Competence Model is one of the foreward theoretical fruits in modern human resource management. The application of it in training staffs of various organizations dominates the theoretical research and the practice in domestic and abroad circles. Aimed at the problem of training loan managers of rural credit cooperative society, the paper begins with the origin of the Competency Model, and analyzes the practice's development and the theoretical progress at home and abroad. It analyzes specially the application of Competency Model in training staffs of financial agency including rural low-level financial agency so that the limitation of the research on strategy for training loan management of rural low-level financial agency can be found. Finally the paper predicts the tendency of the research, giving a good foundation and an effective inspiration for the future's research.