With the success of the microfinance model in foreign countries, China began to explore microfinance in 1993 by learning from the Grameen bank of Bangladesh. Since 1996 the government has stepped in to provide microcredit, mainly in agriculture, with funds and discount loans. In August 2007, Hainan rural credit cooperatives was approved and established by the central bank and the China banking regulatory bureau. It has successively launched "one small access", "farmers co-insurance loan" and other micro-credit products in line with Hainan's own actual situation, which has promoted the development of Hainan rural economy to a certain extent. The micro-credit business of Hainan rural credit cooperatives is developing well on the whole, and in 2017, Hainan rural credit cooperatives "one small channel" multi-channel loan platform won the Hainan science and technology progress award.
After years of development, Hainan rural credit cooperatives have made great contributions to the development of Hainan rural economy, but there are also many problems. Based on this, this paper studies the development of credit business of Hainan rural credit cooperatives, and puts forward corresponding countermeasures.
Keywords: Hainan Rural credit cooperatives Credit business
