The executive directors of the World Bank announce a Financial Intermediary Loan to support Chinese microentrepreneurs. The funding goals include expanding credit flows to small and micro enterprises (SMEs) on a mass-market and commercially sustainable basis, according to the World Bank’s project description. The loan is made by International Bank for Reconstruction and Development (IBRD), a lending arm of the World Bank Group focusing on middle income and credit-worthy poor countries. The loan has a grace period of four years and a maturity of seventeen years.
Continue reading “MICROCAPITAL STORY: The World Bank Group’s International Bank for Reconstruction and Development (IBRD) Loans USD 100 Million to the Chinese Ministry of Finance to Support Microfinance”
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