CFPA Equity II
Sector: Residential • Location: China
Source: International Finance Corporation (IFC)
The proposed project entails IFC’s additional equity investment of up to RMB160 million (US$25 million equivalent) in CFPA Microfinance Management Co., Ltd. (“CFPA MF”, the “Company”). CFPA MF is a leading microfinance company dedicated to rural finance. IFC is an existing shareholder of the Company and also provided a RMB equivalent US$20 million five year senior loan to CFPA MF. Successfully tra
Project Information FAQ
Project Information
Want to explore the full details? View the full report
Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | completed |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed project entails IFC’s additional equity investment of up to RMB160 million (US$25 million equivalent) in CFPA Microfinance Management Co., Ltd. (“CFPA MF”, the “Company”). CFPA MF is a leading microfinance company dedicated to rural finance. IFC is an existing shareholder of the Company and also provided a RMB equivalent US$20 million five year senior loan to CFPA MF. Successfully transformed from a poverty alleviation project, the Company has experienced substantial growth with geographic expansion to 166 counties in 17 provinces, and with deep outreach to 306,101 active customers. By 2015, the outstanding portfolio of CFPA MF reached RMB2.6 billion (US$400 million), representing a five year CAGR of 46.3%. Given its proven track record and demonstrated development impact, IFC would like to continue to support the Company for future expansion. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |