Study On The Problems Of Rural Private Lending In Jingzhou City

Private lending is a form of expression in rural finance.It has certain advantages.It supplements formal finance,eases the shortage of rural financial supply,and its advantages in market adaptability,geographical information,etc.surpass formal finance.mechanism.However,experts also pointed out that rural private lending is a form of private finance that is widely found in rural areas.It occurs between rural citizens and other rural citizens,legal persons,and other organizations.Traditional rural private lending is based on traditional rural societies.There are private financing forms with extremely high compliance rates based on strong ties of blood,geopolitical,etc.,and there is no private financing activity that is subject to official supervision and control.Moreover,the rural private lending relationship has the characteristics of “personalization”.The “acquaintance relationship” is the basis for its transaction and implementation.Therefore,rural private lending has also led to many social and economic problems.Whether or not the issue of rural private lending can be properly resolved is directly related to whether grass-roots people can smoothly participate in financial financing activities and meet urgent life and production needs.For this purpose,this study takes the rural credit of Jingzhou City,Hubei Province as an example to analyze the current situation of rural lending in China,analyzes the existing problems,and proposes improvement measures to promote the development of rural lending activities,and also to promote the rural economy.contribution.This paper studies rural private lending in JingZhou City analyzes the characteristics of rural households' lending,the size and number of privately-funded loans,the main subject of borrowings,their use,the level of contractual interest rates,and the status of repayments.It points out that there are major problems in private lending in JingZhou City The reasons for the problems,in the end,put forward targeted countermeasures for the development of rural private lending in JingZhou City It is hoped that through the study of this article,we can have a glimpse of the development of private lending in rural areas in China,especially in rural areas where economic development is relatively backward.This article is mainly composed of five parts,each of which is arranged as follows:The first part is an introduction,mainly introducing this research.First,it introduces the research background and significance of this study.Secondly,it reviews domestic and foreign research on private lending.Finally,the content of this study and the methods used in the research are discussed.The second part is the theoretical review,which mainly expresses the concepts and theoretical basis of the research.First,the core concepts of this research are explained,including farmers,rural folk borrowed goods,and financial constraints.Second,the relevant contents of this study are interpreted,including financial suppression theory,financial deepening theory,endogenous financial growth theory,and farmers' behavior.theory;The third part is the analysis of the status quo.It mainly describes the current situation of rural borrowing in JingZhou City.The descriptive criteria are mainly based on six aspects,including the analysis of the borrowing scale of rural households in Jingzhou City,the source and amount of rural private lending,the analysis of the use of rural folk loans,the analysis of interest rates and methods of rural private lending,and the analysis of the willingness of lending channels;The fourth part analyzes the problems and analyzes the problems existing in rural lending in JingZhou City On the one hand,the problems found are mainly reflected in the lack of formal private lending,the lack of uniform standards for private lending rates,and the low participation of farmers in mutual aid organizations;on the other hand,narrative causes of these problems include: Inadequacy,imperfections in the social credit system,deterioration of the rural financial ecological environment,and inadequate support for formal financial institutions in the countryside;The fifth part is the analysis of the countermeasures.It mainly discusses the countermeasures on the above issues.The countermeasures mainly include four aspects,such as improving the rural financial environment,improving the rural social credit system,optimizing the private lending supervision model,and realizing the combination of private lending and formal finance.The countermeasures to solve the problem of non-governmental lending in rural households in Jingzhou are as follows: First,improve the rural social credit system.In JingZhou City,to ensure that rural private lending tells us to operate,we must introduce effective policies and measures to improve the rural social credit system.In this article,these measures include speeding up rural credit legislation,strengthening rural credit promotion and education,and establishing a strict and fair rural credit monitoring system.Second,improve the rural financial environment.For a long time,the rural private finance in Jingzhou has been fully implemented in the interest rate marketization.Their interest rates are not limited by interest rates in the formal financial market.Interest rates are negotiated between the lenders and borrowers,and they are free to float according to the borrower's economic strength,credit status,relationship,borrowing time,and borrowing area,but they also bring a lot of laws.Therefore,we must gradually convert non-governmental finances that can bring convenience to farmers,small and medium-sized enterprises,private enterprises,etc.,to formal finance.Third,optimizing the lending management model clearly shows that rural private lending in Jingzhou has multiple attributes.An important bottleneck for private lending regulation is that it is not clear which types of private lending should be included in the scope of legal regulation.Therefore,the division of rural private lending should be based on whether the private lending behavior is for profit or recurring purposes to solve the game between private law interests and public law interests in private lending,which can effectively reform the traditional lending management model.Fourth,to achieve the combination of private lending and formal finance.The formal financial institutions in rural areas lack of support for rural loans and difficulties in entering rural financial markets,giving them preferential conditions and policy measures to actively enter the rural financial market and expand rural financial services,such as interest rate subsidies and financial support;to adapt to rural households and rural financing needs And other measures to drag.