Credit grows
December 31, 2011, Saturday
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Print Edition
Print Edition
FOUR small-loan credit agencies in Minhang had extended 1.58 billion yuan in loans as of the end of November, ranking No. 1 among districts and counties in Shanghai. That's an increase of 746 million yuan from last year.
Loans issued by the companies averaged about seven months in duration and carried average interest rates of about 17 percent. Credit terms are generally more flexible than those available from banks to small businesses.
Loans issued by the companies averaged about seven months in duration and carried average interest rates of about 17 percent. Credit terms are generally more flexible than those available from banks to small businesses.
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