The Development of Gitzo China

In February 2008, Gitzo started in Guangdong Province and launched an innovative model of "in-store sales installment payment". Now Gitzo China has established business in more than 30 cities in five provinces, including Guangdong, Sichuan, Hunan, Hubei and Shandong, and two municipalities directly under the Central Government, namely Chongqing and Tianjin.

Since opening the first loan point in Shenzhen, Gitzo's convenient and fast service and average approval time of about 30 minutes have attracted about/kloc-0 million customers. As of June, 20 1 1, Gitzo's business in China's consumer finance market has developed well, with an accumulated loan amount of 2.2 billion yuan and an accumulated loan amount of more than 6,543,800,000. Gitzo will issue more than 2,000 loans nationwide on average every day, and mobile phones have become the most popular consumer financial products in the national market.

Although all loan points of Gitzo approve up to 4,200 loan applications every day (which varies with seasons), the powerful back office in Shenzhen, Guangdong Province handles more than 100000 loans every day.

Gitzo China has established a solid cooperative relationship with 4,200 national and local retailers, and built a huge consumer finance supply network with 8,200 POS loan outlets.

Gitzo hopes to establish a nationwide network of consumer finance companies, make full use of its strong cross-regional business development capabilities, advanced back-office technical support, systematic front-end promotion activities and strict risk management under a unique business model, and continue to maintain rapid business growth.

As a leading financial service provider in China, Gitzo Consumer Finance Co., Ltd. officially opened in Tianjin on 20 10 12 1, becoming the first and only wholly foreign-owned consumer finance company in China. Gitzo Consumer Finance Company is a wholly-owned subsidiary of ——PPF Group, the largest private investment group in Central and Eastern Europe, with a registered capital of 300 million yuan. After obtaining the pilot license issued by CBRC, Gitzo will provide unsecured mass consumer loans in Tianjin.

Gitzo Consumer Finance Company will provide all kinds of "in-store sales by stages" products and cash loan products for local consumers in Tianjin, and provide financial support for consumers to buy durable consumer goods, participate in education, tourism and other activities.

Gitzo's "Consumer Finance" professional license simplifies the background operation and financing process, which can not only improve Gitzo's operating performance and operational efficiency, but also bring greater added value to cooperative national retailers and other sales partners, as well as consumers applying for loan products.