The Group began its journey in Microfinance in April 2010, establishing Heshan Guomin Small-Sum Loan Co., Ltd in Heshan and serving small to medium enterprises in mainland China. It has since grown into a sizeable microfinance firm in Jiangmen.

 

Over the past decade, Heshan Guomin Small-Sum Loan Co., Ltd has carried out its mission to become a quality private financial services provider with integrity, stability, innovation and a belief in mutually beneficial arrangements. It has nurtured the growth of many small to medium Chinese enterprises and kickstarted the economic development of various agriculture initiatives and farming villages. Heshan Guomin Small-Sum Loan Co., Ltd places strong emphasis on striking a balance between business development and risk management in the interest of earning maximum returns, making a positive social impact and safeguarding its reputation.

 

Heshan Guomin Small-Sum Loan Co., Ltd has provided shoemakers, umbrella manufacturers, hardware companies, timber processing companies, plantations, construction companies and metal traders with loans. Heshan Guomin Small-Sum Loan Co., Ltd works flexibly in line with risk management and innovative risk control measures to provide clients with secure options such as accounts receivable pledging, and credit assignment in addition to traditional pledges. It has also been streamlining its operations, including pre-loan investigations, risk assessments and approval processes to better address the needs and earn the trust of clients.

 

By the end of 2019, the Group had granted some 3,000 loans totalling RMB6 billion and provided numerous small to medium enterprises with timely assistance.