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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 $975,604,775
Amount of raised Inactive loans $0 $454,250
Number of raised Inactive loans 0 219
Amount of Paying Back Loans $62,875 $147,820,250
Number of Paying Back Loans 24 184,624
Amount of Ended Loans $245,650 $827,330,275
Number of Ended Loans 101 1,040,061
Delinquency Rate 0.00% 8.14%
Amount in Arrears $0 $7,854,198
Outstanding Portfolio $16,861 $96,479,828
Number of Loans Delinquent 0 19,674
Default Rate 0.00% 1.39%
Amount of Ended Loans Defaulted $0 $11,517,921
Number of Ended Loans Defaulted 0 33,035
Currency Exchange Loss Rate 0.00% 0.45%
Amount of Currency Exchange Loss $0 $4,428,499
Refund Rate 0.00% 0.61%
Amount of Refunded Loans $0 $5,970,900
Number of Refunded Loans 0 5,987

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 31.20% 75.40%
Average Loan Size $2,468 $399
Average Individual Loan Size $2,468 $629
Average Group Loan Size $0 $1,760
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $9,800 $5,874
Average Loan Size / GDP per capita (PPP) 25.19% 6.79%
Average Time to Fund a Loan 2.32 days 6.9 days
Average Dollars Raised Per Day Per Loan $1,062.45 $57.76
  Average Loan Term 12.39 months 11.13 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 14 509,580
  Journaling Rate 12.70% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.16

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 26.13% PY
  Profitability (return on assets) -1.9% 0.8% -1.72%
  Average Loan Size (% of per capita income) N/A N/A 16.60%

Country Fast Facts

Field Partner Staff

Daisy Cai
Bianca Le Thanh
Cherry Li
Fajun Wang
JC Zhang