China, People's Republic of: CD Finance Management Expanding Access to Finance for Farmers and Microentrepreneurs Project
The transaction involves a loan of up to $40,000,000 (or its yuan equivalent) to CD Finance Management Co., Ltd. (CFM) for the Expanding Access to Finance for Farmers and Microentrepreneurs Project in the People's Republic of China (PRC).
Private Sector Operations Department
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China, People's Republic of
|Project Name||CD Finance Management Expanding Access to Finance for Farmers and Microentrepreneurs Project|
|Borrower / Company||CD Finance Management Co., Ltd.
|Country / Economy||China, People's Republic of
|Type or Modality of Assistance||
|Strategic Agendas||Inclusive economic growth
|Drivers of Change||Private sector development
|Sector / Subsector||
Finance / Small and medium enterprise finance and leasing
|Gender Equity and Mainstreaming||Effective gender mainstreaming|
|Responsible ADB Department||Private Sector Operations Department|
|Responsible ADB Division||Portfolio Management Division, PSOD|
|Responsible ADB Officer||Huang, Biao|
|Description||The transaction involves a loan of up to $40,000,000 (or its yuan equivalent) to CD Finance Management Co., Ltd. (CFM) for the Expanding Access to Finance for Farmers and Microentrepreneurs Project in the People's Republic of China (PRC).|
|Objectives and Scope||The project entails the Asian Development Bank (ADB) providing longer-tenor financing to CFM to support the company's lending operations to farmers and micro entrepreneurs in PRC's rural counties. The proposed loan will help expand the availability of microcredit to the underserved segments, including women borrowers, and support rural economic development.|
|Linkage to Country/Regional Strategy||The project is consistent with ADB's country partnership strategy, 2016-2020 for the PRC, and ADB's country operations business plan, 2019-2021 for the PRC, which prioritize promoting inclusive economic growth, reducing poverty and inequality, developing small and medium-sized enterprises, and supporting private sector development by easing access to finance.|
|Summary of Environmental and Social Aspects|
|Environmental Aspects||The loan will fund CFM's microfinance operations with loans averaging CNY27,080. Most sub-loans will be provided to rural households for agribusiness (e.g., livestock, fish, and crop farming); and microenterprises related to trade, handicraft making, and services. The sub-loans under the ADB loan are expected to have minimal environmental and social impacts.|
|Involuntary Resettlement||There are no expected Involuntary Resettlement impacts. CFM has an existing environmental and social management policy that defines procedures and institutional arrangements to identify, mitigate and address social and environmental impacts. With respect to the environmental and social management system arrangement, the sub-loans will comply with ADB's Prohibited Investment Activity List, applicable national laws and regulations, and exclude Category A and B projects on involuntary resettlement as defined in ADB's SPS 2009.|
There are no expected Indigenous Peoples impacts. CFM has existing environmental and social management policies that define procedures and institutional arrangements at corporate and project level to identify, mitigate and address social and environmental impacts. The sub-loans will comply with ADB's Prohibited Investment Activity List, applicable national laws and regulations, and exclude Category A and B projects on
Indigenous Peoples as defined in ADB's SPS 2009.
|Stakeholder Communication, Participation, and Consultation||CFM's environmental and social management system includes provisions and procedures for stakeholder engagement, community consultation and grievance resolution.|
|Timetable for assistance design, processing and implementation|
|Credit Committee Meeting||01 Oct 2020|
|Approval||18 Nov 2020|
|Last PDS Update||23 Aug 2021|
Project Data Sheets (PDS) contain summary information on the project or program. Because the PDS is a work in progress, some information may not be included in its initial version but will be added as it becomes available. Information about proposed projects is tentative and indicative.
The Access to Information Policy (AIP) recognizes that transparency and accountability are essential to development effectiveness. It establishes the disclosure requirements for documents and information ADB produces or requires to be produced.
The Accountability Mechanism provides a forum where people adversely affected by ADB-assisted projects can voice and seek solutions to their problems and report alleged noncompliance of ADB's operational policies and procedures.
In preparing any country program or strategy, financing any project, or by making any designation of, or reference to, a particular territory or geographic area in this document, the Asian Development Bank does not intend to make any judgments as to the legal or other status of any territory or area.
|Title||Document Type||Document Date|
|CD Finance Management Expanding Access to Finance for Farmers and Microentrepreneurs Project: Report and Recommendation of the President||Reports and Recommendations of the President||Oct 2020|
|CD Finance Management Expanding Access to Finance for Farmers and Microentrepreneurs Project: Gender Action Plan||Gender Action Plans||Oct 2020|
|Expanding Access to Finance for Farmers and Micro Entrepreneurs Project: Initial Poverty and Social Analysis||Initial Poverty and Social Analysis||Sep 2020|
Safeguard Documents See also: Safeguards
Safeguard documents provided at the time of project/facility approval may also be found in the list of linked documents provided with the Report and Recommendation of the President.
None currently available.
Evaluation Documents See also: Independent Evaluation
None currently available.
None currently available.
The Access to Information Policy (AIP) establishes the disclosure requirements for documents and information ADB produces or requires to be produced in its operations to facilitate stakeholder participation in ADB's decision-making. For more information, refer to the Safeguard Policy Statement, Operations Manual F1, and Operations Manual L3.
Requests for information may also be directed to the InfoUnit.
ADB, CD Finance Sign Loan to Support Rural Microcredit for Farmers, Entrepreneurs, and Women BorrowersThe Asian Development Bank (ADB) and CD Finance Management Co., Ltd. (CD Finance) held a virtual signing ceremony for a $40 million (in yuan equivalent) loan to finance microloans to improve the livelihoods of farmers, microentrepreneurs...