Jia Xiangde just didn’t know what to do when, five years ago, he lost his job at a state-owned chemical factory. He was given mi "unemployment pay" of 200 yuan (US$24.1) per month for his family of seven. &...Jia Xiangde just didn’t know what to do when, five years ago, he lost his job at a state-owned chemical factory. He was given mi "unemployment pay" of 200 yuan (US$24.1) per month for his family of seven. "My wile had no job and life was really hard for us," he recalls. "I had thought I would be done for until the government stepped in to help. I got a petty loan from the government, and that has helped me turn a new leaf in life."展开更多
This article uses discriminant sampling method to select 1062 small and micro enterprises from 25 provinces in China. Researches were conducted on their credit demand and credit behavior, with the Probit model to carr...This article uses discriminant sampling method to select 1062 small and micro enterprises from 25 provinces in China. Researches were conducted on their credit demand and credit behavior, with the Probit model to carry out metrologic tests on influential factors of these enterprises' credit demand and credit behavior.The metrologic analysis shows: Literacy level of leader, asset size, annual revenue of the enterprises have significantly positive effects on the credit demand of these small and micro enterprises. Annual revenue has significantly negative influence on overall credit behavior and the occurrence of informal financial behavior, but significantly positive influence on the occurrence of formal financial behavior. Literacy level of staff and asset size of enterprises have significantly positive influence on the occurrence of the overall credit behavior of small and micro enterprises.展开更多
We establish the comprehensive evaluation indicator system for sustainable development of micro-credit,constituted by the profitability ratio,financial constitution ratio,loan quality ratio and operating efficiency ra...We establish the comprehensive evaluation indicator system for sustainable development of micro-credit,constituted by the profitability ratio,financial constitution ratio,loan quality ratio and operating efficiency ratio.Taking the case of micro-credit of China Foundation for Poverty Alleviation,we measure the current situation of sustainable development of micro-credit.As far as we are concerned,the composite index of sustainable development of micro-credit shows the growth trend on the whole.Finally,in order to further improve the sustainable development of microcredit,provide farmers with better financial services and enable more farmers to benefit from micro-credit,we put forth the following recommendations:strengthening technological innovation to reduce costs and improve operating efficiency and profitability of the micro-credit;strengthening risk control to improve the quality of loans;providing all-around non-financial services to lay the foundation for the sustainable development of microcredit;setting an appropriate level of interest rates to improve the profitability of the institutions.展开更多
There are problems of inadequate natural endowment and weak stamina in the development of micro-credit loans to farmers in China. Specifically,existing problems include narrow profit space,serious non-agricultural tre...There are problems of inadequate natural endowment and weak stamina in the development of micro-credit loans to farmers in China. Specifically,existing problems include narrow profit space,serious non-agricultural trend of funds,high dependence on government support,short life cycle,and constantly increasing operating risks. These problems are related to endogenous drawback in design,defect in operating procedure,lagging in relevant policies and measures,and vacancy in risk compensation mechanism.展开更多
文摘Jia Xiangde just didn’t know what to do when, five years ago, he lost his job at a state-owned chemical factory. He was given mi "unemployment pay" of 200 yuan (US$24.1) per month for his family of seven. "My wile had no job and life was really hard for us," he recalls. "I had thought I would be done for until the government stepped in to help. I got a petty loan from the government, and that has helped me turn a new leaf in life."
基金subsidized by Ministry of Education Humanities and Social Sciences Planning Fund(11YJA790146) "Coordinated Development of Urban and Rural Finance Research in Dual Economic Structure"Southwestern University Research Funds for the Central Universities Special Funds for Basic Items(SWU1009002) "Coordinated Development of Theoretical Research in Dual Economic Structure in Rural Finance"+1 种基金Chongqing talents project "Chongqing Urban and Rural Finance Coordination development Research"National Social Science Fund Project (12CJY062) "Construction of Rural Supporting Financial Systems and Innovation Research",national Social Science Fund Project(10BJY082) "Rural Microfinance Institutions Innovation and Risk Control Study" and "Statistics First-level Discipline and Doctoral Discipline Construction Funds in Southwestern University"
文摘This article uses discriminant sampling method to select 1062 small and micro enterprises from 25 provinces in China. Researches were conducted on their credit demand and credit behavior, with the Probit model to carry out metrologic tests on influential factors of these enterprises' credit demand and credit behavior.The metrologic analysis shows: Literacy level of leader, asset size, annual revenue of the enterprises have significantly positive effects on the credit demand of these small and micro enterprises. Annual revenue has significantly negative influence on overall credit behavior and the occurrence of informal financial behavior, but significantly positive influence on the occurrence of formal financial behavior. Literacy level of staff and asset size of enterprises have significantly positive influence on the occurrence of the overall credit behavior of small and micro enterprises.
基金Supported by Graduate Research Innovation Fund of Hunan Province(CX2010B311)
文摘We establish the comprehensive evaluation indicator system for sustainable development of micro-credit,constituted by the profitability ratio,financial constitution ratio,loan quality ratio and operating efficiency ratio.Taking the case of micro-credit of China Foundation for Poverty Alleviation,we measure the current situation of sustainable development of micro-credit.As far as we are concerned,the composite index of sustainable development of micro-credit shows the growth trend on the whole.Finally,in order to further improve the sustainable development of microcredit,provide farmers with better financial services and enable more farmers to benefit from micro-credit,we put forth the following recommendations:strengthening technological innovation to reduce costs and improve operating efficiency and profitability of the micro-credit;strengthening risk control to improve the quality of loans;providing all-around non-financial services to lay the foundation for the sustainable development of microcredit;setting an appropriate level of interest rates to improve the profitability of the institutions.
文摘There are problems of inadequate natural endowment and weak stamina in the development of micro-credit loans to farmers in China. Specifically,existing problems include narrow profit space,serious non-agricultural trend of funds,high dependence on government support,short life cycle,and constantly increasing operating risks. These problems are related to endogenous drawback in design,defect in operating procedure,lagging in relevant policies and measures,and vacancy in risk compensation mechanism.
