PROJECT

Projects

Summary of Investment Information

Project Number

44430

Company Name

CHONGHO BRIDGE GROUP LIMITED

Date SPI Disclosed

Nov 6, 2020

Country

China

Region

East Asia and the Pacific

Projected Board Date

Dec 21, 2020

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Jan 17, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Apr 2, 2021
Signed : Jun 25, 2021
Invested : Oct 18, 2021

Sector

Microfinance and Small Business - Non Commercial Banking

Project Description

The proposed investment entails an up to two-year financing package of up to US$60 million equivalent in local currency to CD Finance Management Co., Ltd (“CD Finance”, or the Company, and formerly known as CFPA Microfinance Management Co., Ltd.), a long-standing partner of IFC for more than a decade and the largest rural focused micro credit company (MCC) in China. The debt funding targets to provide working capital to the Company to help it stay resilient and to support its lending to micro and small enterprises (“MSEs”) in rural areas of China that are adversely impacted by the COVID-19 pandemic.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation