Research On Rural Microcredit Development Model After The Internacional Crisis Financiera

Since 1993, the rural microcredit currently has become an irreplaceable role in helping low-income populations , as an important part of China's rural financial system to solve the " Issues of agriculture". Chinese rural microcredit progress from the stage of silence to vigorous, and initially formed a bouncy competition situation, mainly with RCC (rural credit cooperative), PSBC(postal savings bank) and various villages bank and microfinance companies. The international international financial crisis has an impact on China's microfinance to some degrees.On one hand, it speeds up the collapse of the pattern of the Welfarism ; on the other hand, it exposed some inherent disadvantages of the Institutionalism itself. These contradictions are mainly concentrated in the contradictory between the development of microfinance and its basic goals.Firstly, this paper introduces the development pattern of microfinance in China before the financial crisis, and through detailed analysis and comparison we find the pattern can be define as the phase that in where Microfinance is gradually to Welfarism.Then, this paper analyzes the international financial crisis caused what kind of impact in microfinance, with main three aspects: the first point is the financial crisis has changed our microfinance demand and demand structure; the second point is the financial crisis weakened our microfinance administrative interference ability; the third point is financial crisis affecting our country microfinance institutions operating conditions. Thus,we get the outcome of the financial crisis to our country microfinance development pattern: On one hand, because of compulsory administrative intervention, financial sector policies and credit risk factors, such as high unsustainable, the welfarism development model cannot persist; On the other hand, since the target customer cannot be completely covered, microfinance funds absorbed in industry has been wrong used, the institutionalism development model can't last.Thus, the paper tries to put forward a kind of sustainable development pattern: Establish long-term supervision model of sustainable development with maintaining its target;Rural microcredit and small insurance cooperative business model;The sustainable development of rural microcredit interest rate pricing model. As the interest rate for the sustainable development of determining the price, which the author considers has been thoughtful of the microfinance's tenet in present stage in our country and its original intention. The author uses the Rosenberg model to estimate the rate of sustainable development of microfinance in complete market condition, and then get the rate of biggest customer's benefits ,and further through the kinds of interest rate model, I combin them together to calculate the interests spread, then propose to a rates compensation mechanism. So,we can realize the goal of microfinance effectively and sustainable development in financial.