The Legal Protection Of Credit Information System Construction In Microfinance

Micro-finance credit information system born out from microfinance operations. The development of micro-credit business is facing a constraints of" lack of personal credit" in market economy background. But our current existing personal microfinance credit industry is restricted by imperfect support of laws and regulations, inadequate for operating mechanism, no establishment of personal credit evaluation system and other elements.To develop personal credit industry, we must start from the accelerated credit legislation, establish management agencies and perfect operating mechanism and other aspects. A developed credit system plays a very active role which in preventing financial risks, improve market resource allocation efficiency and etc. From some developed market economy countries view, a relatively successful experience of social credit system are comparatively perfect in both the financial system guarantee and social public guarantee. It also drive the developing countries to actively establish their social credit system.I want to get advanced practices and experiences from the advanced credit countries, in order to explore an suitable development model of the credit market construction for China, therefore, to improving the credit system by improving the legal system. This can promote the health of credit markets to rapid development.