Research On Risk Management Of Microcredit Business Of WR Company

WR Company was established in September 2015.It is a local financial institution that specializes in equity investment,creditor's rights investment,short-term financial investment,investment consulting and other services for real economic projects.In strict accordance with the requirements of the Measures for the Supervision and Administration of Private Financing Institutions in Shandong Province,the company focused on small and micro loans and loans for agriculture,rural areas and farmers,and obtained the highest-level accreditation in the classification and rating of private financing institutions.In recent years,the company has continuously improved the risk control system,strengthened the financial professional knowledge training of personnel,explored the combination of Internet big data and traditional due diligence technology,and developed a series of micro-credit products,making the company a professional private capital management company focusing on financing services for small and micro customers.However,with the change of macro environment and the development of Internet technology,the company has exposed some new problems in the risk management system of micro-credit business.In order to solve the above problems,this study attempts to discuss from five aspects:(1)Based on literature review and analysis,construct the risk management framework of WR micro-credit business.(2)Using literature analysis and Delphi method to identify micro-credit risk factors from the perspective of business process.(3)FAHP method is used to evaluate the weight value of risk factors,triangular fuzzy number method is used to evaluate the risk level of factors,and the key and important risk control points can be determined.(4)Combining PC matrix analysis and risk management priority factors,determine the company's micro-credit business risk response methods and specific strategies.(5)According to the risk factor identification,evaluation results and risk response methods and strategies,WR Company's micro-credit business risk monitoring framework,monitoring system and operation mechanism are constructed.WR Company's micro-credit risk factor identification results show that the business implementation process mainly includes six links:business marketing,assessment and due diligence,micro-credit approval,micro-credit lending,post-credit management and overdue settlement.Through literature review and expert group interviews,a total of 36 possible risk factors were identified.Further questionnaire survey results showed that all 36 risk factors selected were recognized by experts.WR Company's micro-credit business risk factor weight evaluation results show that the weight of the assessment and due diligence link is the highest,that of the micro-credit approval link is the second,and that of the business marketing link is the lowest.The risk level evaluation results show that the risk in the micro-credit business assessment and due diligence is the highest,the risk in the approval link is the second,and the risk in the marketing link is the lowest.The risks in the six major links all belong to a higher risk level,according to the risk control standards,they are classified into important risk control points,which is consistent with the weight evaluation results.It shows that the assessment and due diligence link is not only the most important,but also the most likely to cause risks and the most serious losses throughout the business life cycle.The results of WR company's micro-credit business risk response shows that,according to the definition of international authoritative organizations,there are mainly four ways to deal with WR company's micro-credit business risk:evading,transferring,reducing and accepting.Due to the different risk levels and risk management priority factors,the combination of 36 risk factors has great differences,so differentiated response strategies should be adopted.The risk monitoring process mainly includes the construction of a risk monitoring framework and system,and the description of the operation mechanism of the risk monitoring system.