She took out a
microloan to start her own business.
她为了创业申请了一笔小额贷款。
The
microloan program has helped many entrepreneurs get off the ground.
这个小额贷款项目帮助许多创业者起步。
He repaid his
microloan ahead of schedule, demonstrating financial responsibility.
他提前偿还了小额贷款，显示出了良好的财务责任感。
Microloans are often used by low-income individuals to invest in their education or skills training.
小额贷款常被低收入人群用于投资教育或技能培训。
The non-profit organization provides
microloans to women in rural areas to support their businesses.
非营利组织为农村地区的女性提供小额贷款以支持她们的生意。
The bank offers special
microloan packages for small farmers to purchase seeds and equipment.
银行为小农户提供了特别的小额贷款套餐，用于购买种子和设备。
With the help of a
microloan, she was able to expand her bakery and hire more employees.
在小额贷款的帮助下，她得以扩大面包店规模并雇佣更多员工。
The
microloan interest rates are typically lower than those of traditional banks.
小额贷款的利率通常比传统银行的要低。
A microfinance institution is responsible for issuing and managing
microloans to its clients.
微金融机构负责向其客户提供并管理小额贷款。
The government has implemented policies to encourage banks to provide more
microloans to underserved communities.
政府实施了政策，鼓励银行向服务不足的社区提供更多的小额贷款。
In comparison, the leverage ratio of an online microloan firm is roughly just one to three times that amount.
"This would hence be a great leap forward for Ant, which has microloan companies in Chongqing that operate its consumer-lending platforms Huabei and Jiebei, which currently operate under microloan licenses," said Cao Lei, e-commerce director at the consultancy Internet Economy Institute.
Online small lending generated a large part of Ant Group's profits, which may no longer be so huge in the future, as China will impose tighter regulations on online small lending offered by microloan companies.
One of the key points of the draft rules is that microloan companies that are authorized to conduct online small lending business are required to provide at least 30 percent of loan funds for each online small loan they offer jointly with partner banks.
This will force microloan companies to cut down their high financial leverages, said Zeng Gang, deputy director-general of the National Institution for Finance and Development.
Under the new rules, however, the two microloan companies of Ant Group will need to replenish capital or reduce the amount of credit, experts said.
The China Banking and Insurance Regulatory Commission and the central bank also released on Monday the drafted regulations on online small lending offered by microloan companies, for which public opinions will be solicited till Dec 2.
China will impose tighter regulations on online small lending offered by microloan companies to prevent risks, ensure legitimate interests of customers, and promote the healthy development of such business.
Regulators aim to standardize online small lending, as microloan companies grew this type of business too fast in recent years, said Dong Ximiao, chief analyst at the Zhongguancun Internet Finance Institute.
Currently, 249 microloan companies are authorized to run online small lending business in China.
"Many microloan companies expanded online small lending quickly all over China, breaking regulatory restrictions that prevent them from doing business across provinces," Dong said.
For a microloan company that runs online small lending business, its balance of financing through issuance of standard credit assets including bonds and asset-backed securities should not exceed four times its net assets, according to the draft interim measures for comments.
"This requirement will significantly affect microloan companies' client base, as borrowers without stable incomes or certificate of income may not receive online small loans from these lenders," said Zeng Gang, deputy director-general of the National Institution for Finance and Development.
The draft rules also require microloan companies to provide at least 30 percent of loan funds for each online small loan they offer jointly with commercial banks.
This will force microloan companies to cut down their financial leverage, experts said.
"Bringing online small lending in the existing regulatory frameworks for banks and consumer finance companies will promote sustainable and sound development of financial consumption by preventing microloan companies from encouraging consumers to spend and borrow too much," Zeng said.
According to Adelaide-based legal firm KHQ Lawyers, WeBank is seeking to trademark the phrase "WeBank" and a series of Chinese characters that can be translated into English as "microloan", according to the report.
To clean up the industry, China's financial regulator on Dec 1 suspended the approval of new online microloan firms as well as new cross-province micro-lending businesses.
The greenlight for fund sales followed the official nod for Tencent to run insurance agent business last October, expanding the company's presence in the financial sector, ranging from payment to wealth management and microloan businesses.
[Photo/Agencies]Central bank halts approvals for new entrants to prevent risksChina's financial regulator on Friday suspended the approval of new online microloan firms as well as new cross-province micro-lending business to clean up the rapidly growing but highly unregulated industry.
However, the trading price of Qudian Inc on NYSE dropped by over 30 percent to $13.85 per share Tuesday, right after the Chinese government issued an urgent notice, suspending regulatory approval of licenses for new internet microloan companies to enter the market, according to financial news and services provider wallstreetcn.
Statics show about 153 internet microloan licenses have been issued to companies in 19 provinces all over China and 79 out of 143 internet microloan companies are listed on stock markets, NetEase reported, citing thexa0leading industry information providerxa0wdzj.
The internet microloan industry has witnessed fast development, as more Chinese consumers turn to online lenders to make even minor purchases and Chinese online platforms' consumer lending tripled last year to almost $140 billion, CNBC reported citing a recent report by the Cambridge Centre for Alternative Finance.
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