A Study On The Poverty Alleviation Of Public Welfare Microfinance In China

Since the reform and opening up, China’s rural financial system through several reforms, but still can not meet the needs of the development of agriculture and rural areas of financial. Micro credit is an inevitable choice for China’s rural financial reform. China’s micro credit was initially introduced in twentieth Century 80 by UN aid agencies, at that time most of them in the form of assistance programs,its main feature is for the purpose of poverty alleviation, innovative financial concept of serving the poor loan services, to provide the financing channels for marginalized poverty.Third Plenary Session of the eighth, "the CPC Central Committee decision on deepening reform of the overall number of major issues" clearly pointed out:"Development of inclusive finance", This is the first time inclusive finance appeared in the party’s programmatic document, Thus can be extrapolated, an important direction of the rural financial reform is to accelerate the establishment of an inclusive financial system, in order to effectively provide services to all sectors of society and communities, in particular, to provide effective financial services for the current financial system does not cover social groups. The nonprofit microfinance as an important part of Inclusive Finance for China’s financial industry has made outstanding contributions to poverty reduction, and to some extent, promoted the reform of the rural financial system.Nonprofit microfinance is the pioneer of microcredit, causing concern for the microfinance policy also began microfinance nonprofit, and until today nonprofit microfinance in poverty-stricken areas still plays an irreplaceable role, but compared to commercial microfinance the public did not show enough attention to nonprofit microfinance, Even in some official concept will be the default, our country still does not have specific policies for nonprofit microfinance credit. Furthermore, for the nonprofit microfinance sustainable poverty alleviation, people from all walks of life have different opinions, it is difficult to provide a feasible plan for policy making.Based on the practice of China in recent 20 years, Nonprofit microfinance faces some Urgent problems.In such background, he paper by understanding of development present situation of non-profit microfinance in both at home and abroad to participate in poverty alleviation,trying to find out the most important factor of restricting nonprofit microfinance for poverty alleviation, and make recommendations based on the corresponding little problem, hoping to contribute topoverty alleviation in China and improve the rural financial system in china.First of all, in this paper, make a preliminary definition of nonprofit microfinance and poverty related concepts, clear that the main difference between non-profit microfinance and commercial microfinance is to shoulder social responsibility to help the poor, this is what the nonprofit microfinance significance of existence. Based on clear nonprofit microfinance social responsibility, analyzed the relevant theories of China’s nonprofit microfinance poverty alleviation.The second part is to be analyzed nonprofit microfinance practice in China,and the practice of nonprofit microfinance participate in China’s poverty alleviation has its necessity, in order to have a more in-depth understanding of nonprofit microfinance development status, we must sort out its development process, each stage should have an intuitive understanding,so this part introduced the necessity on the basis of the non-profit microfinance in poverty alleviation, then make further instructions of the development course and the present situation. pointing out that sustained poverty reduction is the most important issue facing the nonprofit microfinance institutions, the issue of specific performance in nonprofit microfinance all aspects of the organizationthe reasons on the basis of the above issues arising from the environment provided by the Government and nonprofit microfinance institutions themselves were analyzed.The third part mainly analysis nonprofit microfinance’s problems and the reasons, points out that the main problem facing of nonprofit microfinance institutions is sustained poverty reduction,the specific performance in all aspects of the non-profit microfinance institutions running,on the basis of the causes of these problems,then the government of the environment and nonprofit microfinance institutions themselves are analyzed.The last part is based on the former three parts discusses the perfect path of China’s nonprofit microfinance, based on domestic and overseas experience, put forward the requirements of government departments to optimize microfinance external development environment for nonprofit microfinance and the market operation of the organization itself. Proposed nonprofit microfinance market is different from the commercial, market is not mean a change of the poverty alleviation objectives, market is only a ch-ange of operation mode, is the practice of standardized operation mode. In the background of the establishment of our inclusive financial system, the market operation of nonprofit microfinance institutions is one of the mostimportant development path. In the process of nonprofit microfinance institution-s to the market, government support is necessary, the effectiveness and long-term policy is an important guarantee for nonprofit microfinance sustainabl-e poverty alleviation.