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Research On The Risk Management Of Rural Microfinance In China

Posted on:2013-01-27Degree:DoctorType:Dissertation
Country:ChinaCandidate:P ZhangFull Text:PDF
GTID:1119330374468738Subject:Agricultural Economics and Management
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Microfinance was originated from Bangladesh in the1970s, to face poverty populationto provide financial services.It is a kind of effective financial instrument to help poverty. In90s, microfinance was introduced to the our country.After more than10years development,our country microfinance experienced four stages: one is the microfinance first stage; two ismicrofinance project extension stages; Three is the comprehensive trial promotionmicrofinance stage; Four is to explore "commercial microfinance" new stage. With ourmicrofinance vigorous development, we have formed non-governmental organizations (NGOs)microfinance, agriculture bank(state-owned Banks) carrying out of poverty relief discountmicrofinance, rural credit cooperatives system microfinance, city commercial Banks and theguarantee company conducting microfinance projects, only borrowing not existing smallloans companies projiects, postal savings bank s projiects, small rural towns credit projects,rural financial institution of microfinance projects, joint stock commercial Banksmicrofinance projects,etc. Microfinance, in aid-the-poor work has made remarkableachievements and has been active fuction in solving farmers question of loans, supportting forrural economic development, promoting the increase in farmers' income.The majority offarmers generally welcome. However, at present our country rural microcredit business ofsustainable development is faced with many problems, some of the most prominent is thedifficulty of microfinance to all kinds of risk (such as credit risk, the interest rate risk, marketrisk, natural risk, operation risk, etc), led directly to the farmers small loans difficult andfarmers microfinance market is widespread low coverage, not to meet the needs of ruraleconomic development. Therefore, Our microfinance risk can be or not be effective and todissolve, is not only related to the survival and development of farmers' income and thesupport of the funding, and related to the rural credit market order and farmers microfinancethe sustainable development in the future, and ultimately affect China's construction ofsocialist new countryside construction.This article from the international and domestic microfinance development history,present situation, based on risk management theory, according to credit risk management,borrow before when risk management and credit risk management after logical sequence, withour rural financial system reform and microfinance development present situation, hascomprehensively study the credit risk appeared in the process of the development of our rural microcredit. The Paper includes the basic theory of microfinance risk, and includes thepractice exploration of microfinance risk manangement; includes the investigation of themicrofinance current situation and types, and the microfinance risk analysis of the cause andtakes countermeasures; not only introduces the microfinance risk quantitative theoreticalmodel, and empirically analysis the microfinance risk by establishing econometric model. Onthis basis,it set up a set of microfinance risk management system according with the actualsituation in our country,and further promotting our rural microcredit sustainable development.This article specifically arranges the content as follows:Chapter1: An introduction to the paper.It is a choosing background, research purposeand meaning, thoughts and methods of our rural microcredit risk management and thepossible innovation of the paper.Chapter2: The present situation of microfinance risk management at home and abroadand the theory reviewed. This chapter introduces the related theories of microfinance;introduces systemly the literature of domestic and foreign microfinance risk management, andcombins theory and practice of the international and domestic microfinance risk management,in order to existing introductory research of microfinance risk manangement based on presentresearch work.Chapter3: The Chinese rural microfinance risk situation, and the question of riskmanagement. This chapter presents the development of rural microcredit historical evolutionand development present situation. It empirically studies the NGOs institutions, rural creditcooperatives, villages Banks, and analyzes the microfinance institutions credit risk and thereason, then puts forward some countermeasures.Chapter4: Microfinance rates analysis and risk management. The interest rate is theimportant content of microfinance. This chapter discusses the microfinance rates mechanismand measuring methods, and discusses the theory model of peasant household microfinancerates; At the same time, analyzes the microcredit interest rate marketization and influencefactors.Chapter5:Microfinance institutions governance and risk management. This chapter frommicrofinance institutions of the governance structure, analyzes the problems to solve andgovernance framework; discusses the microfinance institutions internal control and theinternal audit, further works microfinance institutions risk management.Chapter6: Microfinance institutions evaluation and customer credit ratings management.Microfinance institutions evaluation and customer credit rating score are an importantpremise and foundation of microfinance institutions its own risk management and customercredit risk control. This chapter discusses the method of evaluating the microfinance institutions, analyzes the feasibility and necessity of microfinance customer credit rating score;and controls the microfinance credit risk by establishing credit score card model and theapplication, and by establishing rating policy and supervision in operation.Chapter7: The Chinese rural microfinance effective regulatory. This chapter presents theinternational microfinance institutions the principles of successful experience and supervision;analyzes the Chinese microfinance institutions effective regulatory framework and prudentsupervision standards, and the facing challenges of microfinance institutions supervision.Chapter8: The Chinese rural microfinance risk management strategy and policysuggestion. This chapter summarizes the types, characteristics and causes of microfinance risk;compares the controlling model of domestic and foreign microfinance risk; analysis thegeneral techniques and tools of microfinance risk control, puts forward to create the earlywarning system of microfinance risk control.
Keywords/Search Tags:rural microfinance, interest rate analyzing, credit rating, risk management
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