DEG to extend $14m loan to China's microfinance company Simple Credit

DEG to extend $14m loan to China's microfinance company Simple Credit

Photo: DEG.

DEG, the investment arm of German state-owned development bank KFW, has committed to extend a loan of CNH 100 million ($14 million) to China’s microfinance company Simple Credit Micro-Lending Co., Ltd. (Simple Credit), according to a disclosure.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter