Abstract: Research on microfinance of forest right certificate as mortgage has important significance for solving farmers'financing demand, increasing their income, adjusting forestry industrial structure and scale management, and making scientific forestry policies. This paper carries out classified statistics of related literatures,and reviews on the concepts, economics and property right theories about microfinance of forest right certificate as mortgage. Aiming at problems in practice, the paper puts forward that microfinance policy of forest right certificate as mortgage can effectively solve farmers'financing difficulty in China.