New microloan opportunity for SMEs from CCB and DHgate.com

As it became known, targeting to help China's international export-oriented SMEs overcome financing barriers, China Construction Bank has set collaboration with wholesale marketplace DHgate.com marking the beginning of a pioneering microloan initiative.

As it’s said, the initial phase of this cooperation will see the joint development of a new line of credit products designed.

The "eMicro" network of credit products leverages DHgate.com's transactional data to evaluate a business's order opportunities, rather than relying on traditional credit criteria.

In this initial phase, registered suppliers on DHgate.com will be eligible to apply for the "eMicro" finance products; products which use more practical criteria to assess credit worthiness and control risk. DHgate.com will be able to facilitate the loans by accumulating application submissions to CCB, analyzing sellers' transactional data and credit records, and working with CCB's online credit check systems.

The new scheme is removing the entry barrier for SMEs and provides incentives to improve their quality and service for the international market. It also provides international buyers with a wider variety of product options.

DHgate.com' is delighted to close such a deal as company’s representatives have a firm belief This microloan program has a very real social impact. Thus, company’s CEO Diane Wang stated, for the majority of DHgate.com's SME suppliers, this will undoubtedly help drive business innovation, benefitting our larger international community.