小额贷款公司信用风险研究外文文献翻译

文献出处:Dietrich A. The Research of Small loan Company Credit Risk [J]. Small Business Economics, 2015, 8(4): 481-494.

原文

The Research of Small loan Company Credit Risk

Dietrich A.

Abstract

Microfinance is pointing to the tiny enterprises or individual enterprises provide credit service, small loans basic characteristics for the process simple, amount of small, unsecured, etc.The emergence of small loan companies before fill in the blank of traditional financial institutions, to ensure the development of small and medium-sized enterprises and individual enterprises need. However, due to the particularity of micro-credit Company itself exists, there are many deep level problems to be solved. Such as capital source, interest rate limits, etc., especially the credit risk control problem. Credit risk is the main risk facing microfinance institutions. Quality was monopolized by the original financial institutions, loan to customers rely mainly on credit personnel subjective judgments, the weakness of the service object group, partly due to the scarcity of high-quality professionals, in the specific operation and operation on the face of the numerous credit risk. Microfinance is a small loan company's core business, loan assets are an integral part of its assets, loan income is the main income, and credit risk will lead to microfinance institutions to produce a large amount of bad debts will not be repaid, will seriously affect the quality of credit assets. Previous management, risk management is equivalent to afterwards that the understanding for the loan risks management of collection, the processing of bad loans, etc.Practice has proved that this approach will only increase operating costs, and late is no guarantee of the company's asset quality. Risk control is the key to identify risk, credit risk is the main source of customers, choose good customer credit conditions at the time the loan is helpful to reduce the probability of credit risk. Therefore, we should from the source to control risk, when choosing loan customers, carefully screening customers, for customers to make the right evaluation. Key words: small loans; Credit risk; Prevention mechanism;

1 Introduction

The rise of small loan companies, making the private capital to enter the small loan companies, great convenience is provided for the small and medium-sized enterprises and individual industrial and commercial households.Microcredit in absorbing private capital at the same time, broaden the financing channels. As a legitimate financial intermediation, enriched the organization form of the financial system. It also makes a lot of in the "underground" sunlight to folk financing mechanism; standardize the order of the financial market financing. Small Loan Company’s gradual development, make it’s become important force in the future diversified financial market.

Small Loan Company since its establishment, has been for many small and medium-sized enterprises and individual industrial and commercial households offers a wide range of financial support, guarantee the good operation of the economy. However, small loans company also has a lot of problems. First of all, according to the small loan companies operating conditions, the management mode for the "credit not only to save”. Can’t absorb deposits, which are also the biggest different microfinance companies and Banks. So its sources of funding are mostly shareholder investment and bank lending. This leads to the size of its capital is limited by great, when it comes to an amount loan amount, small loan company's business is difficult to maintain. Second, the small loan company's clients are difficult to loan from the bank's clients, in this high quality customer was monopolized by the traditional financial institutions, small loans company greatly increase the credit risk. Because we can not from the credit status of customer credit systems, company surveys every loan applicants need to spend a lot of time and energy. Finally, small loan company's products are mostly unsecured, completely by customer credit loans, which accelerate the speed and efficiency of the loan, but at the same time, the company's capital safety not guaranteed, when customer default, can calculate the loss of the company. These weaknesses can require small loan companies from the source to control risk, makes every effort to do it by reducing the credit risk to the minimum.

In the process of field research, small loan companies do better on the credit risk