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Challenges Of Rural Microfinance In China - What Can China Learn From Bangladesh And Indonesia?, Shuyang Zhu

Senior Theses and Projects

Given that China has the largest rural population in the world, the demand of finance is very high. On one hand, Agricultural Bank of China (ABC) is moving to serve urban areas, and Rural Credit Cooperatives (RCCs), currently the most important source of formal credit in rural areas, are not doing very promisingly. On the other hand, nongovernmental programs-microfinance institutions (NGO-MFIs) have been performing well in terms of reaching the poor in the remote regions; however, due to the government’s regulations they are only allowed to offer loans but not to take any deposits, thereby limiting their future development and …