Small loan companies to explore new ways for financial services

The birth of small loan companies to some extent, solve the financing problem of SMEs, but also solved the problem of insufficient operating funds in rural areas, existing financial institutions it is an effective supplement. In all aspects of promotion, small loan companies are springing up rapidly, within Zhejiang Province, has set up more than 100 small loan companies.

Small loan companies because the procedures simple, flexible operation, the amount is moderate, the advantage of risk diversification, the company can attract a certain amount of shareholder funds directly into the financial market and banking through its own credit Huode credit, through financing, bank loans large small loans for a number of document decomposition, play a role in platform conversion.
Meanwhile, small loan companies to some extent reduce the threshold for SME financing. SMEs in small scale, low mortgage assets, the security co-operation difficult, very difficult to obtain loans from banks. Small loan companies with a flexible mechanism for reducing the threshold of small business financing to help a number of difficult access to bank credit through traditional channels to solve the problem of financing SMEs.

As a small loan company, Zhejiang Province, the first pilot unit, Shaoxing County, Inc. Huijin small loans to increase their investment, the registered capital increased to 400 million yuan. The company "services for SMEs, the promotion of three rural development", around the "laying the foundation, creating features, take the forefront of the" work objectives, to open the market, expanding the impact created a character among the various indicators of the province the forefront, 2009 loan, "no late, no less interest, no bad," a small province in the benchmark lending company.

Small loan companies to do good "little article", adhere to differentiated services, the banks are reluctant to do, do not want to do, not credit loan customers as the basis for their own customers. Facing vulnerable groups, to take a strong service and establish the "inclusive" financial system. Huijin set up a small customer incubation room, full-service students entrepreneurs, Textile City Market business households, micro and small enterprises, low-end customers, as they go through the loan procedures, to provide financial advisory services. Since our company is located in the "China Textile City" the reputation of the Male and Female Textile City has a business account 13000, 100 000 people on traffic, business space is very wide. Textile City, our company and 15 major trade associations, chambers of commerce for the China Textile City, relying on market operators to provide users convenient and efficient microfinance services.

Small loan company to close "agricultural shop" and the promotion of "three rural" development is a major tenet our company, we are actively exploring service "three rural" new economic mechanism has also made positive efforts.
One organization "Agriculture" loans squad before the survey started loans. Visited one by one engaged in agricultural production, management and processing of agricultural products such as Farmer Cooperatives target customers, customer demand for loans-site consultation.

Second, the implementation of agricultural loans, "3 +1" (the company, leading agricultural, farmers + agricultural bureau) mode. Shaoxing County more agricultural leading enterprises, and better efficiency, but the agricultural leading enterprise-scale farmers scattered subordinate species, the lack of liquidity, has no effective collateral, financing is very difficult. To effectively address the problem of financing the part of farmers, through the County Bureau of Agriculture recommended by the agricultural leading enterprises of agricultural species of fish farmers focus on security, corporate loans in a timely manner, creating a new model of agricultural loans.

Third, try a new way of security. With the party contracting, the contractor signed a tripartite agreement to agricultural species of fish farmers of the land, water or ponds and other rental rights to pledge priority for processing the loan procedures, effective solution to the part no effective collateral and guarantor of the farmers of the financing problem.

Fourth, two villages located in the "Department of Agriculture" loans pilot, providing small farmers in mountainous areas, low-cost agricultural loans. We introduced "species of interest credit," "agricultural interest loans" series "Meeting farmers" lending products, simplicity, the interest rate concessions to meet the real needs of farmers.