The Legal Regulation Of Rural Micro-credit

From 21st century on, "Agriculture,Countryside,Peasant" are increasingly widespread concerned, how to promote the development of agriculture,maintain the countryside's stability and promote the peasant's augmentation, which has become important elements to promote the society and economy continuously development. In this case, the Microfinance which offers the low earnings and micro-corporation financial service, and which affects very important meaning in our harmonious society and financial innovation. In recent years, our government makes much of attention to develop rural microfinance, and founds some township's banks, tries out seven Micro-corporations and Mutual fund organizations in rural areas. But in comparison with foreigner's, our microfinance's development still lies in an elementary stage. In our extensive microfinance, besides in the name of credit union and banking financial institutions, most microfinance organizations' circumstance is very difficult. Since the legal bottlenecks, in the course of actual operation, appearing unclear legal status of the main,unclear property,lack of legal regulation and so on. Therefore, it is very essential to learn from foreigner's successful experience. In view of the actual micro-credit, which formulates a suit of micro-credit's legal system, establishes the legal status of microfinance institutions, and establishes an effective legal regulatory framework. The perfect legal system environment can stimulate the development of rural microfinance.