Quick Lessons from China Association of Microfinance / CICETE
Posted in Finance Policy, MF Talent on July 2nd, 2009 by Yam Ki – Be the first to commentI had a meeting with a source at the China Association of Microfinance / China International Center for Economic and Technical Exchanges (CICETE) yesterday and learned a few things:
1) Small Loan Company (小额贷款公司) is really Microcredit Company version 2 (小额信贷公司).
Apparently the CBRC never intended for the microcredit company to be completely “credit” base. They wanted them to provide loans with collateral / guarantees; hence the rename and new law. read more »
