Posts Tagged ‘Helingeer County’

Standard Chartered Village Bank Offers Unsecured Loans to Farmers

Posted in Inner Mongolia, MF Marketplace on July 9th, 2009 by Yam Ki – Be the first to comment
Standard Chartered Flyer

Standard Chartered Flyer

The hype around Village Banks is finally delivering something real.  Standard Chartered Village Bank in Inner Mongolia made an announcement yesterday that it will offer unsecured credit to farmers.

Established in August 2007 by the CBRC, Village Banks (VB) were seen as the path to bring credit to China’s rural areas.  Like microcredit companies, VBs can only mobilize deposit and make loans within their county of incorporation.  Three foreign banks have established local branches under read more »

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