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A Comparative Analysis of the Use of Microfinance and Formal and Informal Credit by Farmers in Less Developed Areas of Rural China

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  • Xiangping Jia
  • Hao Luan
  • Jikun Huang
  • Zuowen Li

Abstract

type="main"> Based on household survey data, this article shows that farmers' demand for credit in poor areas of rural China has increased significantly in recent years, and credits from various sources are used differently in production and consumption. For example, microfinance is used primarily in livestock and non-agricultural investments, formal credit is often used in crop production, and informal credit is largely used to meet farmers' consumption requirements. Developing a complementary system with various financial channels in rural China, particularly for non-governmental microfinance, is crucial for meeting farmers' rising demand for credit in both production and consumption.

Suggested Citation

  • Xiangping Jia & Hao Luan & Jikun Huang & Zuowen Li, 2015. "A Comparative Analysis of the Use of Microfinance and Formal and Informal Credit by Farmers in Less Developed Areas of Rural China," Development Policy Review, Overseas Development Institute, vol. 33(2), pages 245-263, March.
    • Handle: RePEc:bla:devpol:v:33:y:2015:i:2:p:245-263
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    File URL: http://hdl.handle.net/10.1111/dpr.12100
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    Cited by:

    1. Wachenheim, Cheryl & Fan, Linfeng & Zheng, Shi, 2021. "Adoption of unmanned aerial vehicles for pesticide application: Role of social network, resource endowment, and perceptions," Technology in Society, Elsevier, vol. 64(C).
    2. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo & Ana María Tribín-Uribe, 2018. "Crédito formal e informal de los hogares en Colombia," Investigación Conjunta-Joint Research, in: María José Roa García & Diana Mejía (ed.), Decisiones financieras de los hogares e inclusión financiera: evidencia para América Latina y el Caribe, edition 1, volume 1, chapter 5, pages 133-166, Centro de Estudios Monetarios Latinoamericanos, CEMLA.
    3. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo & Ana María Tribín-Uribe, 2016. "Determinantes del acceso al crédito formal e informal: Evidencia de los hogares de ingresos medios y bajos en Colombia," Borradores de Economia 956, Banco de la Republica de Colombia.
    4. Jiang Du & Miao Zeng & Zhengjuan Xie & Shikun Wang, 2019. "Power of Agricultural Credit in Farmland Abandonment: Evidence from Rural China," Land, MDPI, vol. 8(12), pages 1-14, December.
    5. Imran Chowdhury, 2020. "Bridging the rural–urban divide in social innovation transfer: the role of values," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 37(4), pages 1261-1279, December.
    6. Angela Hilmi, 2019. "The Alfredo Namitete Agroecology Credit System: A New Business Model That Supports Small-Scale Lending," Sustainability, MDPI, vol. 11(15), pages 1-20, July.
    7. Ana María Iregui-Bohórquez & Ligia Alba Melo-Becerra & María Teresa Ramírez-Giraldo & Ana María Tribín-Uribe, 2018. "Formal and Informal Household Credit in Colombia," Investigación Conjunta-Joint Research, in: María José Roa García & Diana Mejía (ed.), Financial Decisions of Households and Financial Inclusion: Evidence for Latin America and the Caribbean, edition 1, volume 1, chapter 5, pages 125-156, Centro de Estudios Monetarios Latinoamericanos, CEMLA.

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