MicroCred Nanchong is one of the pilot microcredit companies established by the People’s Republic of China under the People’s Bank of China (PBOC) initiative to build a new socialist countryside in China.

MicroCred Nanchong provides working capital and investment capital micro-loan, with amounts ranging from 5,000 to 75,000 RMB (500-750 euros). Compared with traditional lenders, MicroCred Nanchong’s product is more targeted to the needs of the microentrepreneurs, with faster service, and simplified procedures.

MicroCred China Limited received the Certificate of Approval from the Sichuan provincial Department of Commerce as well as the Sichuan Administration for Industry and Commerce, creating the first wholly foreign owned MicroCredit company in Nanchong.

As the first wholly foreign owned company in China, MicroCred Nanchong will bring to China the latest microfinance credit methodology and spur the development of the microfinance industry. At the same time, MicroCred Nanchong will aid the development of the Chinese financial market and the new socialist countryside.