Studies On The Influencing Factors Of The Development Of Microfinance

The financing difficult problem of micro, small and medium enterprises andfarmers has been plaguing the financial market in our country, and the developmentof these enterprises and self-employed have a large contribution to our countryeconomy. The emergence and development of microfinance can compensate justright for the high thresholds of the traditional commercial bank loan and the gap ofthe medium-sized enterprise’s financing difficulty. In one aspect it can ease themicro, small and medium enterprises’ financing difficulties; In another aspect,although the microfinance is booming, the number and the capital of microfinanceare relatively small for it appears too later, thus it can not satisfy the capital demandof small and medium enterprise financing, so pushing the entrepreneurs aggressivelyto invest the microfinance isvery important to solve these two aspects.For the development of microfinance there are many problems going to besolved and explored. How about the microfinance in our country? What are thefactors affecting the development of microfinance? What is the factor affecting themost and how the development of microfinance gets rid of this factor? This articlewill solve all these problems.This article refers to the status of microfinance in China and the research in thisfield both at home and abroad, and than it has the theoretical description andsummary about microfinance.It also roughly describes the content of this article.Thisarticle takes the small-loan company as the research object.First, this article uses thecensor model regressing to get the relation of the congfidence of entrepreneurs withthe preferential policies(YH), personal loan(Sr), inter-industry lending(TY),company lending(Qy), operation revenue(Yy), guarantee income(Db) and number of employees(Ygs) through taking the missing data as zero. And then we find out threemain factors affecting microfinance through principal component analysis and factoranalysis models, and the data bases on the questionnaire form for100microfinancecompanies in Jilin province to acquire the survey data. The three factors arepreferential policies, corporate income and capital source. Preferential policies arepositive correlation with the entrepreneurs’ confidence of the operating condition ofthe small-loan companies. The corporate income is positive correlation withentrepreneurs’ confidence. Different capital sources have different correlations withthe entrepreneurs’ confidence. Than this article draws conclusions from othersuccessful financial mode such as the internet finance,fund company and assetsecuritization and puts forward the enlightenment to the development of themicrofinance.