China's first dedicated female Internet Financial loan service project launched

The World Bank Group member Institutions International Finance Corporation (IFC), Ant Financial Services Group (ANT) and Goldman Sachs "women's Dream" million female entrepreneurship program launched China's first dedicated female Internet financial loan service project.

It is understood that this service is part of a strategic partnership to help small micro-enterprises and female entrepreneurs improve their financing problems through Internet credit. IFC will be through the "Goldman Sachs" women's dream of "-IFC Female entrepreneur Financing tool" to ant gold clothing under the ant micro-loan to provide 500 million yuan of credit funds earmarked for women entrepreneurs loans. The money will be directed to female users on Ant micro-credit platforms, enabling them to sustain entrepreneurship in the face of difficult access to bank loans.
The data from the Ant service show that on the platform of the Ant micro-loan, the proportion of the women-run shops is slightly higher than that of the men, and the proportion of women's stores is 50.1%.
Ant-King chief executive Pengley says Chinese women are critical to China's economic growth. They are passionate about things, often trustworthy entrepreneurs. Our platform has created many successful women's entrepreneurial stories, and we hope to be able to provide a wide range of support so that they can further develop their careers.
"Internet technology can simplify lending procedures, making it easier for small micro-businesses to get loans at lower cost." To achieve this goal, the World Bank Group is committed to universal access to financial services 2020 years ago, and the expansion of microfinance will be particularly crucial. "IFC Executive vice president and chief Executive Officer Cai Jinyong said.
The IFC has previously provided Ant-Gold with a credit line of 1 billion trillion yuan to help it expand its microfinance business, which is the first time IFC has invested in China's booming internet finance industry. These two projects are in line with the IFC's mission to promote finance and women's finance in emerging markets. Ant-Gold suits and Goldman Sachs are also committed to supporting the growth of small businesses.
As of the last fiscal year (end of March 2014), Ant micro-loan has accumulated more than 700,000 small micro-enterprises to solve the financing needs, the cumulative amount of loans over 190 billion yuan.