Research On The Development Of The Micro-financial Of Gansu Province

Micro-finance as a broader category of micro-credit, which cansupply credit, savings, insurance and other financial services to farmers,.Many foreign institutions Practice has proved that micro-finance tosupplement the formal financial organizations, rural poverty alleviationand development, small and medium business has a very important role inpromoting. At present, China’s financial system is not perfect, obviouslyinsufficient supply of rural-oriented small and medium-sized enterprisesand low-income financial services, micro-finance bill as a good solution,more and more national attention.2012central "Document" pointed out:"the development of diversified rural financial institutions to encourageprivate capital to enter the field of financial services in rural areas, tosupport commercial banks to the central and western counties anddistricts set up rural banks and orderly development of capital mutual aidorganizations in rural areas to guide farmers to professional The creditcooperatives specification to carry out small farmers to improve in linewith the rural banking financial institutions and business characteristicsdifferentiated regulatory policies, an appropriate increase in the risktolerance of agriculture-related loans, the implementation of a moderatelyeasy market access, flexible loan-to-deposit ratio policy. continue todevelop credit business, increase large breeding, farmers cooperatives,county small micro-enterprise credit efforts." Gansu Province as China’s economy less developed regions, thedevelopment of local microfinance is still in the initial stage of theimmature, there are many theoretical and practical problems, GansuProvince Microfinance Development for the promotion of local economicdevelopment in rural areas to ease the financing difficulties of SMEs ofgreat significance. Microfinance Development in Gansu Province as theresearch object, macro and micro levels related to the development ofmicro-finance, to take qualitative and quantitative analysis, summarizedin the summary and comparative analysis of a combination of methods,initially on the development of domestic and international microfinancesuccess practice; Second, comprehensive grasp of the the microfinancedevelopment status of Gansu Province based on the analysis of theproblems of the development of micro-finance in Gansu; Finally, bydrawing on the successful practice at home and abroad, combined withthe problems of local micro-finance development, proposes to speed upthe local micro-financial development proposals. This paper demonstratesthat the current microfinance development in Gansu Province, theproblems include: First, the current legal system and regulatory systemand can not adapt to the rapid development of local micro-finance; riskprevention mechanism and institution-building of microfinance is notperfect; capital and interest rate problems limit the sustainabledevelopment of the microfinance institutions. To achieve the rapid development of local micro-finance the Government needs to strengthenthe legislative and regulatory construction, while considering the fromperfect credit evaluation system, strengthen risk control, to expand thesources of funding, to promote the marketization of interest rates andincrease product innovation to promote local rural financial deepening, topromote the development of micro-finance in Gansu Province.