PROJECT

Projects

Summary of Proposed Investment

Project Number

25940

Company Name

MicroCred China Limited

Date SPI Disclosed

Mar 16, 2007

Country

China

Industry

Financial Markets

Projected Board Date

Apr 19, 2007

Status

Completed

Sector

Microfinance and Small Business - Non Commercial Banking

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Dec 13, 2007
Signed : Dec 15, 2007
Invested : Dec 8, 2008

Project Description

MicroCred Nanchong is a greenfield microfinance institution (MFI). It will propose a range of products from micro-loans for micro-enterprises to loans for small and medium-sized enterprises (SMEs). It will target local entrepreneurs with limited access to formal financial services in China. It will focus its activities around the city of Nanchong, in the Sichuan province of China.

MicroCred Nanchong will be managed by local and international staff with prior experience in micro and small business lending. It will also be supported by technical assistance from MicroCred S.A. (MicroCred Holding).

Sponsor / Cost / Location

Development Impact