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Microcred China (MC China) is an investment company based in Hong Kong that aims to increase access to financial services among residents living in rural areas of mainland China. MC China was established as an alternative solution for people who were being excluded from borrowing in traditional banks. MC China focuses its loans on rural borrowers and small and medium enterprises (SMEs).

A unique lending approach:

MC China's mission statement is to provide quality financial services that are accessible and adapted to the needs of the individuals who are underserved and unserved by the financial sector, particularly micro, small and medium entrepreneurs.

MC China targets farmers and small entrepreneurs in the Nanchong and Chengdu districts of Sichuan province. Clients in these districts are typically underserved by formal financial institutions due to informal business practices and small loan amount requests.

Funding from Kiva will support MC China to provide loans to SMEs and for women and young adults looking to start their first businesses.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Nov 11, 2014 Oct 12, 2005
Total Loans $308,525 $950,570,550
Amount of raised Inactive loans $0 $367,300
Number of raised Inactive loans 0 244
Amount of Paying Back Loans $89,225 $143,502,175
Number of Paying Back Loans 35 177,163
Amount of Ended Loans $219,300 $806,701,075
Number of Ended Loans 90 1,011,720
Delinquency Rate 0.00% 7.85%
Amount in Arrears $0 $7,363,206
Outstanding Portfolio $31,242 $93,782,084
Number of Loans Delinquent 0 18,319
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,327,296
Number of Ended Loans Defaulted 0 32,592
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $5,912,425
Number of Refunded Loans 0 5,951

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 31.20% 75.25%
Average Loan Size $2,468 $400
Average Individual Loan Size $2,468 $632
Average Group Loan Size $0 $1,766
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $9,800 $5,888
Average Loan Size / GDP per capita (PPP) 25.19% 6.79%
Average Time to Fund a Loan 2.32 days 6.93 days
Average Dollars Raised Per Day Per Loan $1,062.45 $57.67
  Average Loan Term 12.39 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 14 494,959
  Journaling Rate 13.86% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.18

Borrowing Cost Comparison (based on 2015 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 24% APR 13.00% PY 26.03% PY
  Profitability (return on assets) -1.9% 0.8% -0.81%
  Average Loan Size (% of per capita income) N/A N/A 17.16%

Country Fast Facts

Field Partner Staff

Daisy Cai
Bianca Le Thanh
Cherry Li
Fajun Wang
JC Zhang