The Sustainable Development Of Rural Micro-credit Companies In Jiangsu Province

Micro finance is the new credit method having the purpose of anti-poverty and promote development, an important complement to traditional commercial banks. International Micro-credit have achieved remarkable achievements in the past 30 years, which are typical of the Grameen Bank in Bangladesh, the People's Bank in Indonesia, village banks in Latin American. Their outstanding business and management, and helping the low-income poverty alleviation have achieved great success. In the context of deepening financial, China's micro-credit has also been rapid development, the start is a number microfinance practice of international organizations and non-governmental organizations in China's poverty alleviation projects, China Agricultural Bank and Agricultural Development Bank offered a small credit. Since 2000, in this form promotion of the People's Bank of China, rural credit cooperatives with the support of the central bank refinancing, organized micro-credit loans on the basis of strengthening the establishment of credit village, and received good results. In 2005, for solution of the financial vacuum and lacking financial services in part of rural areas, the CBRC started to construct micro-credit companies, rural banks, rural mutual credit cooperatives, and other new rural financial institutions. After several years development, micro-credit company has made more significant results. Up to March 2011, the country set up a small loan companies 3027, registered capital of 260 billion yuan,240.8 billion yuan loan balance.At present, the micro-credit company has become an important part of China's micro-credit development, and is the important force to deepen financial reform, improve the financial system, and build inclusive finance. Develop micro-credit companies, both on easeing the shortage of funds for the "three rural" and SMEs, promoting employment and achieving social equity, but also open a new path for local governments regulate private funding and promote the coordinated development of regional economy. To achieve the sustainable development of micro-credit companies, this paper take the rural micro-credit companies in Jiangsu Province as the main object of the research. First summary the business model and the basic theory of rural micro-credit companies, and then combined with research in Jiangsu Province, summarized the development status of rural micro-credit company, analysis their problems, explore the countryside of Jiangsu Province micro-credit companies face the constraints of the development process, and finally give a number of targeted countermeasures on how to achieve rural micro-credit company sustainable development.In the first place, it introduced the basis theory of micro-credit, the state of domestic and Jiangsu province micro-credit company, and a summary of its success; then use the field investigation, literature review and model analysis and other methods, in-depth analysis five factors of the micro-credit companies, including market conditions, financial regulation, financing, prospect, profitability and operational risk factors, find the main cause restricting sustainable development of micro-credit company, and draw lessons from international successful experience, put forward to promote the sustainable development of rural micro-credit company.