TCL Microfinance Company Using Digital MSME solutions to support SDGs
Innovation introduced in 2019
Institutions that have implemented the product/service: TCL Microfinance Company
MSMEs served: The major cities of China such as Guangzhou, Shanghai etc.
PDFChallenges
TCL Microfinance Company Using Digital MSME solutions to support SDGsPrimary target
Which group does your product/service primarily target?
Risk Management
SMEs
Description of Innovation
TCL Microfinance Company Using Digital MSME solutions to support SDGs TCL Microfinance Company is a subsidiary of TCL Financial Services, Funded in October 2016 with a registered capital of 1 billion RMB .Results
TCL Microfinance Company has invested a total of 33.7 billion RMB on 54000 SMEs since established. Among them, it has provided credit funds of 280 million RMB to 2048 agricultural producers and managers,which make a contribution to increasing farmers' income and rural revitalization. Meanwhile, it has serving 16200 female clients with aloan amount of 8.4 billion RMB to help them start and build businesses.In the future, TCL Microfinance Company will continue to supporting SMEs by utilizing the intelligent risk control and online service system accumulated over the years. We also strive to achieve high quality development of the enterprise, focusing on creating enterprise characteristics of "inclusive, technological, green, and beneficial to farmers".