Showing posts with label MicroCredit. Show all posts
Showing posts with label MicroCredit. Show all posts

Thursday, October 14, 2010

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.