Case Study of Impact Investing in China: CD Finance

Finance Center for South-South Cooperation

A chapter in Impact Investing, 2023, pp 65-98 from Springer

Abstract: Abstract Since 2005, CD Finance has become the leading microcredit company continuously driven by the mission to address poverty alleviation and village vitalization issues through a commercial approach. By the end of 2020, CD Finance had accumulatively disbursed over RMB 74 billion Yuan loans to millions of low and mid-income customers in rural China who otherwise did not have access to formal loans. To better serve rural households and businesses, its services have expanded beyond microcredit to a package of comprehensive services, including agricultural input supply, agricultural product procurement, and agricultural technical assistance. CD Finance has helped millions of rural people at the bottom of the pyramid increase income, weather shocks, pursue opportunities, and live a better life. In China’s microfinance industry, where many players are driven purely by commercial profits and deviate from serving microentrepreneurs, CD Finance is a rare example that keeps mission firmly in mind and pursues long-term value instead of short-term profit. The concern for rural customers is a part of the company’s DNA.

Date: 2023
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-99-4935-9_4

Ordering information: This item can be ordered from
http://www.springer.com/9789819949359

DOI: 10.1007/978-981-99-4935-9_4

Access Statistics for this chapter

More chapters in Springer Books from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().