The Research Of Credit Evaluation Method For Mutual Guarantee Organizations

SMEs are an important part of our national economy. They can ensure the growth of our economy, ease employment pressure to a certain extent, and maintain social stability. But, in the process, their development, there are some problems. Financing difficulties restrict the development of SEMs. There are many reasons causing the problem, the most important one is the asymmetric information between banks and SMEs. credit guarantee, which is adopted by many countries in the world, is a new way to solve the problem. As one of credit guarantee system of our nation, Mutual Guarantee has more advantages than commercial credit guarantee and political credit guarantee, and play a crucial role in the development of SEMs.However, Chinese credit guarantee industry is still in early stage of development, there are many problems, such as industry alienation, non-standard of guarantee fee charging, collusion between banks and guarantee agencies. As the one which has higher risk, mutual guarantee itself also has many problems, such as small capital, limited numbers of membership companies, weak risk control, and unsound mechanism of financial compensation. These problems cause the asymmetric information between banks and mutual guarantee organizations, which seriously hampered the development of mutual guarantee organizations. According to the theoretical analysis, credit evaluation of mutual guarantee organizations, is the key to solve the problem of information asymmetry between banks and mutual guarantee organizations. Based on this, standing in the third party rating agencies angle the paper, the paper design a credit evaluation method of mutual guarantee organizations, to offer information to banks.At present, the research of credit evaluation of SMEs and financial institutions, but no one research the credit evaluation method of mutual guarantee organizations. Combined with the characteristics of mutual guarantee organization, the paper summary the current credit evaluation methods, stet up the credit evaluation index system of mutual guarantee organizations. In the same time, based on the present situation, the paper give the quantitative standard of index, finish the construction of the credit evaluation method of mutual guarantee organizations.