A Study On Risk Managemeng Of Microfinance Businrss Of Rural Credit Cooperatives Of Zhengding Country, Hebei Province

As an agricultural country, rural economic development’s contribution to the economic growth rate in China is increasing. Therefore, the financial needs of rural areas should be given particular attention. Microfinance of rural credit cooperatives plays an important role in the process of meeting the financial demands of farmers, helping farmers out of poverty as soon as possible and promoting rural economic prosperity. In the process of microfinance, rural credit cooperatives faces not only the risk of general loan business,but also the unique risk, due to various internal and external reasons, such as poor awareness of farmers’ repayment, low level of credit in rural areas, risk identification, assessment, control system is not perfect of rural credit cooperatives, coupled with the unique nature of microfinance, which leads to a great limit on promotion of microcredit business.Rural credit cooperatives should analysis characteristics of microfinance carefully, initiative to identify sources of microfinance risk and quantitative assessment of risk on the basis of which to realize the control of microfinance risk in order to promote microfinance business in a superior way, make a better service for "three rural", and play an actual role to meet the financial needs of farmers and promote economic development in rural areas.The article studies on the rural credit cooperatives of ZD County. Combined with the development of rural credit cooperatives microfinance business of ZD County firstly, the article describes its risk management status from the internal supervision and external supervision and summarizes its microfinance business problems in the current process of risk regulatory. In order to be able to better identify and assess risk, based on the existing microfinance risk identification and assessment model----The Logit regression model, the article selects the strong correlation factors and excludes the weak correlation variables with the help of SPSS software, then establishes a technical system of microfinance risk identification and assessment for the rural credit cooperatives of ZD County. Combined with a series of analysis and research, article makes recommendations of risk management of rural credit cooperatives microfinance business. For example establish a standardized farmer credit rating system, set up perfect credit investigation process, build strict loan review process, implement independent follow-up after loan and establish and improve the responsibility system, etc.