CFPA MFI Gansu Revitalization and Innovation Loan (IFC-41879)

Countries
  • China
Where the impacts of the investment may be experienced.
Specific Location
Gansu Province
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
Proposed
Bank Risk Rating
FI
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
May 31, 2019
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.
Borrower
CFPA MICROFINANCE MANAGEMENT CO., LTD.
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 80.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 80.00 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)
$ 80.00 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 Mar 20, 2019

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Project Description

According to the bank document, IFC proposes to provide a long-term debt funding of US$80 million equivalent (including US$50 million equivalent from IFC’s own account and US$30 million equivalent from syndication participants) with tenor up to 5-year to China Foundation for Poverty Alleviation (CFPA) Microfinance Management Co., Ltd (“CFPA MF”).

The debt funding targets to help expand CFPA MF’s lending to women micro-borrowers to support the growth of the cultural, tourism, and creative service industries in Gansu Province.

Investment Description
  • International Finance Corporation (IFC)

The proposed investment is an up to US$80 million financing package to CFPA MF.

The proposed financing package consists of an A loan (IFC): US$50 million with tenor up to 5-year and a Syndicated Loan US$30 million with tenor up to 5-year, to be provided by other financial institutions.              

Private Actors

CFPA MF was founded by China Foundation for Poverty Alleviation (“CFPA Foundation”) in 2008. The latest shareholding structure of the Company is Ant Financial (34.2%), TPG (19.8%), CFPA Foundation (18.4%), IFC (10.6%), Sequoia Capital (7.6%), Ningbo Renda (5.5%), and High Impact Capital (3.9%).    

CFPA MF is headquartered in Beijing and has the operation in 21 provinces in China. The Project specifically targets to support CFPA MF’s lending activities in Gansu Province, China.          

Contact Information

1/ Project Contact

CFPA Microfinance Management Co., Ltd. 

Contact: Mr. Dongwen Liu 

Position: President 

Phone number: +86-10-88578681 

Email: liudongwen@cfpamf.org.cn 

Address: 18th Floor, Building A, Huangcheng International Center,

138th St. Andingmenwai, Dongcheng District, Beijing, China 

Website: https://www.cdfinance.com.cn/ 

2/ The IFC Contact

General IFC Inquiries

IFC Communications

Address: 2121 Pennsylvania Avenue, NW

Washington DC 20433

Telephone: 202-473-3800

Fax: 202-974-4384

ACCOUNTABILITY MECHANISM OF IFC

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