Hongdao Investment Co., Ltd., Xinrong Asset Management Co., Ltd., Miaoyun Small Loan Co., Ltd.
(1) Small loans are comprehensive consumer loans focusing on individuals or enterprises. The loan amount is generally more than 1,000 yuan and less than 200,000 yuan. The application process generally requires a guarantee. Microfinance is an extension of microfinance in terms of technology and practical application. Small loans in China: mainly serve agriculture, rural areas and farmers, and small and medium-sized enterprises.
(2) The establishment of small loan companies rationally concentrated some private funds, standardized the private lending market, and also effectively solved the financing difficulties of rural areas, farmers, and small and medium-sized enterprises. Currently, there are also small personal loans provided for office workers, with the amount generally ranging from 1,000 to 5,000 yuan. Most of them do not require collateral, but credit and information review are relatively strict.
(3) Microfinance organizations are divided into two categories according to the characteristics of business operations: commercial and welfare, also known as institutionalism and welfarism. The former places more emphasis on institutional sustainability in microfinance management and target design, represented by the People's Bank of Indonesia; the latter focuses more on the role of projects in improving the economic and social welfare of the poor, represented by Grameen Bank of Bangladesh.
(4) Many companies stand out in small loans. For example, Ziqing Finance is a company that integrates wealth management, credit risk assessment and management, credit data integration services, small loan industry investment, and small and micro loans.