Obstacles and Opportunities for Microcredit Companies Developing in the Countryside Dissertation Presented in Partial Fulfillment of the Requirements for Master of Arts in the Graduate School of The Ohio State University By Alan Richard Jameson, B.A. Graduate Program in East Asian Languages & Literatures The Ohio State University 2009 Dissertation Committee: Dr. Galal Walker, Advisor Dr. Wang Jianqi
Copyright by Alan Richard Jameson 2009
Abstract The purpose of this paper is to explore whether microcredit companies can provide competitive service to village level rural households. In order to explain why the paper specifically researches microcredit companies, it will first introduce the microcredit s current situations and historical development in China. Afterwards, the focus of the research is the design of a survey based on a single microfinance company s loan products and requirements, thereby understanding whether the microfinance company s loan terms can attract rural households. Several researchers have already done rural microfinance demand surveys, but the vast majority were done before the existence of microfinance companies. As a result, their main goal is to understand the rural demand for loans. These surveys do not completely explain whether rural households can attract profit-seeking microfinance companies. By analyzing other surveyors research and conducting an additional rural demand survey, this paper hopes to explore the opportunities and obstacles of microfinance companies developing in the countryside. ii
Dedication Dedicated to the students at The Ohio State University iii
Vita 2002 Columbia High School 2006 B.A. Gov./E.A. Studies, Lawrence University Fields of Study Major Field: East Asian Languages & Literatures Minor Field: Chinese Minor Field: Microfinance iv
Table of Contents Abstract ii Dedication... iii Vita... iv List of Tables... vi List of Figures.. vii Chapter 1: Introduction.. 1 Chapter 2: Historical Synopsis of Microfinance s Development.. 3 Chapter 3: Current Domestic Microfinance Institutions 10 Chapter 4: Why Research Microfinance Companies Specifically?... 13 Chapter 5: Why Research MicroCred Nanchong Specifically?... 16 Chapter 6: MicroCred Nanchong s Loan Terms 21 Chapter 7: Interview Content. 22 Chapter 8: Survey Sample.. 24 Chapter 9: Survey Result 26 Chapter 10: Conclusion.. 32 References... Appendix A: Microcred Nanchong s History Current Situation... 36 Appendix B: Microcred Nanchong s Current Operations.. 37 Appendix C: Interview Form.. 39 v
List of Tables Table 1.. Table 2... Table 3.. Table 4.... Table 5. vi
List of Figures Figure 1...... 18 Figure 2...... 24 Figure 3. 27 Figure 4.... 28 Figure 5. 28 vii
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