Analysis on the Impact of Private Credit on the Construction of Rural Households in Typical Highland Rural Areas -Taking Gongbo'gyamda County as an Example

Based on the survey data of 159 households in Gongbo'gyamda County, Linzhi City, Tibet in 2017, this paper analyzes the impact of rural private credit on the reconstruction and expansion of rural households on the basis of research on rural private credit. The results show that due to the lack of social welfare and formal financial institutions, the reconstruction and expansion of rural households is inseparable from the subsidies of rural private credit; housing reconstruction and expansion will reduce the quality of life of farmers in the short term. Rural private credit still occupies a certain market share and affects the lives of Tibetan farmers in a unique way. Rural private finance is a product of social development. It plays an important role in the rapid development of rural economy and the increase of farmers' income.