From 2010 through 2017, the city of Fushun, in northeastern China, invested CNY 2.8 billion (USD 406 million) in a subsidized microcredit program for agriculture, reaching 57,000 female entrepreneurs, primarily those whose husbands live elsewhere for work. The women’s businesses include greenhouses as well as drying and storage facilities for mushrooms and medicinal herbs. Details such as the terms of the loans have not been released.
The Fushun Women’s Federation, a chapter of the All-China Women’s Federation, provided technical assistance to the effort. The All-China Women’s Federation is an NGO associated with the Communist Party of China.
By Sascha Strobl, Research Associate
Sources and Additional Resources:
All-China Women’s Federation press release:
http://www.womenofchina.cn/womenofchina/html1/news/action/1705/3818-1.htm
All-China Women’s Federation home page:
http://www.womenofchina.cn/
Do you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/.
Similar Posts:
- MICROCAPITAL BRIEF: Investors Buy $173m in Equity in Fusion Microfinance of India; IPO Allows Exits by Early Shareholders, Promoters
- MICROCAPITAL BRIEF: AgCelerant, Bank of Africa, IFC to Support Rice Value Chains in Senegal with Access to Loans, Insurance, Tools, Inputs
- MICROCAPITAL BRIEF: MLF Malawi Partnering with ADA, Grameen Credit Agricole to Develop Digital Finance for Women Farmers
- SPECIAL REPORT: Increasing Financial Access for Women with Better Data, Mentoring, Staff Training, “Gender-smart” Audits
- MICROCAPITAL BRIEF: ABI to Leverage $69m from EIB to Boost SME, Mid-cap Financing in West Africa – Focusing on Women, Youth
