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.
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.
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.
1/ Project Contact
CFPA Microfinance Management Co., Ltd.
Contact: Mr. Dongwen Liu
Phone number: +86-10-88578681
Address: 18th Floor, Building A, Huangcheng International Center,
138th St. Andingmenwai, Dongcheng District, Beijing, China
2/ The IFC Contact
General IFC Inquiries
Address: 2121 Pennsylvania Avenue, NW
Washington DC 20433
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