| With the development of economy and society in China, the role and status of Small and Medium Enterprises(SMEs) in the economic system is becoming increasingly important. It has become a very important part in China’s national economy. But SMEs financing is a long-standing problem plaguing people. With the continuous opening of China’s economy, together with the development of China’s economy and financial system, small loan companies for SMEs emerged out of the country. For these small loan companies, they have to face a variety of risks. Among those risks, credit risk is a very important part.For these small loan companies serving SMEs, how to establish a credit risk evaluation system is the problem. On the basis of previous research, author analyzes the credit risk definitions, causes, characteristics, as well as the China’s four major banks’ credit risk evaluation system for SMEs. Based on the analysis results, and combined with the characteristics of small loan companies and SMEs and the principle of purpose, principle of operability, principle of avoiding duplication and principle of timeliness, author has designed a complete set of credit risk evaluation index system for small loan companies’ SMEs lending business. After that, this article used Analytic Hierarchy Process, and experts meeting to calculate the weight for each factor in the designed credit risk evaluation index system. Author used MATLAB to calculate the result and finally come to a credit risk evaluation index system, which is combined with quantitative and qualitative indicators, and has scientific weight values.At the end of the article, author used the ZhongCai small loan company’s microfinance business as empirical research. The results show that credit risk evaluation index system designed by author does have its operability and accuracy. This study has certain guiding significance and reference value for those small loan companies, who are engaged in the business of small loans for SMEs. |
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