Posts Tagged ‘Inner Mongolia’

With Schlein, Accion Signals Business Focus

Posted in Inner Mongolia, MF Talent on September 13th, 2009 by Yam Ki – 3 Comments

Two days ago, Accion release a press release that it has selected Michael Schlein as its President and CEO.  Schlien is an excellent choice given his experience at Citi’s International Franchise Management unit.  The appointment signals that Accion is likely going to grow in towards the commercialization path (remembering it’s 100% return on Compartamos Banco).

I noted the mention of China in the PR.  I’ve heard that Accion just hired a new operations person for their Inner Mongolia office, so I expect to see their MF efforts in China to kick back up soon.

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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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