The Research About The Plight Of China’s Public-interest Microfinance Institution Under The Perspective Of Social Capital Theory

With the development of economy， poverty problem has not been effectivelysolved. Since the1980s, the microfinance introduced to our country by the UnitedNations and aid organizations. Over the past decade, the poverty alleviation effectof microfinance in our country is remarkable. With the continuous development ofmicrofinance in China, Commercial microfinance maintained a good momentum ofdevelopment. By contrast, the development of the public-interest microfinanceemerged many difficulties. This paper is based on W institution of public-interestmicrofinance as a case. By the development process of establishment,development and close of M institution of public-interest microfinance, we can drawa conclusion that the plight which W institution of public-interest microfinancehave to face embodied in legal difficulties and dilemma of funds flow and operatingdifficulties of institution. We use the research paradigm of norms and trust socialcapital which under the perspective of Social capital theory to analysis legaldifficulties of W institution of public-interest microfinance deeply. To explain Winstitution of public-interest microfinance in the deep reasons of the plight mainlybased on the lack of the norms and trust social capital. Finally, under the theoreticalframework of the norms and trust social capital, we can put forward some solutionsto various survival plight of W public-interest microfinance institution.