Author : Asian Development Bank
Release : 2015-01-01
Genre : Business & Economics
Kind : eBook
Book Rating : 581/5 ( reviews)
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Book Synopsis Access to Finance by : Asian Development Bank
Download or read book Access to Finance written by Asian Development Bank. This book was released on 2015-01-01. Available in PDF, EPUB and Kindle. Book excerpt: The People's Republic of China (PRC) has adopted a more market-oriented approach by promoting rural microfinance, pursuing bottom-up innovations such as group lending, various forms of guarantees, new financial products based on purchase orders and insurance policies, and better incentives for agriculture funding from financial institutions. In 2009, the PRC sought the assistance of the Asian Development Bank to study how to optimize policy choices in rural finance using both top-down and bottom-up approaches. This report presents the findings of that rural microfinance study, including valuable lessons learned from several pilot microlending programs conducted in selected provinces in the PRC. It then analyzes outstanding issues in the country's rural and microfinance markets that need to be addressed more vigorously.