MicroCredit

MicroCredit on an individual or family as the core business loans, the main target for the majority of business self-employed, small workshops, small owners. The amount of loans is generally 20 million yuan, 1,000 yuan. Small loans are small loans in the technology and practical application of the extension. Microfinance in China: primarily serving agriculture, small and medium enterprises. The establishment of small loan companies, a reasonable number of private capital will be concentrated together, regulate the private lending market, but also effectively solve the agriculture, small and medium enterprises financing difficulties.
Successful model of foreign
Yunus founded the Grameen Bank microfinance model.
 Since the inception of Bangladesh Grameen Bank, microfinance has been warmly welcomed by the local poor people, nearly 6 percent of the borrowers and their families have been lifted out of poverty line. This pattern was quickly extended to Asia, Africa and Latin America, many developing countries has become a very effective approach to poverty alleviation.
 Bangladesh Grameen Bank model is a non-governmental organizations engaged in micro-credit model. Founded in 1974, 80 years in government support into a separate bank. Grameen Bank of Bangladesh farmers team-based organization, asked the same community with similar socio-economic status of poor people on a voluntary basis in the composition of lending groups to help each other select items, mutual supervision of project implementation, mutual commitment to loan repayment responsibilities. Banks to demand payment of the borrower's unsecured, short-term micro-credit, but requires farmers weekly installments. Grameen Bank of Bangladesh, while the lending requirements of our customers to open savings accounts, deposit amount up to a certain degree of time to buy shares of the Grameen Bank of Bangladesh, thus becoming the bank's shareholders. So far banks have loans to about 660 million people in more than 5.7 billion U.S. dollars, of which 97% of the borrowers are women, have repayment 50 billion dollars, the repayment rate of nearly 99%.
2006 Nobel Peace Prize winner Muhammad. Yunus said: "We work through several aspects, particularly poverty eradication. Meanwhile, there are the economic side, we have made many people did not deal with the economic problems , re-designed the economic philosophy, a great economic impact. "