| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP11549 |
| DP11549 Financing Smallholder Agriculture: An Experiment wth Agent-Intermediated Microloans in India | |
| Dilip Mookherjee; Pushkar Maitra; Sandip Mitra; Alberto Motta; Sujata Visaria | |
| 发表日期 | 2016-09-30 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Recent evaluations have found that traditional microloans have insignificant impacts on incomes and output. Randomly selected villages in West Bengal, India participated in a field experiment with a novel variant of microcredit called TRAIL, where the selection of borrowers of individual liability loans was delegated to local trader-lender agents incentivized by repayment-based commissions. Other randomly selected villages participated in a group-based microcredit program called GBL. TRAIL loans increased the production of the leading cash crop and farm incomes by 27-37%, but GBL loans had insignificant effects. To understand underlying mechanisms, we develop and test a theoretical model that explains borrower selection into the two schemes as well as borrower incentives to invest the loans for productive purposes. We find that borrowers selected by the TRAIL agents were more able farmers than those who self-selected into the GBL scheme; this pattern of selection explains about a third of the observed difference in income impacts. |
| 主题 | Development Economics |
| 关键词 | Agricultural finance Agent-based lending Group lending Selection Repayment |
| URL | https://cepr.org/publications/dp11549 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540363 |
| 推荐引用方式 GB/T 7714 | Dilip Mookherjee,Pushkar Maitra,Sandip Mitra,et al. DP11549 Financing Smallholder Agriculture: An Experiment wth Agent-Intermediated Microloans in India. 2016. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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