全球智库信息集成服务系统(G2TT): Financing Smallholder Agriculture: An Experiment with Agent-Intermediated Microloans in India

G2TT

来源类型	Working Paper
规范类型	报告
DOI	10.3386/w20709
来源ID	Working Paper 20709
	Financing Smallholder Agriculture: An Experiment with Agent-Intermediated Microloans in India
	Pushkar Maitra; Sandip Mitra; Dilip Mookherjee; Alberto Motta; Sujata Visaria
发表日期	2014-12-01
出版年	2014
语种	英语
摘要	Recent evaluations of traditional microfinance loans have found no significant impacts on borrower incomes or productive activities. We examine whether this can be remedied by (a) modifying loan features to facilitate financing of working capital needs of farmers, and (b) delegating selection of borrowers for individual liability loans to local trader-lender agents incentivized by repayment-based commissions. We conduct a field experiment in West Bengal where this design (called TRAIL) was offered in randomly selected villages. In remaining villages a more traditional design (called GBL) was offered, wherein five-member groups applied for joint liability loans with terms otherwise similar to TRAIL loans. TRAIL loans increased cultivation of potatoes (the major cash crop in the region) and farm incomes by 17–21%, whereas GBL loans had insignificant and highly dispersed effects. We argue this was because TRAIL agents selected borrowers that were low-risk and highly productive, whereas the GBL scheme attracted farmers that were riskier on average and highly heterogeneous in terms of productivity. TRAIL loans also achieved higher repayment and take-up rates, and lower administrative costs.
主题	Development and Growth ; Development ; Environmental and Resource Economics ; Agriculture
URL	https://www.nber.org/papers/w20709
来源智库	National Bureau of Economic Research (United States)
引用统计
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/578382
推荐引用方式 GB/T 7714	Pushkar Maitra,Sandip Mitra,Dilip Mookherjee,et al. Financing Smallholder Agriculture: An Experiment with Agent-Intermediated Microloans in India. 2014.