The CFPA-Asia meeting was attended by delegates from Australia, China, China Hong Kong, India, Indonesia, Iran, Korea and Malaysia. Stay Up-to-Date! By the end of 2017, CFPA Microfinance had 92% of its customers as farmers, 82% were women, 89% were junior high school and below, and 70% of the customers interviewed had never had loans in other financial institutions.“The initial intention of CFPA Microfinance was to resolve the problem of obtaining loans for middle and low-income people in rural areas. The announcemet that Xian System Sensor Electronics Ltd (a subsidiary of Honeywell) had extended their sponsorship agreement with the CFPA-Asia until 1 December 2022 was warmly received.Through this agreement, Xian System Sensor will continue to assist CFPA-Asia in its work:to reduce the impact of fires and related hazards in countries in the region.the conduct of educational events and other related activities.The agreement was signed by Rob Llewellyn Chairman CFPA-Asia and Qun Li Vice President General Manager Fire Honeywell at the Honeywell China Fire Exhibition Booth .Also attending the signing ceremony were Joe Kwok Executive Committee member CFPA-Asia, Steven Ooi Treasurer CFPA-Asia, He Jun System Sensor and Neil Bibby MDM Publishing. Email Address. CFPA Microfinance Management Co. Ltd. provides finance services for China rural markets. It is managed by TPG Growth, the global growth equity and middle market buyout platform of alternative asset firm TPG.“As one of the few profitable national micro-finance platforms focus on rural populations, we see a strong collinearity between commercial success and impact in CFPA Microfinance, which is fully in line with the Rise Fund’s investment strategy”, said TPG China managing partner Chang Sun.In the context of the rapid development of the Internet, CFPA Microfinance received strategic investment of Ant Financial in 2016.
Wang Xingzui (王行最), the Chairman of CFPA Microfinance, pointed out that since its establishment,CFPA Microfinance has brought well-known investment institutions such as IFC, Sequoia Capital China, High Impact Capital Advisors to China.Teaming with The Rise Fund, the lead investor in this round, CFPA Microfinance has become China’s most influential micro-financial institution, and a veritable “China Impact Investment Benchmark”.The Rise Fund is one of the world’s largest global fund committed to achieving measurable, positive social and environmental outcomes alongside competitive financial returns.
We have reason to expect new shareholders will bring new development opportunities to CFPA Microfinance.
Asia Pacific Fire is the only quarterly journal for the Asia Pacific Fire protection, fire service and emergency management communities. Learn more about our use of cookies: The Confederation of Fire Protection Associations – Asia (CFPA-Asia) met recently during the China Fire 2019 expo. In 1996, the China Foundation for Poverty Alleviation and the World Bank jointly introduced a poverty alleviation project followed the micro-finance model of the Grameen Bank. The Company offers microfinance, insurance, wealth management, electronic commerce, and other services. China Fire Protection Association Treasurer Mr Steven Ooi Malaysian Fire Protection Association Executive committee Mr Joe Kwok China Hong Kong Fire Protection Association Mr Peter Placidus Petrus Indonesian Fire Protection Association Mukesh Shah Fire Protection Association India Director Membership Professor Li Ning China Fire Protection Association Director Conferences Danny Cheah … CFPA Microfinance is undoubtedly the most representative success story in China. The partnership enables CFPA Microfinance to leverage Ant Financial’s big data, cloud computing and risk management technologies for CFPA Microfinance businesses to provide convenient, safe and low cost financial services to farmers and low-income villagers, which greatly improved the institutional resistance.
Since then, it has been taking its advantage of nationwide outlets and widely-accepted brand image to promote the program, and committing to improving the comprehensive development and living conditions of the primary school students in poverty-stricken rural areas.
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On April 26, 2009, China Post, collaborating with CFPA, launched the Care Package Program. 8 years later, the project was transformed into a corporatized operation-CFPA Microfinance, offers micro-finance services to poverty-stricken populations in rural areas. As long as the borrowers have good credit, they can get money from CFPA Microfinance without mortgage or personnel guarantee.After more than 20 years of practice, CFPA Microfinance has covered 307 counties in 21 provinces across China, with 5000 employees; cumulative loans of 37 billion yuan, average loan of 20,000 yuan, and repayment rate of 99%.More than half of the loan capital has been used for breeding industry; more than 5 million rural people have benefited from the micro-finance business.