Hybrid process of thermally-induced phase separation and stretching was developed for the preparation of microporous polypropylene hollow fiber membranes. Precursor for stretching was prepared by using soybean oil as a diluent and benzoic acid as a nucleating agent for the spherulite control and it was stretched for the micrporous hollow fiber membrane. The effects of stretching ratio and deformation rate for stretching process were investigated. Increase of stretching ratio resulted in the greater pore size with nonuniform size distribution. Higher deformation rate also increased the pore size with uniform size distribution. Stretching ratio was closely related with the orientation of polymer chain and increased the mechanical strength of the fiber. Increase of deformation rate had little effects on the orientation of crystalline phase, and decreased the orientation of amorphous phase which caused the decrease of tensile strength of the fiber and broke the micro-fibrils connecting spherulites to form a circular pore shape.