The development of rural microfinance is significant in promoting rural economic and social development, solving the issues of "agriculture, rural areas and farmers", promoting the overall urban and rural construction, and improving the financial service system in China. The development of rural microfinance must balance the public welfare, commercial and social benefits, and should never deviate from the legal principles of safeguarding farmers' right to survival and development. We also need to set the accurate value target, improve the corresponding policies and legal system, enhance the staff's professional quality, and establish its own system of governance structure.