The Development Situation Of Rural Micro-credit In Shandong Province And Performance Evaluation To Farmers’income

Solving the problems of agriculture, rural areas and farmers, is the priority of all the work in our country. Only to promote the reform and development of rural finance effectively, can satisfy the financial demands of building a new socialist countryside. In recent years, our country has done a lot of work to promote the development of rural micro-credit. Especially, the experiment of Rural micro-credit as "three agricultural" is the main target, promote the development of rural micro-credit business, and increase the support for "three agricultural ".In1993, our country introduced the Grameen Bank Credit Model, now the rural micro-credit has been developed for more than20years. In the meantime, the rural micro-credit has achieved considerable effect, and alleviated poverty with remarkable results. Practice has proved that micro-credit is a better way to service "three agricultural". In December2001, the People’s Bank of China promulgated "Rural Credit Cooperatives Rural Micro-credit Management Guidance" promoted the further innovation of rural micro-credit. The main content Includes:Support the development of agriculture and rural economy. Improve the service of Rural Credit Cooperatives. Increase the input of rural and agriculture credit, and simplify the credit procedures. Since2004, the Central Committee of the Communist Party has issued11central documents on the theme of "three agricultural" to make specific arrangements for the rural reform and agricultural development. It fully reflects the determination of our country to put "three agricultural" on the priority.Today, the rural micro-credit develops rapidly. Through the practice, we have made many remarkable achievements. However, the rural micro-credit is still in process, and has many deficiencies. Previous research on rural micro-credit is mostly based on the perspective of formal financial institutions, and focus on theoretical research, while ignore that the farmer is the starting point and the ultimate goal of the reform. Therefore, this article from the farmers’point of view, analyze the situation of rural micro-credit from supply and demand aspects and existing problems, use empirical research on evaluation the micro-credit’s performance on farmers’income. This article combines theory and practice to study the rural micro-credit, and provides suggestions to the steady development of it. The specific contents are as follows:Chapter1, Introduction. This part propose the research background and meaning, including the realistic background of rural micro-credit, and the development process and significance. Finally, propose the research contents and methods, and innovation and insufficiency.Chapter2, the Summary of Rural Micro-credit. This part Introduces the related theory of rural micro-credit, summarizes the latest research of domestic and foreign scholars on it, including theoretical analysis and empirical research. Finally, reviews the summary of the rural micro-credit and gives the purpose of this article.Chapter3, the Practice and Experience of the Development of Micro-credit abroad. By describing the successful practice of foreign micro-credit mode, sum up the experience for the further development of micro-credit in our province.Chapter4, the Analysis of the Present Situation of Shandong Rural Micro-credit. This chapter analyzes the rural micro-credit in Shandong province from demand and supply two aspects, combined with the questionnaire data, describes the present situation and existing problems of micro-credit.Chapter5, Performance Evaluation of Micro-credit to Farmers’Income. Use the Multiple linear regression from the angle of production element makes an empirical on the performance evaluation. In addition to the basic elements as land and labor, put micro-credit as an independent variable into the model. By analyzing the cross-section data of ten provinces in China, find the elasticity coefficient of micro-credit to farmers’income; by analyzing the time series data of Shandong Province from1992to2011, find the stable long-run relationship between the micro-credit and farmers’ income, then evaluate the micro-credit’s impact on farmers’income.Chapter6, Relevant Policy Suggestions. Based on the theoretical analysis and empirical test, according to the existing problems about rural micro-credit, propose some suggestions on further development of rural micro-credit in Shandong province.