Analysis On The Restrictive Factors And Countermeasures Of The Development Of Rural Microfinance

The development of agriculture,rural economy and increasing farmers' income are the basis for the strategic goal of rural revitalization,and the development of rural economy cannot be achieved without financial support.Therefore,one of the key problems that must be solved to promote the implementation of the rural strategy is to solve the funds for farmers to develop agricultural production.As an innovation of the financial system,microfinance aims to design credit products according to the characteristics of farmers and solve their financial service needs.However,from the actual situation,there is an obvious contradiction between the supply and demand of funds in China's rural microfinance,and the availability of rural microfinance is relatively low.The mfis also have problems such as poor management level and weak risk prevention and control ability.Therefore,it is of practical significance to study the restrictive factors of rural microfinance development and the solutions.Based on the knowledge from microfinance,this paper analyzes basic factors affecting farmers get microfinance,analyzing and drawing on the successful experience of domestic and foreign microfinance,application of xiamen city rural microfinance survey data,using the method of empirical research on influencing factors of farmers for microfinance,and put forward solution to xiamen on the basis of the rural microfinance development measures.The main conclusions are as follows:Firstly,on the whole,the reasons for farmers' unwillingness to make loans through formal institutions are concentrated on complex procedures and high interest rates.Because of the information asymmetry,financial institutions such as commercial banks have less information.In order to effectively avoid risks,the loan interest rate is raised,but at the same time,the loan cost of farmers is increased.At the same time,financial institutions such as commercial banks are collecting credits from farmers.And so on put forward more stringent requirements,which also makes it more time-consuming for farmers to handle microfinance business,and the enthusiasm for handling decline.Secondly,the restrictive factors for the development of rural micro-credit in Xiamen include insufficient effective supply of rural credit,inconsistent quota structure and term structure with the demand of farmers,high interest rate and inconsistent guarantee of credit supply and demand risk.Thirdly,in order to improve the development level of rural micro-credit in Xiamen,it is necessary to expand the sources of rural micro-credit funds,improve the guarantee mechanism of rural micro-credit,strengthen the construction of rural credit system,strengthen the circulation of land,expand the scale of operation,strengthen the innovative design of credit products,and improve the quality of employees.Flexible loan interest rates.