BNP Paribas grants its first microfinance loan in China - BNP Paribas China
BNP Paribas in China News & Press
  • Press Contact

    Jackie Wang
    China Brand & Communications
    Tel:+86 (21)2896 2888
     
    Please note that our press office is only available for media enquiries. For general contact details, please see our contact page.
February 2, 2012 -

BNP Paribas grants its first microfinance loan in China

Forward to a friendForward to a friend PrintPrint

BNP Paribas China, in association with the Microfinance activity at BNP Paribas, has granted a €1.8 million loan to MicroCredNanchong, a microfinance institution in the PlaNetFinance Group. This loan was granted in local currency to protect the institution against currency risk.

The average amount of MicroCredNanchong’s microloans represents 60% of GDP per capita and the minimum amount is $300. Before granting loans to its 7,000 customers, who are largely from the agriculture or forestry sectors or small businesses, MicroCredNanchong takes into account the environmental impact of the activities.

This new loan reflects the bank’s strong commitment to fighting social exclusion worldwide.