IFC said to mull $50m loan for Chinese micro-lender Simple Credit

IFC said to mull $50m loan for Chinese micro-lender Simple Credit

Photo by Vidar Nordli-Mathisen on Unsplash

International Finance Corporation (IFC), a member of the World Bank Group, is considering a proposal to extend a loan of 350 million yuan ($50 million) to Chinese microfinance company Simple Credit Micro-Lending Co., Ltd.

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