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The Luqiao Model of Microfinance Development

In: Microfinance and China's Regional Development

Author

Listed:
  • Wen Xiao

    (Zhejiang University)

  • Jiadong Pan

    (Zhejiang Institution of Administration)

  • Wenwu Xie

    (Zhejiang University)

Abstract

With a highly developed private economy, Luqiao District has been persistently improving its micro financial services and exploring a path for developing microfinance with Luqiao characteristics to ensure the healthy growth of Micro and Small enterprises (MSEs). Luqiao’s experience in developing microfinance is worth promoting to the whole country. Based on the analysis of the current status of microfinance in Luqiao, this chapter thoroughly explores the development of microfinance here and outlines the mature “Luqiao Model”. First, an analysis of the three orientations in its development is provided; Secondly, its five characteristics from business form and coverage are presented. Lastly, its three unique innovation modes are discussed.

Suggested Citation

  • Wen Xiao & Jiadong Pan & Wenwu Xie, 2023. "The Luqiao Model of Microfinance Development," Springer Books, in: Microfinance and China's Regional Development, chapter 0, pages 113-135, Springer.
    • Handle: RePEc:spr:sprchp:978-981-99-1960-4_4
    DOI: 10.1007/978-981-99-1960-4_4
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