The Research Of Microfinance Business Operation Management In China’s Rural Credit Cooperatives

Since the1970s, micro finance played a significant role in addressing the worldpoverty. Driven by the People’s Bank of China, China’s rural credit cooperatives havecarried out for many years,it alleviates the difficult problem of loans to farmers, andachieved good social and economic benefits, the business carried out graduallyinstitutionalized, but the specific operation also exist some problems. Start from thedefinition of micro-credit, the paper makes a careful analysis of the problems in thecourse of the operation of micro-credit, and made a series of suggestions, in order tobetter serve rural economic development by rural credit cooperatives This article isdivided into six parts, the main contents are as follows:The first part introduces the research background and significance of micro-credit,and refining the research profile of the micro-credit at home and abroad, describedthe research methods and the content and expected results.The second part describes the theoretical basis as well as regulations in the ruralmicro-credit operations by the state in recent years.The third section describes the course of the micro-credit development byChina’s rural credit cooperatives,, and describes the current development status.The fourth part is a detailed analysis of rural small credit in the process ofoperation. Including:goal orientation is too limited, the credit assessment lack ofspecification; loans to invest, the amount and term of the loan provisions need to beimproved; lending rates still need adjustment; day-to-day operations do notspecification; the lack of risk-sharing mechanisms; there are loopholes in the loantracking management and reimbursement mechanism.The fifth section describes some typical microfinance model in foreigncountries, summed up the development of China’s rural credit cooperativesmicrofinance revelation.The sixth part puts forward the countermeasure aiming at the question ofproposal operation process. Specific measures include: extending the target group,standard credit rating, perfect the system of personal credit; determine the reasonable loan interest rate; standard operation procedure, strength the internal control;establish a sound risk sharing mechanism; make reimbursement mechanismreasonable; training related personnel and improve the relevant supporting measures.