Why institutional credit agencies are reluctant to lend to the rural poor: A theoretical analysis of the Indian rural credit market

被引：19
|
作者：
Basu, S
机构：
[1] Macquarie University, Sydney, NSW
来源：
WORLD DEVELOPMENT | 1997年 / 25卷 / 02期
关键词：
rural credit; default risk; credit risk; share-cropping; interlinkage model;
D O I：
10.1016/S0305-750X(96)00103-9
中图分类号：
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号：
0201 ; 020105 ; 03 ; 0303 ;
摘要：
This paper examines why institutional credit facilities remain unable to extend credit to the rural poor. Analysis indicates that poor peasants at best can offer an entitlement set as a mortgage, comprised only of future shares of their harvest, which itself is subject to risk. Consequently, lenders can not advance loans without risking extensive loss of loanable funds. As the landlords' income is subject to the same risk as that of peasants, they advance loans to ensure that their own income is not affected by the peasants' financial situation. An extension of institutional credit to peasants results only in subsidization of landlords. (C) 1997 Elsevier Science Ltd.
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页码：267 / 280
页数：14
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