Analysis of the Present Situation of Chinese Small Loan Company and Its Sustainable Development

摘要

In 2005, The People's Bank Of China decided to allow the establishment of small loan company and its policy that credit is included and deposit is excluded has attracted widespread attention since then. In the end of that year, the Rishenglong Small Loan Company was founded, which marked the new beginning of micro-credit. The emergence of small loan company has broken the monopoly of banking financial institutions, activated the rural financial market and provided customers who have different kinds of financial demands with differentiated products and services. In this paper, we analyze the present situation of Chinese small loan company and point out some problems it need to face in the process of their development. And in view of these problems, this paper puts forward constructive suggestions to ensure the sustainable development of small loan company in our country.