||There are almost ten billions poor people all over the world. These people can’t achieve official financial services due to the lack credit history and official income records. For this reason the developing special finance institutes to provide poor people a reasonable way to borrow or lend money has become a very important issue. In this study we introduces one kind of these special finance institute—microfinance (Grameen Bank in Bangladesh is a represent ). Besides we discuss some empirical studies about microfinance, analyzes some indicators for measuring financial services, some methods for evaluating microfinance and its effect. Moreover, this thesis also introduces the effects of Da-Cheng city commercial bank in Mainland China to provide microfinance, the hardships which Da-Cheng city commercial bank met during developing microfinance and the history of Citizen bank to develop microfinance. The result showed that the these decisions not necessarily lead to increase income of households. In the other words, microfinance does not necessarily lead to alleviate poverty. Moreover we also mention that people can use residual value method to price microfinance (only applies to these companies with stable capital structure). Moreover, microfinance has features of high quality of assets and low beta. So, investors can reduce volatility of portfolio by holding stock of companies which provide microfinance. Further, Da-Cheng commercial bank and Citizen bank contribute a lot to alleviate poverty. Finally, we hope the Taiwan government can provide poor people formal methods to achieve financial services in order to create a broader way to improve the economy growth rate of Taiwan.|
﹝1﹞「2007年大慶市商業銀行微貸業務發展情況調查」。2010年3月28日，取自http://scholar.ilib.cn/A-Q code~dqshkz200702031. html。
﹝11﹞Banerjee A. et al., “The miracle of microfinance? Evidence from a randomized evaluation”, MIT Department of Economics and Abdul Latif Jameel Poverty Action Lab working paper, May 2009.
﹝12﹞Citibank, Citizenship report, 2007.，取自http://www.citigroup.com/citi/citizen/data/citizen07_en.pdf。
﹝13﹞Citibank, Citizenship report, 2008.，取自http://www.pewclimate.org/docuploads/citi 2008 pdf。
﹝14﹞Gertler P., Levine D.I., Moretti E., “Do microfinance programs help families insure consumption against illness?” Health Economics, Vol. 18, Issue 3, pp257-273, July 2008.
﹝15﹞Hartarska V. and Nadolnyak D., “An impact analysis of microfinance in Bosnia and Herzogovina”, World Development, vol. 36, issue 12,pp 2605-2619, December 2008.
﹝16﹞Kneiding C. et al, “Shedding Light on Microfinance Equity Valuation: Past and Present”, J.P.Morgan global research, February 2009.
﹝17﹞Karlan, D., Zinman, J. “Expanding microenterprise credit access: Using
randomized supply decisions to estimate the impacts in Manila.”, Yale
University, Dartmouth College, and Innovations in Poverty Action Working
﹝18﹞Kiiru J., Mburu M., Flohberg J.K.,“Does Participation in Microfinance Programs Improve Household Incomes: Empirical Evidence From Makueni District, Kenya ”, African Association of Agricultural Economists (AAAE) 2007 Second International Conference, pp 53-58, Accra, Ghana, 20-22 August, 2007.
﹝19﹞Khandker S.R, “Micro-Finance and Poverty: Evidence Using Panel Data from Bangladesh.” World Bank Economic Review forthcoming, 2005.
﹝20﹞Krauss N. and Walter I., “Can Microfinance Reduce Portfolio Volatility? ” New York University working paper, February 2008.
﹝21﹞Maldonado, Jorge, et al. “The Influence of Microfinance on the Education Decisions of Rural Households: Evidence from Bolivia.” , Presented at the 2003 Annual Meeting of the American Agricultural Economics Association, Montreal, Canada. 27-30 July 2003.
〔22〕Mundial B. “World Development Report 2008: Agriculture for Development”,
﹝23﹞Nghiem H. S., Coelli T., Rao P., “The welfare effects of microfinance in Vietnam: empirical results from a quasi-experiment survey”, the 51st Annual Conference of the Australian Agriculture and Resources Economics Society , Queenstown, New Zealand,13-16 February 2007.
﹝24﹞Mylenko N. et al. “Financial Access 2009: Measure Access to Financial Services around the World ”,The World Bank research report,2009.
﹝25﹞Rumelt R. P. “Strategy, Structure and Economic Performance. Harvard University Press”, Cambridge. MA. 1974.
﹝26﹞Rosenberg R. “Measuring Results of Microfinance Institutions Minimum Indicators That Donors and Investors Should Track”, The World Bank research report, June 2009.