Research On Application Of Micro-loan Technology In Jiangsu CS Small-loan Company

Since the pilot establishment in 2008,it has been nearly ten years for small-loan companies in Jiangsu to develop.Under the leadership by the provincial Financial Office,the small-loan companies are always adhering to the policy of "three issues of agriculture.the countryside and farmers" and committing to serving small and micro companies.Such companies have provided strong supports to the smooth economic development of the whole Jiangsu Province,and basically contributed to the original intention to support small and micro companies,and supporting and benefiting the agriculture.However,the small-loan companies in Jiangsu have exposed problems after experiencing rapid growth in recent years,such as illiquidity,continuously growing non-performing loan rates,too high tax bearing,constant declining rate of return,low customer renewal rate,etc.;which have caused negative impacts on themselves reversely.Facing the downward trend of the industry,Jiangsu Small-loan Industry Association,with support from Financial Office,decided to introduce micro-loan technology after investigating the business models in small and micro financial institutions at home and abroad.At the same time,Jiangsu CS Small-loan Company also realized the crisis of the downward industry,and timely transformed its business model with supports from the company's executives,and now has become the first one to introduce micro-loan technology in Jiangsu.This paper expounds the micro-loan technology that is relatively successful in the world,and explains the management methods and risk control means on the technology.It details specific practices of micro-loan technology in Jiangsu CS Small-loan Company,including the construction of organization structure and planning of loan products in the early stage,as well as the channel of personnel development and operation flow of credit and loan.It also concretely analyzes how Jiangsu CS Small-loan Company uses the micro-loan technology for lending.The paper studies the application status of micro-loan technology,which have been used in Jiangsu CS Small-loan Company for over three years,from the aspects of finance,business,operation,etc.;and validates the application effects of the technology in the company scientifically and impartially.Through research on the implemented technology,this paper has found some problems emerging in introducing the micro-loan technology,and then analyzes the causes and proposes improvement measures accordingly;which intends to make the technology better adapt to the development of Jiangsu CS Small-loan Company,as well as to provide reference to the transformation and upgrade of the small-loan companies and the sustainable development of the industry at the same.