Minsheng Edu (IFC-38573)

  • China
Geographic location where the impacts of the investment may be experienced.
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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Voting Date
Jan 6, 2017
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Construction
  • Education and Health
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 100.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 300.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Other Related Projects
Primary Source

Original disclosure @ IFC website

Updated in EWS Nov 29, 2017

Disclosed by Bank Mar 22, 2017

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.
Minsheng Education Group Company Limited (together with its subsidiaries, “the company”) is a privately owned higher education provider in China offering undergraduate programs and vocational education through four schools (three of which are located in the Greater Chongqing area; and the remaining one school is located in the Inner Mongolia Autonomous Region). Its largest school in Chongqing has been in operation for over 10 years. As of October 31, 2016, there were over 18,750 students enrolled at the school. As of November 30, 2016, the school occupied 20 parcels of land with over 1,000,000 sq. m. of gross site area and 164 buildings with over 400,000 sq. m. of gross floor area. The school is located in a peri-urban outskirt area of the municipality. Another school of the company, also in Chongqing, is located in a densely populated urban setting, which had close to 10,000 students under enrollment as of October 31, 2016. The campus consisted of eight parcels of land with a gross site area of approximately 306,200 sq. m. and 22 buildings with a gross floor area of approximately 141,860 sq. m. as of November 30, 2016. The school acquired a new parcel of land in August 2016, which will be used to construct additional educational facilities. The remaining two schools the company operates are smaller-scale vocational colleges located in urban areas in their respective locations. The company plans to acquire existing schools and set up new schools across China and to operate them. IFC is looking at an equity investment of US$30 million in the company.
Investment Description
Here you can find a list of individual development financial institutions that finance the project.
IFC has approved a loan of US$70 million and an equity investment of $30 million.

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.
ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/

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