Baidu Chongqing Baidu Micro-Loan Company Ltd (“Baidu CQ MCC” or the “Company”). Baidu CQ MCC, wholly owned by Baidu Inc., was established in October 2015 and registered in Chongqing. Since inception, Baidu CQ MCC has been providing tuition financing to students who are admitted to vocational training/educational institutions. With the development of its big data-based credit assessment methodology, Baidu CQ MCC is gradually expanding its business with more diversified product offerings. The proposed senior loan facility will be on-lent to women borrowers of the Company to finance their vocational training and education.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation