A loan signed with an innovative MFI dedicated exclusively to women in Gansu Province

CD Finance is the largest Chinese microfinance institution (MFI) in rural areas, with over 350,000 active borrowers and 300 branches, mainly in the country’s poorest provinces. While maintaining its rural footprint and mission to fight poverty, for the past few years, CD Finance has been actively involved in the digital transformation by offering digital credit that facilitates access to financing for rural people living in remote areas.

The project involves a USD 20m senior debt with a 5-year maturity

This project is part of the 2X Challenge initiative. This multi-stakeholder initiative aims to support projects that empower women as entrepreneurs, business leaders, employees and consumers of products and services, and increase their participation in the economy. 

This initiative thus contributes to Sustainable Development Goal #5 (Gender Equality).

100% of Proparco’s credit line will be used to develop the loans allocated to women microentrepreneurs in the Gansu region, the 2nd poorest province in China in terms of per capita income. The project will make it possible to grant 4,200 additional microcredits and maintain 1,130 employees over the next 5 years, 40% of whom are women. This operation is part of the 2X Challenge initiative, which aims to support projects that empower women as entrepreneurs, business leaders, employees and consumers of products and services and increase their participation in the economy.