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| Research on the Key Elements of Providing High Quality Microcredit |
| CHEN Kuiming, CHEN Tong
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| College of Management and Economics, Tianjin University |
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Abstract Microcredit is an important tool of improving the economic status of vulnerable groups, also one of the key measures to promote financial inclusion. How to simplify the approval process, reduce the service cost of microcredit, with a relatively low default rate, is an outstanding issue in the industry. Based on the panel data of Hainan Rural Credit Cooperatives, this paper shows the main decisive indicators of microcredit “repayment rate” through building a Logit model; explains the link among “repayment rate”, “loan approval/loan application ratio”, and group size, using the curvilinear regression analysis. It further defines the optimal group size in microcredit group lending.
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Received: 18 April 2016
Published: 18 January 2018
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