Accion Microcredit China's mission is to develop and deliver high-quality microfinance services tailored to the needs of the region’s poor entrepreneurs.
Accion Microcredit China (AMC) officially opened its doors in December of 2009 and since then has been making microloans to local entrepreneurs. While the Chinese economy has seen unprecedented growth in recent years, income inequality between the country’s coastal regions and interior provinces is escalating, with an urban dweller’s income now three times greater than that of his rural counterpart. In Inner Mongolia, 40 percent of the population remains below the poverty line. Microcredit provided by nonprofits such as Accion offers an important avenue of support for the country’s small entrepreneurs.
AMC is the first foreign-funded microcredit company in Inner Mongolia, and only the second foreign-funded microcredit company in China. AMC has been established to test and adapt Accion’s expertise in individual lending methodologies to the unique needs of Chinese microentrepreneurs. It is also the first microfinance institution in which Accion has taken a majority share. Accion currently employs approximately 60 staff, the majority of which are Chinese nationals. This team is currently leading the roll-out of operations through: the creation and implementation of business and work plans; the development of policies and procedures for the offered financial products; the design of training modules; the development of specifications for the underlying management systems and procedures; and assistance in branding and marketing.
Accion Microcredit China
Room 1001, 10th Floor, Wenhua Building, Ha Da Street,
Hongshan District, Chifeng,
Tel: +86 0 476 8807631
Fax: +86 0 476 8807630