Microfinance is a banking service targeting people living with poverty or low income. By a series of banking innovations it resolved the difficulties for financing institutions to provide credit loan services to poor or low income people and lower risks and achieve financial self-sufficiency at the same time.
　　According to the experience of international microfinance development, establishing a professional association is an effective way to ensure and instruct this institution’s healthy development. The People’s Bank of China is considering this policy proposal. This objective of establishing China Association for Microfinance is to promote, by means of domestic and international cooperation, our country’s microfinance poverty alleviation, make contribution to the social objective to build a well-off society in an all-round way. CAM will have the following effects:
　　1st, strengthening policy coordination, seeking developing policy environment for MFIs and providing them with policy instructions;
　　2nd, assisting national banking administrative authorities in statistic and supervising on MFIs, conducting profession self discipline and making business standards;
　　3rd, providing information and personnel exchange and relevant service;
　　4th, providing technical support as trainings to MFIs in order to enhance their management level;
　　5th, Raising more supporting funds by means of international cooperation and others measures for MFIs enlarging their size to provide services to more people living with poverty.
　　As the official website of China Association for Microfinance, China microfinance development network (www.chinafmi.net) will become a powerful platform for the microfinance industry communication throughout the country. Through this website, the MFIs will be united to build a strong community for China’s microfinance development. The website will show our country’s microfinance achievement collectively to the world and promote a domestic and international communication on microfinance developing issues and experiences.
　　China microfinance development network (www.chinafmi.net) will provide services like BBS, news and activity information, MFI information searching etc. to MFIs, governmental authorities, microfinance investors, microfinance researchers and other partners.
　　MFIs in China can become members of China Association for Microfinance by registration in this website. Members will enjoy the industry information sharing, technical support, profession skill training, funds raising and other services.