Research On The Development Issues Of China's Rural Microfinance

As an important supplement of rural finance, China's rural microfinance is an effective way to poverty alleviation and difficulty easing, and it has played an important role in rural poverty alleviation and the development of rural economy.China's rural microfinance is promoted mostly by the government, their operation management mainly imitates the development model of Grameen Bank, Bangladesh, and their credit funds mostly come from national poverty funds or contributions of domestic and international community, few comes from commercial funds. As most rural microfinance has the characteristics of small scale, high cost and unsecured, projects of rural microfinance is always in high risk and weak profitability, which causes weak sustainability of most rural microfinance institutions. At the same time, since no proper development model of China's rural microfinance for large-scale promotion is formed, development level of China's rural microfinance is seriously lower than that of China's economy over the same period. To take advantage of the priority of China's rural microfinance for rural poverty alleviation and rural economy, this paper starts from analyzing the development status and the problems there are in China's rural microfinance, probes the way to the promotion of China's rural microfinance by drawing on successful experience of the development of microfinance home and abroad, establishing and improving the service system of rural microfinance by integrating various aspects of resources, creating an enabling environment for the development of rural microfinance, and using a market-oriented approach.This paper mainly consists of three parts: Firstly, analyzes the development process, development status, development characteristics and major problems of China's rural microfinance; Secondly, analyzes the operational characteristics and successful experience and probes the significance of reference of rural microfinance abroad, Thirdly, proposes the way of solving the problems and solutions for China's rural microfinance.