PROJECT

Projects

Summary of Proposed Investment

Project Number

24966

Company Name

ZHONG AN CREDIT

Date SPI Disclosed

Aug 17, 2007

Country

China

Industry

Financial Markets

Projected Board Date

Sep 17, 2007

Status

Completed

Sector

Microfinance and Small Business - Non Commercial Banking

Date Revised SPI Disclosed

Aug 23, 2007

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Nov 20, 2007
Signed : Jan 18, 2008
Invested : May 22, 2008

Project Description

Zhong An Credit is an existing company. It is registered as a venture capital company in Shenzhen, China. Its primary business is to provide micro enterprise- and personal lending. Its main operation is in Shenzhen, although the activities are expected to increase in Hebei and Sichuan province in the near future. The purpose of the project is to support the expansion of Zhong An Credit’s microfinance portfolio in a sustainable way.

Sponsor / Cost / Location

Development Impact