Research On The Influencing Factors Of Microfinance Demand For Poverty Alleviation In A County Of Hubei Province

Poverty alleviation is the focus of the government’s work in recent years.As an effective anti-poverty means,micro-credit has been popularized throughout the country.Many empirical studies show that micro-credit can promote the increase of farmers’ income and the development of rural economy.At the same time,rural economic development can promote income growth,more use of financial means to promote the development of micro-credit.Promoted by the government,micro-credit for poverty alleviation has been carried out throughout the country.Although it is encouraged at the policy level,there are certain requirements for applicants’ credit,credit willingness,employment and entrepreneurship potential,skill quality and repayment ability.This paper studies the development of micro-credit at home and abroad and its influencing factors,elaborates relevant theories,summarizes the problems in practice according to the practice of poverty alleviation micro-credit in A County of Hubei Province:the information communication between governments at all levels,between governments and lending banks,and between lending banks is not smooth;the second is that at present,poverty alleviation micro-credit is only engaged in production by farmers.Provide channels to address the shortage of funds,but their other funding needs have not been met.Thirdly,the micro-credit for poverty alleviation is dominated by the government while the autonomy of the peasant households is weak.Logistic model is used to analyze the influencing factors of the demand for micro-credit for poverty alleviation.It is found that factors such as operating income,education level,contracted land area,age of household head,borrowing ability,whether to enjoy industrial poverty alleviation policy,and the effect of cadres in villages have an impact on the demand for micro-credit for poverty alleviation.Based on the information obtained in the survey and the results of empirical research,some suggestions are put forward: attaching importance to vocational education,strengthening cooperation among financial institutions,improving the service capacity of financial institutions,using information technology to improve efficiency,playing a market role,respecting the wishes of poor households and reducing government intervention.