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To Learn from Lending Crisis in WenZhou and Find the Future Development of Microfinance in Our Country
Author: WangZuoZuo
Tutor: LuoRongHua
School: Southwestern University of Finance and Economics
Course: Financial
Keywords: Microfinance Commercial Banks Small loans company Innovative development
CLC: F832.4
Type: Master's thesis
Year: 2013
Downloads: 71
Quote: 0
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Abstract
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Microfinance was introduced as a new thing that has received recognition around the world soon after, it not only can be used as one of the means for poverty alleviation, but also can become auxiliary power to promote the development of economy. Along with the government increasing spending on "three rural" industry and supporting the small and medium-sized enterprises financing, microfinance will have a huge market demand and favorable policy environment, what’s more it is expected to rise rapidly and become an important force in financial markets. At present our country has formed a multi-level, diversified pattern of microfinance market. The service object mainly includes: small and medium-sized enterprises, self-employed, farmers and so on. But credit crisis in WenZhou makes people reconsider the current situation of the small loans business, even though microfinance industry has got the supporting of national policy, but it has not yet formed a certain scale of the industry.Although there are numbers of small loans company, but most of them have a weak ability to resist risk.This article investigates the current situation of microfinance in our country’s commercial Banks and small loans company. Compared with foreign countries in the field of microfinance, we find the success and failure cases, and we should learn from these examples so that we can explore a right road for China’s development of microfinance.
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CLC: > Economic > Fiscal, monetary > Finance, banking > China's financial,banking > Credit
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