Study On The Development Of Micro-credit Companies In China

As a financial innovation mode, micro-credit was created by Professor MuhammadYunus in Bangladesh in the year1976. Ever since it came into being, it had shown greatvitality, and experts and scholars both home and abroad began to devote to the theory andpractice researching of micro-credit. Our government also gives close attention and supportto micro-credit, especiall when the “only credit&no deposit” commercial micro-creditcompanies come into people’s view since May2008. After more than three years ofdevelopment, practice has proved that micro-credit companies play a positive role inimproving financial services in rural areas, expanding finacing channels of small andmedium-sized enterprises, promoting economic development. Under this background,exploring and establishing a path of micro-credit development accommodating to thesituation of China has great theoretic and practical significance.The research idea and main content of this thesis are as follows: firstly, it introducesthe background and meanings of selecting the topic and gives a theoretical summary aboutmicro-credit study home and abroad, on this basis, defines the related concept ofmicro-credit and constructs the framework of the thesis. And then, it analyzes thedevelopmental model, characteristic and experience of international micro-credit andsummarizes its development in our country, thus introducing the newest stage ofmicro-credit—the stage of sustainable development of commercial micro-credit companies.The functional localization and operating mechanism are the key emphasis of this thesis.The innovation point is using lots of data, examples and diagrams by inosculate thepractice of micro-credit companies in Shandong province in order to sum up thecharacteristic of general rules in our country and give this new rural financial organizationan accurate and thorough explanation. Finally, the thesis analyzes the influencing factors ofthe micro-credit companies development and gives some policy and suggestions.The conclusion of this thesis is that the appearance and development of micro-creditcompanies is the result of our country’s financial reform and innovation. It is veryimportant in meeting the rural financial needs, activating the financial market of smallcustomers and enriching the financial products and service and improving rural financialservices system. At the new new period of our country’s rural financial reform, we shouldsupport, encourage and create a favorable environment for micro-credit companies so thatthey can play a greater role in pushing for the sustained economic and social development.