Alibaba Small and Micro Financial Services Group, the microfinance unit of Alibaba Group, has outstanding loans of 160 billion yuan (US$26.38 billion) and a customer base of 650,000, Securities Times reported Friday. The average loan is under 40,000 yuan and the average credit amount for each customer is 130,000 yuan. Its non-performing loan ratio is below 1 percent, the report said. The company started operations less than four years ago.
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