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China was the first to engage in rural microfinance.
From 65438 to 0994, the micro-credit model was introduced to China. At first, this model was only an attempt to solve the problems existing in the rural poverty alleviation discount loan project. It was not until 1996 that the small loan credit received the government's attention and entered the development stage of government poverty alleviation.

Small loans can also promote economic development. You can give more people more money to do what they think is right. This kind of thing can also promote the development of the country, and it is also an act advocated by a country. Now there are more and more loans, which shows that loans are also a behavior that is more in line with national conditions.

I hope my answer is helpful to you.