Читать книгу Rural Finance in Poverty-Stricken Areas in the People's Republic of China - Xuechun Zhang - Страница 43

Most rural households, especially those running small and medium-sized rural enterprises, have difficulty accessing credit. With commercialization, the ABC has abandoned some branches and merged others. Meanwhile, the mode and means of RCC services cannot meet the demands of rural households or rural economic development. Although RCCs have increased microfinance lending to rural households, loans to small and medium-sized rural enterprises have been shrinking significantly. In addition, because microfinance loans largely depend on PBC agriculture onlending, they feature high transaction costs and loan sizes are small. With the fixed interest ceiling, RCCs can hardly maintain their microfinance operations in the long run. In many central and western provinces, loss-making RCCs are unable or unwilling to lend to rural households, whereas PBC onlending for agriculture is unequal to the demand for credit, forcing farmers to depend on borrowing from relatives, friends, or informal sources. The government’s poverty alleviation loans through the ABC can barely accommodate rural households.