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Study On The Development Of Microfinance In Rural China

Posted on:2009-03-08Degree:DoctorType:Dissertation
Country:ChinaCandidate:J W HeFull Text:PDF
GTID:1119360245951196Subject:Agricultural Economics and Management
Abstract/Summary:PDF Full Text Request
A kind of financial organization, which aims at offering microfinance services to low-and-middle income customers, springs out in 1970's. The new microfinance organizations bring hope for agriculture in the developing countries under the conditions that the governments-directed credit project went into troubles, and the formal financial market hardly went into close. The microfinance organizations effectively offer microcredit for the poor in countryside, and solve the trouble of credit. The trouble of farmer credit toilets theorists and practioners as China is one of the biggest developing countries. The first specialized microfinance organization was founded by the development institute of the Chinese Academy of Social Science in 1993. This thesis concentrates on the development of Chinese microfinance institution; analysises the factors that trouble it, in order to finds the technical and institutional supports and creats conditions for the development of the microfinance institution. The study of microfinance aims are as followings:⑴concluding the common rules of the foundation and development of microfinance, and reviewing the institutional conditions of microfinance;⑵investigating the special trail of the development of Chinese microfinance, and analyzing the evolution path of Chinese microfinance institution; and⑶evaluating overall the institution efficiency of Chinese microfinance institution Content of each chapter and possible innovation point see as below.Chapter 1. introduction. Based on microfinance practice, this chapter offers the research theme. The clue of research thought, research content and research methods are determined after review of literatures home and abroad. This chapter also offers the possible innovations.Chaper 2. foundamental of microfinance institution. This chapter introduces the foundamental of microfinance institution. The theory of principal-agent, institution change and social capital are retrospected as the foundamental of microfinance institution. This offers the foundation for the analysis afterward.Chapter 3. international experimence of the microfinance development. There is a long history worldwide of microfinance institution, which characterized by offer microloan. For example, the loan fund in Ireland and the cooperatives in German, had been effectively operated for a long periods, which offers important ideas resource. New thought can be found after the contrastion of difference countries because a serial of problems arised in current practice of a new era. This chapter explores the development of mordern microfiance, which broadens the view of survey. As a comparative introduction, we concentrate the Gremeen Bank in Bangdelash and Banscol in Bolivia in order to review the international experimences and the main issues of microfinance in the history.Chapter 4. the development course and problems of microfiance in rural China. This chapter introduces the four phases of the development of Chinese microfinance. The foundation of FPC of Chinese Academy of Social Science suggests a new era of microfinance, which mainly focus on NGO. In 1996, poverty alleviation projects by policy-directed microfinance organized by policy organizations and Agricultural Bank arise. Rural cooperatives financial organizations, supported by refund loan of agriculture by the Peoples Bank of China, started to offer credit loan and joint-liability loan in 2000, which is a signal of the grand intervene of rural financial organizations in microfinance. Commercial microfinance experimences was started in Shanxi, Sichuan, Inner Mogolia, Guizhou and Shaanxi in 2005.Chapter 5. factors restricting microfinance mechanism. In practice, the performance of microfinance mechanism inevitabily is affected because of these factors, such as interest regulation, human capital of borrower and informal finance. In this chapter, we analyze the effect of some factors to repayment rates based on an expansion of models of adverse selection and moral hazard. This analysis considers comprehensively the important factors to repayment rate after putting microfinance mechanism into practical economic environment. At the same time, this analysis can explain the overflow effect by the development of agriculture industry, the reform of market-based interest, and the solution of informal finance in order to solve the restriction of microfiance mechanism.Chapter 6. an evaluation of development of microfinance performences in rural China. The microfinance organizations in China have characteristics in organizations and productions different from the countries all over the world. The gross evalution of the development of Chinese microfinance can understand the achivements performence of Chinese microfinance. This can conclude the conditions of rural microfiance in China, and offer thoughts to further reform.Chapter 7. policy accomodations to the perfection of microfinance in rural China.Based on previous chapters, this chapter offers policy accomodations for the the development of microfinance operation in RCC, the reform of commercial microfinance, and poverty-oriented microfiance.
Keywords/Search Tags:microfinance, rural finance, institution, financial development
PDF Full Text Request
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