Notice of RetractionSystem innovation in the sustainable development of microcredit

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

To develop the sustainable microcredit can effectively solve the financing problems of financial vulnerable groups in counties. The inherent high risk and high cost in the running of microcredit requires system innovation such as market-oriented pricing to ensure the sustainable development of microcredit. For micro-entrepreneurs, the first question is the availability of funds, and the first priority for financial institutions is to provide “micro loans and intensive service”, so that the financial vulnerable groups with real financing needs can receive timely and comprehensive financial services of high-quality with dignity. Meanwhile, the government´s main task is to build a public service platform for financial institutions to obtain the soft information of financial vulnerable groups, so as to promote the development of microcredit market.