Characteristics of inclusive finance

1, with narrow customer coverage. Inclusive finance mainly serves all customers, focusing on the breadth and depth of services, and extending the financial Hui Ze to all economic participants with reasonable financial needs to the maximum extent, so that all economic participants can enjoy the fruits of financial development. According to the classified analysis of customers, different social groups have different financial needs, and the development of inclusive finance can meet the targeted financial needs of these social groups. High-net-worth customers have been monopolized by traditional financial institutions, and their financial needs have been greatly met. Customers in inclusive finance are more concentrated in low-net-worth customers. According to the analysis of regional distribution, the development of inclusive finance should be able to improve the diversified and targeted financial needs of residents in different regions. At present, the financial needs of relatively developed areas such as cities and towns can generally be met, because there are more financial institutions and better infrastructure, and the vast rural areas and relatively remote areas should be the key targets of inclusive finance's services. However, due to the lack of physical outlets and poor network infrastructure in poor and backward areas, it is difficult for traditional financial institutions to cover all areas of people's livelihood and meet the financial needs of farmers in towns and more developed rural areas, farmers in vast backward and remote areas and small and medium-sized enterprises.

Brief introduction of function expansion;

1, single-family yield is low. Based on the analysis of the development status of inclusive finance, low-and middle-income groups, residents in poverty-stricken areas and small and medium-sized entrepreneurs are the key clients of inclusive finance. The common characteristics of these customers are low income, small economic scale and complex financial needs, but the income obtained by traditional financial institutions from single households is low. In other words, inclusive finance mainly helps the low-end and backward customer groups that traditional institutions are unwilling to help, so that these groups can truly enjoy the fruits of financial development. Generally speaking, however, whether these customer groups actually handle deposit business or loan business, their single amount is very small, and when financial institutions handle business for these customers, their costs are relatively fixed, which leads to the low rate of return of traditional financial institutions when developing single households. Take the loan business of small and micro enterprises as an example. Under normal circumstances, the loan amount of small and micro enterprises is only 0.5% of that of large enterprises, and the loan amount is five times that of large enterprises. The cost of loans from traditional financial institutions to small and micro enterprises is fixed, which makes the cost of loans from traditional financial institutions to small and micro enterprises six or seven times that of loans to large enterprises.