• OpenAccess
  • Microfinance in Fisheries in China  [AEC 2015]
  • DOI: 10.4236/jss.2015.35001   PP.1 - 4
  • Author(s)
  • Xiaojing Wang
  • Because of lack of collateral and formal financial information, family aquacultures and small boat owners find it difficult to get loans from formal financial institutions. Fishery microfinance can partly solve the information asymmetry and incomplete contract problems in rural financial market, and it is an effective complement to formal fishery finance. The service object of fishery microfinance is mainly micro-enterprises in fisheries, including family aquacultures and small fishing boats. Fishery microfinance providers include formal financial institutions and many kinds of micro-financial institutions, among which China Fishery Mutual Insurance Association (FMIA) is the most famous one. Although micro-finance has a 20-year-history in China, there are still some problems that block its advance. The market is huge, but the existing providers are not providing good services and most are not sustainable. There is still a long way towards commercial operation and financial sustainability.

  • Microfinance, Micro-Credit, Fishery
  • References
  • [1]
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    Jiao, J.P. and Yang, J. (2006) Microfinance and Rural Financial. China Financial Press, Beijing.
    China Fishery Mutual Insurance Association (FMIA) (2010) Micro-Credit in Fishery Helped Fishery Industry. China Fishery, 8, 21.
    Du, X.S., Zhang, B.M., Liu, W.P. and Sun, R.M. (2005) China Microfinance Ten Years. Social Sciences Academic Press, Beijing.
    Yang, G.B. and Hu, R.L. (2007) The Development of Micro-finance in China. Reform and Strategic, 10, 53.
    Lin, L.Q. (2007) International Microfinance Development Expe-rience and Enlightenment. Science and Technology and Industry, 10, 77-80.

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