China, People's Republic of: CD Finance Management Expanding Access to Finance for Farmers and Microentrepreneurs Project

Nonsovereign (Private) Project | 54287-001

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).

Project Details

  • Project Officer
    Huang, Biao
    Private Sector Operations Department
    Request for information
  • Country
    China, People's Republic of
  • Sector
    • Finance
Project Name CD Finance Management Expanding Access to Finance for Farmers and Microentrepreneurs Project
Project Number 54287-001
Borrower/Company CD Finance Management Co., Ltd.
Country China, People's Republic of
Location Nation-wide
Type or Modality of Assistance
4003 Loan Ordinary capital resources USD 40.00 million Committed
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
Project Sponsor(s)
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.
Safeguard Categories
Environment FI-C
Involuntary Resettlement FI-C
Indigenous Peoples FI-C
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.
Indigenous Peoples

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
Concept Clearance -
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.

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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

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Related Publications

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