Information Reform and Efficiency Improvement of Traditional Micro Finance: Case of CD Finance

Lianyun Zeng () and Jiahong Shi ()
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Lianyun Zeng: Renmin University of China
Jiahong Shi: Renmin University of China

Chapter Chapter 5 in Inclusive Finance in China, 2021, pp 175-209 from Springer

Abstract: Abstract CD Finance is dedicated to providing mortgage-free, efficient and green micro-credit services to rural population in poverty. In order to solve the issue of high cost and high risk of the traditional micro-credit model, CD Finance has successfully spread the use of mobile phones and non-cash transactions through the innovation of digital information technology, and lowered labor cost and capital risk by means of the internal flat management system reform, enabling famers to acquire loans more conveniently and efficiently. CD Finance also cooperates with big data microloan companies, and they have achieved mutual benefit and are making every effort to explore the micro-credit industry through “Internet + targeted poverty alleviation”.

Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-981-16-1788-1_5

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DOI: 10.1007/978-981-16-1788-1_5

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