The Study Of The Mechanism Of Rural Households' Joint-guarantee Institution Controlling Credit Risk Based On The Theory Of Community

Rural households'joint-guarantee institution which is the effective mode of financial operation is one of the risk control means of microcredit and the main species of microcredit together with small credit loan without security guarantees. It is found that small group joint-guarantee of microcredit has the function of decreasing information asymmetry, pulling down supervision cost, taking aim automatically and so on through qualitative and quantitative study using information economics, game theory, social experience, social capital etc. However all the former study hardly involved the inside weaknesses and how to avoid them, such as, risk evasiveness and group breaking contract in joint-guarantee group. Based on this, this thesis tries to study the joint-guarantee institution from a totally new angel– social psychology.This thesis applies the community theory, on the basis of analysis the essence of rural households'microcredit, firstly, studying the game among the joint-guarantee small group members in order to bring forward the conception of organic capital and discussing the classification of rural households'joint-guarantee microcredit to present the countermeasures of credit risk control, secondly, designing the questionnaires to survey the condition of joint-guarantee small group in Kaifeng region Henan province to make empirical analysis of rural households'behavior and willing in joint-guarantee institution, verifying the rural households'behavior incentive in community environment and the influence level of organic capital to credit integrating the realistic development condition in rural area, finally, presenting the countermeasures and suggestions aiming at the risks and demerits (risk evasiveness, group breaking contract) in joint-guarantee institution to realize the sustainable development of rural households'microcredit.The joint-guarantee small groups made of rural households have the character of community whose basis decides the behavior choice motivation among joint-guarantee small group members and the quality of organic capital in rural microcredit. The community- like which has the strong base will not exists risk evasiveness. The holistic capital of joint-guarantee small group is made of physical capital and virtual capital. If the size of microcredit is under the joint-guarantee small group's whole scope or constructing a more large community making the co- guarantee small group a member of it, then the behavior motivation of small joint-guarantee group holistically is altruistic and there will be no collectivity breaking contract. Because of this, the thesis puts forward the conception of organic capital and inorganic capital in an innovate way based on community theory in the study of risk control of joint-guarantee institution, at the mean time, pointing out organic capital is the core element of controlling rural households microcredit. The thesis also identifies that the success of microcredit is not because of joint-guarantee institution but because the small joint-guarantee group has the community basis which changes the people self- interested behavior motivation and enhances the risk resisting quality of organic capital.