Study On The Issues Of The Development Of Micro-Credit In Henan Province

Since the 90s of the 20th century, with state-owned commercial banks gradually abolished in rural areas of business outlets, increase the urban areas of the layout of the market, financial institutions supply in the rural area of our country seriously lagging behind in the financial needs of rural areas, serious impact on the rural economic development and social stability. Henan province is one of China’s traditional agricultural province, agricultural province, the agriculture faced financial problems more severe. Therefore, the local government formulation various preferential policies, to promote a variety of market power in the rural areas, actively support the financial development in rural areas of our province, and gradually formed a harmonious coexistence of traditional financial institutions in rural areas and new financial institutions financial market competition situation. And as the most representative of the Microfinance in rural area of new financial institutions, in Henan Province has been rapid development, in the county economy and rural small and micro enterprises, agricultural production and the development of large support and other aspects play an important role, and promote sound and rapid development of Henan Province "three rural" cause.Since 1994, to carry out the work of rural microfinance, Henan Province formed, including the Agricultural Development Bank of China branch in Henan Province, the Agricultural Bank of China branch in Henan Province, Henan Branch of China postal savings, Henan Province Rural Credit Cooperatives and other traditional rural formal financial institutions, including rural banks, small loan companies, non-governmental organizations (NGOs), the new rural non formal financial institutions, including the diversification of rural microfinance supply main body, to meet the needs of borrowing funds in the different types of farmers and rural small and micro enterprises, promote the gradual improvement and development of rural financial market in Henan Province. In recent years, the development of micro credit in rural areas is particularly rapid, the scale of credit business has been gradually expanded, and the scale of rural microfinance business in Henan province is growing at a faster rate than the national average. Farmland management right of mortgage and other measures also gradually to reduce credit loan difficulty, also set up including direct compensation and indirect compensation more perfect micro credit risk compensation mechanism, the microfinance industry regulation also gradually entered the formal.At the same time, there are still many problems in the development of micro credit in rural areas of Henan province. It also restricts the healthy and orderly development of rural financial market in Henan province. The Rural Micro Credit supplier development is not balanced, dominated by the traditional formal financial institutions, lack of Rural Micro Credit Development of new-type rural financial institutions; second, existing the imbalance between supply and demand in the rural micro credit; third, with respect to the needs of rural economic and social development, are still insufficient in total amount of rural micro credit development; fourth, rural micro credit risk management is still large; fifthly, supervision of rural microfinance industry to be further improved and strengthened. Based on this, on the basis of the analysis of the microfinance development pattern and successful experience at home and abroad, and based on this proposed to facilitate optimization countermeasures and suggestions for the development of Henan Province Rural Micro Credit.