Problems of Micro-Credit Company Supervision and Related Suggestions

Abstract

The micro-credit company has obtained the good economic and social effect since becoming a pilot, however, micro-credit company has many problems on management : such as the lack of regulations, identity positioning is not clear, regulation subject is vacancy, internal control mechanism is weak etc., the existence of these problems directly affect specifications and health long-term development of micro-credit company. This paper presents that it should announce the micro-credit company related laws as soon as possible, clear the petty loan company’s non-bank financial institution attributes, gradually relax regulatory restrictions, lower the difficulties of “career change” for micro-credit companies and so on, provide a good legal environment and strong support for the long-term development of micro-credit company.
Key words: Micro-Credit company; Regulatory; Legislation microfinance