Research Of Situations And Countermeasures Of Rural Microcredit Development In China

Microfinance, as a poverty alleviation tool, an innovative financial services, its goodresults have been widely recognized by the international community and is widelypopularized. In1993China introduced such a tool for poverty alleviation, although thetime is not long, but the development is very rapid, the results also come to be very good.Rural Microfinance is a newborn service mode to provide financial and technical supportfor farmers, the object of which is to serve the poor, it can provide smaller financialservices and other various training when customers cannot afford to provide guaranteesor mortgage, unlike traditional credit, to help increase farmers’income and develop therural economy, microfinance plays an increasingly important role in the field of financein poor rural areas.This thesis describes several successful developed microfinance model in theinternational community, such as microfinance in the Grameen Bank in Bangladesh andthe Bank Rakyat lndonesia, the paper describes the characteristics of their developmentof microfinance, explores their success, from various aspects such as governmentpolicy, source of funding, interest rate setting, risk control, management level andtechnical training. Combined with some problems and challenges which China is facingon the road of the development of micro-credit, for example, not-be-adjusted policies atdifferent stages, regulatory rates and legal imperfections, poor risk control and lowmanagement level, ineffective regulation and lack of training, etc.,combined with threerural micro-credit organizations, and the factor of China’s specific actual situation, so wemust take some related target suggestions when learning the successful experiences fromother developing countries.From the perspective of government policy, the perspective ofmicrofinance institutions, and the perspective of microcredit farmers, based on theanalysis of macro and micro analysis, combined with the internal factors and externalfactors, with every effort to build a microfinance development road which is full of theChinese characteristics, a healthy, sustainable and stable road.