Triodos Microfinance Fund and Triodos Fair Share Fund have provided a loan to Microcred China which operates two microcredit companies in the south-west of China: Microcred Sichuan and Microcred Nanchong.
China is known for its quite restrictive regulatory environment and having the second largest number of unbanked adults, second only to India. Both companies offer a range of credit products to micro, small and medium-sized businesses that face difficulties in accessing credit from the traditional banking system. In addressing this population, Microcred China aims to contribute to improving the lives of its clients and their families, and to contribute to an inclusive financial sector.
Key indicators Microcred China at year-end 2015:
- number of loan clients: 20,619
- percentage female clients: 29%
- percentage rural clients: 38%
- average loan amount: EUR 6,993
- number of savings clients: n.a.
Whoever you are, and wherever you live in the world, you are likely to want permanent access to financial services. Microfinance banks play a crucial role providing access to finance to an increasing number of people living on low-incomes. We finance microfinance institutions because they help to build inclusive financial sectors, where the majority of people have access to financial services, leading to a sustainable basis for balanced social and economic development.