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  1. Business - China Business

    Microcredit firm moves into online P2P lending

    Posted Feb 17th 2014, 04:47am by JANE CAI

    ... Jane Cai in Wujiang, Jiangsu xuejun.cai@scmp.com China Commercial Credit first among industry rivals to venture intosector Microcredit firm moves into online P2P lending China Commercial Credit, the only mainland microcredit firm listed in the United States, will become the first such company to venture into peer-to-peer (P2P) lending as part of moves to expand beyond its base ...

  2. News - China - DEVELOPMENT

    Microcredit schemes struggling to aid China's rural poor

    Posted Dec 10th 2012, 12:00am by MANDY ZUO

    ... Mandy Zuo mandy.zuo@scmp.com Providing small loans to help reduce poverty has been widely successful globally, but various problems hamper similar moves on the mainland Microcredit schemes struggle to aid rural poor The first investments by a long-awaited fund dedicated to helping the poor through financial services has helped shed light on the huge hurdles still facing microcredit ...

  3. Comment - Insight & Opinion

    Microcredit boom on mainland set to stay

    Posted Oct 01st 2012, 12:00am by GREG AU-YEUNG

    ... of interest rates, which has resulted in banks deserting this market. Subsequently, new operators have arisen to fill the space, including microcredit and guarantee companies, peer-to-peer lenders, ... are mortgages, it is clear that the growth potential is colossal. Among 4,600 microcredit companies in operation, the total outstanding loan is around 500 billion yuan. Microcredit companies fall under ...

  4. From big bank to microcredit firm

    Posted Aug 28th 2011, 12:00am

    ... to take a job at an unknown microcredit company in a rural district of Guangzhou, to offer people small loans, which many larger lenders shy away from. Two months in, Zhang, 48, talks frankly ... provide loans to the clients who are lining up. Our company is now staffed with 50 people, compared with an average of six or seven in most microcredit loan institutions. However, unlike those ...

  5. Microcredit still sowing the seeds of success

    Posted Dec 21st 2010, 12:00am by Jonathan Power

    ... Recently, I went to bed feeling like a frozen corpse. I was up in the Himalayas, not dressed for the occasion. Fortunately, the little hotel in which I lodged provided its guests with duvets almost half a metre thick. Once awake in the morning, all was fo ...

  6. I recently heard the term 'microcredit'.

    Posted Nov 05th 2006, 12:00am by Staff Reporter

    ... Tim Bryan FYI: I recently heard the term 'microcredit'. What is it? Microcredit is the extremely successful financial practice of lending money to those who need it most- the poor and destitute. It's mantra commands that those who own nothing have most to gain from being given something: usually a small loan over short repayment periods. The Microcredit Summit ...

  7. Officials show cautious interest in Grameen's lending model

    Posted Oct 31st 2006, 12:00am by Josephine Ma

    ... to the development of microcredit projects in China, but the mainland is still taking a cautious approach to the experiment. The microcredit concept and the Grameen Bank model is not new to China, with Jiao Jinpu, deputy director of the People's Bank of China's research bureau, telling a conference that about 300 institutions had been operating different variations of microcredit projects- ...

  8. Father of micro-credit calls Beijing to account

    Posted Oct 23rd 2006, 12:00am by Josephine Ma

    ... called for the mainland to allow micro-credit institutions to take deposits and described a recent experiment to develop China's version of Grameen Bank as 'cutting one leg off before ... taken by the government including the establishment of seven private micro-credit companies since late last year. However, these companies are only given the mandate to extend loans ...

  9. Microcredit provides poverty lifeline

    Posted Oct 31st 2006, 12:00am by Josephine Ma

    ... as a site for Project Happiness, a microcredit programme backed by the State Family Planning and Population Commission to help poor mothers, and she got the loans she desperately needed to keep ... an enviable amount in her village. Cai Shumei, a resident of the same village, said she too would borrow only through microcredit loans. 'I don't have to treat people [local cadres] ...

  10. Shapur Savar's ladies beat poverty with microcredit

    Posted Oct 16th 2006, 12:00am by Nick Meo

    ... the first Grameen Bank representative turned up at their rice-growing community near the capital Dhaka offering microcredit, Shapur Savar was dirt poor. The diet was little more than rice, ...




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