Based On The Transaction Cost Of Small Micro Enterprise Loan Model Research

Most of the existing literature, the difficulty of the small micro enterprise loan comes down small micro enterprise its own problems, such as lack of collateral, high management risk, information is not perfect, the structure of the organization, etc. In fact, these are the intrinsic characteristics of small micro enterprises, Banks are going to develop adapt to the characteristics of credit products and services, the value of this is that the Banks exist and revenue. Based on the investigation report that the people’s bank of China, the appropriate letter analysis in the study of transaction costs and does not match the credit supply and demand is the important reasons which restrict the development of the small loan business, and does not match the credit supply and demand is caused by the transaction cost.Coase theorem points out that as long as the property rights are clear, and the transaction cost is zero or very small, so, no matter who the property right in the beginning will give the result of the market equilibrium is efficient, realize the resource configuration of pareto optimality. In the real world, however, required by Coase theorem is often does not exist, the premise of clear property rights is difficult, nor for zero transaction costs, sometimes even bigger. Coase theorem is proposed transaction cost effect on the system arrangement, in the economic life for people to make decisions about property rights arrangement provides a effective method. Based on transaction cost theory point of view, and the operation of the market mechanism is a cost, the use of the system, arrangement and change is cost, production of all system and its change is inseparable from the influence of transaction cost. Less due to the small micro enterprise loan amount, loan period is short, the transaction cost has important influence on small loans.Based on the relevant financial institutions to market research data or actual financial report, with plenty of actual data research small micro enterprise loan problem, starting from the reality, the more reasonable and practical. For the first time to use actual data to study the transaction cost in bank loans to small enterprises in the impact on the asset returns. The hottest network at the same time, also is a combination of these a few years, ali financial credit model, with a model on credit card lending mechanism innovation mode of circular, which provide a new service for commercial Banks to small micro enterprise tool. This paper focuses on the practice, is of great significance in reality.Single small micro enterprise loan transaction cost is difficult to measure, based on the data availability and accuracy, the agricultural bank of China2012years of financial data, calculate the county and city (except the county) the loan business cost ratio of interest income, thus reach the conclusion that high amount of small loan business cost, the loan amount is the important factors influencing the bank return on assets. The direct target of commercial Banks is to achieve their own profit, only to small business loans are profitable, the bank will only be lasting service small micro enterprise. Due to the small micro enterprise loan amount, short cycle, Banks in order to their own interests, in other conditions under the condition of equal, preference to make loans to the large and medium-sized enterprises loan transaction cost is low, so that the small micro enterprise reasonable loan demand is restrained.In this paper, the loan business happen did some simplified assumptions, the cost of using the formulas revolving loan model with conventional loans cost benefit difference, draw a revolving loan mode can effectively reduce the loan transaction cost. Analyzed the causes of the credit card revolving loan to reduce transaction cost, points out that the credit card revolving loan can widely promotion service enterprises.In recent years, with the rise of the Internet financial, ali financial small micro credit also received the recognition from the market. Ali financial loan mode based on electronic commerce revolving loan, studied in this paper, its development model, the analysis of the operation condition of the revolving loan pattern, and its loan transaction cost saving. The study found that ali financial networks revolving loan lending both sides of the transaction cost is greatly reduced, improve the financing efficiency, explain revolving loan mode can be effectively promoted.This study focused on lending transaction costs, and from the Angle of seeking to reduce transaction costs revolving loan pattern in-depth analysis, it is concluded that transaction cost is the important reason of restricting the banking services to small micro enterprise. Bank business and innovation of the tools should be actively, ali financial running shows that Banks in improving the efficiency of loans, lower transaction costs.