Microfinance is a comprehensive consumer loan with individuals or enterprises as the core. The loan amount is generally more than 6,543,800 yuan and less than 200,000 yuan. The treatment process generally needs to be guaranteed. Microfinance is an extension of microfinance in technology and practical application. Microfinance in China: It mainly serves agriculture, rural areas and small and medium-sized enterprises.
The establishment of small loan companies has rationally pooled some private funds, standardized the private lending market, and effectively solved the financing difficulties of agriculture, rural areas and small and medium-sized enterprises. There are also personal micro-loans for office workers, generally ranging from 1 1,000-50,000 yuan. Most of them don't need mortgage, but the credit and information review is strict.
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From the international popular point of view, micro-credit refers to small and continuous credit services for low-income groups and micro-enterprises. Its basic characteristics are small amount, no guarantee, no mortgage and serving the poor. Microfinance can be provided by formal financial institutions and specialized microfinance institutions or organizations.
Microfinance organizations can be divided into two categories according to the characteristics of their business operations: commercial and welfare, also known as institutional and welfare. The former emphasizes the institutional sustainability of microfinance management and target design, represented by the People's Bank of Indonesia. The latter pays more attention to the role of the project in improving the economic and social welfare of the poor, represented by Bangladesh Rural Bank.
Many enterprises stand out in microfinance. For example, Ziqing Finance is one of the leaders in the comprehensive P2P field, which integrates wealth management, credit risk assessment and management, credit data integration services, microfinance industry investment, microfinance consulting services and transaction facilitation to provide customers with comprehensive and personalized financial services in inclusive finance.
Yibaotong focuses on capital lending in the field of construction engineering, providing comprehensive network services for small and medium-sized enterprises to start businesses, finance business funds and personal consumption loans. Build the fastest financing platform for small and micro enterprises and private capital, actively explore the best way in the field of debt financing, and strive to build a high-speed, effective and legal peer-to-peer lending platform with characteristics.
Lenders and borrowers will pair up independently to solve the most urgent loan and financing problems for individuals and small and medium-sized enterprises in China. Solving the problem of the poor is a great difficulty for most countries in the world, because all kinds of social problems caused by poverty will lead to the turmoil of the whole country. By improving the economic situation of low-income people, microfinance can greatly increase the effective demand of the whole society and promote social investment and production and national economic development.