On The Sustainable Development Of Microfinance In Rural Credit Cooperatives In China

Peasantry, countryside and farming is a main problem that obsessed the sustainable, rapid and healthy development of Chinese economy, which is closely related to the underdevelopment of micro-finance of Chinese credit association. The earliest practice of micro-finance business was conducted in the countryside bank in Bangladesh. This business has been conducted throughout the country by the People's bank of China since 1999. To solve the problem of "difficult to access credit" for the peasant while at the same time to keep an efficient development of the countryside credit association, the sustainable development of the micro-finance business of the credit association is now on the agenda.Based on the above-mentioned issue, this paper studies the sustainable development of the micro-finance business of the credit association in the following chapters: in the first chapter, the author simply introduced the theory of the sustainable development of the micro-finance of the credit association, and examined the feasibility to promote the micro-finance business in China carefully; in the second chapter, the author outlined the characteristic of this business which distinguishes from other loans according to the practice, and pointed out that there are still some problems that the business facing, which relating to both the government and the countryside credit association itself, both the microscopic and macroscopic aspects; then the author analyzed the meaning to promoting the micro-finance for the peasant in China in the following aspects: perfecting the market economy system, solving the problem of peasantry, countryside and farming and benefiting for the initiation; in the last chapter the author suggests that it is urgent for the government took effective ways to ensure the sustainable development of micro-finance business from law and regulation, polices, services, markets and credits.