Since 1970s, small and micro financial institutions, represented by Grameen Bank in Bangladesh, began to provide mortgage-free micro-credit for low-income families by granting loans to United Insurance Group. This kind of loan has the advantages of small amount, simple procedures, high repayment rate, high interest rate and strong sustainability. It has achieved certain success and set off a "micro-financial revolution". The significance of rural commercial banks as a micro-credit department: Since 1970s, micro-financial institutions, such as Grameen Bank in Bangladesh, have started to provide low-income families with micro-credit without mortgage guarantee by granting loans to United Insurance Group. This kind of loan has the advantages of small amount, simple procedures, high repayment rate, high interest rate and strong sustainability. It has achieved certain success and set off a "micro-financial revolution".
Since 1970s, small and micro financial institutions, represented by Grameen Bank in Bangladesh, began to provide mortgage-free micro-credit for low-income families by granting loans to United Insurance Group. This kind of loan has the advantages of small amount, simple procedures, high repayment rate, high interest rate and strong sustainability. It has achieved certain success and set off a "micro-financial revolution".