AIG says has acquired 18% of MicroCred Nanchong
AIG says has acquired 18 percent of Chinese micro credit company MicroCred Nanchong, China (MNC) and the exclusive right to sell micro insurance to MNC clients for two years.
In addition to AIG, MNC is jointly owned by the International Finance Corporation, KfW Bankengruppe, and MicroCred S.A. AIG Micro Financial Servicessm, a unit dedicated to providing financial services
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