The Empirical Research Of The Impact Of The Microfinance For Rural Women On Household Income

In the process of rural surplus labor transfer to non-agricultural industries,the lag in the transfer of rural women caused the phenomenon called the “Feminization of Agriculture” in rural areas.Rural women have become the main force in agricultural production.To promote the development of agricultural economy and increase the income of farmers,rural women are a group that cannot be ignored.But in the course of their production activities,they often encounter financial bottlenecks.Due to the lack of collateral,they usually have difficulty in obtaining bank loans.However,the emergence of microcredit for rural women has solved the financial problems of rural women.In Guangdong Foshan,there is also a unbalanced development between regional and between urban area and rural area.The economic development between the five districts and the urban and rural areas of Foshan City is not balanced.The Microfinance for Rural women has been implemented as one of the tools to promote rural economic development for six years.This article had an empirically analysis of the impacts of the Microfinance for Rural Women on Household Income.And examine how human capital,regional endowments and microfinance interact with the household income for of rural women.This paper may helps relevant organizations and financial institutions to realize how the Microfinance for Rural Women in Foshan affects the household income of the rural women,as well what the problems came out in the implementation process.This will provides reference for the implementation of the implementation system and policies for the microfinance for rural women.Based on review the microfinance for rural women at home and abroad,this article elaborate the mechanism of the impact of microfinance on household income.First of all,this paper described the operation and production of the interest-subsidy microfinance projects for supporting women in Guangdong.Then analyzed the operation andeffectiveness of the Interest-subsidy Microfinance Projects for Rural Women in Foshan.Through field surveys and questionnaire surveys,relevanted data on the Interest-subsidy Microfinance for Rural Women in Foshan were collected.The descriptive analysis and quantitative analysis were conducted by using STATA 13.0.The effect of human capital,regional endowments and microfinance on household income of rural women was obtained.Research shows that the Microfinance for Rural Women has a significant positive impact on household income,and interacts with factors such as business scale,productive assets,and the age of the loan's women.For different types of households,the effect of Microfinance for Rural Women on their income is also different.Microfinance for Rural Women has a significant and significant income effect on low-and middle-income families,but the income effect on high-income families is not significant.As rural women's contribution to household income increases,so does their family's decision-making power and family harmony.Through participation in training,the production skills and overall quality of rural women are gradually increasing.The emergence of the Microfinance for Rural Women also promoted the development of local agriculture and promoted the industrialization of agriculture.Combined with the implementation and possible problems of the Interest-subsidy Microfinance for Rural Women in Foshan,this article puts forward corresponding countermeasures and suggestions to provide reference for the further improvement of the Microfinance for Rural Women.