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PRO-PROJET-CFPA
A USD 20m loan allocated to CD Finance, the main Chinese microfinance institution in rural areas, will be exclusively earmarked for access to microcredits for women entrepreneurs in Gansu Province
Client presentation

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.

Project description

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

Project impact

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 12,500 additional microcredits and maintain 9,990 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.

30/09/2020
Date of signature of the project
Sectors
China
Location
Financing tool
16 746 211 Euros
Amount of funding
USD 20m loan
Financing details
CD Finance Management Co Ltd.
Client
CES