Description

In 2004, ADB pioneered the development of a range of privately-owned and commercially sustainable microfinance institutions in the PRC, including MCCs. Despite rapid growth, the MCC market lacks bank wholesale funding for onlending. The facility will be made available to qualified local partner banks for onlending to MCCs. The facility will: (i) develop the bank s capacity to engage in wholesale lending to MCCs; (ii) strengthen MCC financial and institutional capabilities; and (iii) enhance e... Read More

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