Zhonghe Rural Credit Cooperative Project Management Co., Ltd. (hereinafter referred to as "Zhonghe Rural Credit Cooperative") was formerly the Microfinance Department of China Foundation for Poverty Alleviation. Established by China Foundation for Poverty Alleviation at the end of 2008, it is responsible for managing and implementing the wholly-owned establishment, focusing on the management and expansion of microfinance poverty alleviation projects. The company is committed to providing mortgage-free micro-loans to commercial financial institutions for poor people (especially poor women) in rural areas (and cities) who cannot get loan support from formal financial services institutions, and is committed to helping poor and vulnerable groups improve their self-reliance and get rid of poverty.
20 10 Sequoia Capital, IFC Investment and Rural Credit Cooperatives. On 20 16 12, Ant Financial officially announced its strategic investment in Zhonghe Rural Credit Cooperative, which is of great significance to the strategic transformation and development of Zhonghe Rural Credit Cooperative. On October 2018165438+10, Zhonghe Rural Credit Cooperative announced the completion of the 600 million yuan Series C financing, which was led by TPG and followed by Renda Pratt & Whitney.