Microfinance International Experience and Enlightenment

Being in a new period of development,there are still many controversies about the development policies and mode of China microfinance.Therefore,the theoretical and practical significance is great to learn from foreign experience of microfinance development.In the historical process of more than 500 year international microfinance development,the encouragement of microfinance was the various countries' essential procedure.They chose the suitable one to develop microcredit model.At the same time,they stressed the commercialization of microfinance and sustainable development,microfinance monitoring efforts had been strengthened,and focused on microfinance risk control.The development of International microfinance provides useful lessons to the development of microcredit in China.China microfinance should change gradually the welfare model to the commercial model and microfinance interest rates should follow market principles,On the other hand,microfinance institutions should constantly consolidate the basis of their own development and regulate development and strengthen supervision.