Abstract: Microloans refer to loan services provided to low-income groups. In the early years following the founding of the People's Republic of China, Tianjin experienced rampant speculation and high inflation, leading to a lack of operating capital among small businesses. The Cooperative Department of the People's Bank of Tianjin was the first to pilot microloan services, subsequently collaborating with the banking sector to establish the Tianjin Microloan Consortium. From its inception in August 1950 until its closure in June 1952, the consortium significantly assisted small businesses in Tianjin by providing essential support for their production and distribution activities. In collaboration with the People's Bank of China, it helped combat black market activities and usury, promoting the reestablishment of market credit. Furthermore, it supported the establishment of joint ventures in line with national policies. Despite its short lifespan, the Tianjin Microloan Consortium marked a significant innovation in the early years of the People's Republic of China, demonstrating the state and private banks' joint efforts in microloan operations. This initiative, guided by national policies, showcased the elements of planning and collectivism, providing valuable lessons for the transition to socialism.

Key words: early years of the People's Republic of China, Tianjin microloan consortium, loans, finance