Xiaomi MCC Loan (IFC-40334)

  • China
Where the impacts of the investment may be experienced.
Specific Location
Chongqing City, China
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Bank Risk Rating
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Dec 7, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Advisory Services, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 120.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 120.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Jan 10, 2020

Disclosed by Bank Sep 20, 2018

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Project Description

The investment entails a senior loan to Chongqing Xiaomi Microfinance Co., Ltd. (“Xiaomi MCC”, or the “Company”). Xiaomi MCC, wholly owned by Xiaomi Corporation, was established in June 2015.

Xiaomi MCC provides consumer loans and installment loans using its big data-based credit assessment methodology. Along with its new retail strategy, Xiaomi MCC is expanding its product offering to micro, small, and medium enterprises (“MSMEs”). The proposed senior loan will be on-lent to MSMEs in low tier cities and counties to support their business operation.

Moreover, the advisory services proposed to Xiaomi MCC including (i) promoting digital MSMEs lending in domestic market; and iii) entering oversea emerging markets and sharing digital financial inclusion business cases.         
Investment Description
  • International Finance Corporation (IFC)

Xiaomi MCC is registered in Chongqing, China, and provides loans to borrowers throughout the country. The IFC Loan will be used for on-lending to MSMEs located in low tier cities and counties to support their business operation.

Private Actors
Private Actors Description

Xiaomi MCC is indirectly wholly owned by Xiaomi Corporation, through Xiaomi Finance Inc. and Xiaomi Finance HK Limited. Founded by Mr. Lei Jun in 2010, Xiaomi Corporation is a mobile internet company developing smartphones and smart hardware/devices and providing internet services. Xiaomi Corporation was listed in HK Stock Exchange on July 9, 2018.

Contact Information

1/ The Project Contact

Chongqing Xiaomi Microfinance Co., Ltd. 
Ms. Yuru Yang 
Business Manager 

2/The IFC Contact

General IFC Inquiries
IFC Communications
2121 Pennsylvania Avenue, NW
Washington DC 20433
Telephone: 202-473-3800
Fax: 202-974-4384


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