IDEAS home Printed from https://ideas.repec.org/p/ags/ufstcp/28070.html
   My bibliography  Save this paper

Rural Finance Institutions, Markets And Policies In Africa

Author

Listed:
  • Pederson, Glenn D.

Abstract

Since 1970, there has been a shift from emphasis on agricultural credit to one of rural finance. There has been a broadening of emphasis on the range of functions performed by financial markets to include loans, deposits and insurance services for rural people. There has also been a narrowing of expectations in recognition that financial markets are capable of achieving a smaller range of economic objectives than was envisioned in the 1970s. I will cite three factors that have changed the way we look at rural finance today - compared to the view on the 1970s. First, through this era structural change has occurred, and the rural clients of financial institutions have changed. Although the population engaged in agriculture is still significant, its proportion in the total population has declined and the rural population is becoming less dependent on agriculture for income (Table 1). Depending on the region this trend may reflect a basic fact of agricultural progress (cheaper food and fewer farmers) or it may reflect the persistence of urban biased policies in developing countries. This trend reinforces the shift away from agricultural credit to rural finance with a greater emphasis on products that meet household demands for investment, consumption, savings and insurance.

Suggested Citation

  • Pederson, Glenn D., 2003. "Rural Finance Institutions, Markets And Policies In Africa," Conference Papers 28070, University of the Free State, Department of Agricultural Economics.
    • Handle: RePEc:ags:ufstcp:28070
    DOI: 10.22004/ag.econ.28070
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/28070/files/cp03pe01.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.28070?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Lapenu, Cécile & Zeller, Manfred, 2001. "Distribution, growth, and performance of microfinance institutions in Africa, Asia, and Latin America," FCND briefs 114, International Food Policy Research Institute (IFPRI).
    2. Reardon, Thomas & Kelly, Valerie A. & Crawford, Eric W. & Jayne, Thomas S. & Savadogo, Kimseyinga & Clay, Daniel C., 1996. "Determinants of Farm Productivity in Africa: A Synthesis of Four Case Studies," Food Security International Development Papers 54049, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Niels Hermes & Robert Lensink & Habteab Mehrteab, 2006. "Does the Group Leader Matter? The Impact of Monitoring Activities and Social Ties of Group Leaders on the Repayment Performance of Group‐based Lending in Eritrea," African Development Review, African Development Bank, vol. 18(1), pages 72-97.
    2. Goldsmith, Peter D. & Gunjal, Kisan & Ndarishikanye, Barnabe, 2004. "Rural-urban migration and agricultural productivity: the case of Senegal," Agricultural Economics, Blackwell, vol. 31(1), pages 33-45, July.
    3. Govereh, Jones & Jayne, Thomas S., 1999. "Effects of Cash Crop Production on Food Crop Productivity in Zimbabwe: Synergies or Trade-Offs?," Food Security International Development Policy Syntheses 11371, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    4. Gaowen Kong & Dongmin Kong, 2017. "Corporate governance, human capital, and productivity: evidence from Chinese non-listed firms," Applied Economics, Taylor & Francis Journals, vol. 49(27), pages 2655-2668, June.
    5. Simon Cornée & Gervais Thenet, 2016. "Efficience des institutions de microfinance en Bolivie et au Pérou:une approche data envelopment analysis en deux étapes," Revue Finance Contrôle Stratégie, revues.org, vol. 19(1), pages 65-91, March.
    6. Strasberg, Paul J. & Jayne, Thomas S. & Yamano, Takashi & Nyoro, James K. & Karanja, Daniel David & Strauss, John, 1999. "Effects of Agricultural Commercialization on Food Crop Input Use and Productivity in Kenya," Food Security International Development Policy Syntheses 11463, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    7. Akresh, Richard, 2005. "Understanding Pareto Inefficient Intrahousehold Allocations," IZA Discussion Papers 1858, Institute of Labor Economics (IZA).
    8. John Weiss & Heather Montgomery, 2005. "Great Expectations: Microfinance and Poverty Reduction in Asia and Latin America," Oxford Development Studies, Taylor & Francis Journals, vol. 33(3-4), pages 391-416.
    9. Delfiner, Miguel & Pailhé, Cristina & Perón, Silvana, 2006. "Microfinanzas: Un análisis de experiencias y alternativas de regulacion," MPRA Paper 497, University Library of Munich, Germany, revised 02 Apr 2006.
    10. Omotilewa, Oluwatoba J. & Jayne, T.S. & Muyanga, Milu & Aromolaran, Adebayo B. & Liverpool-Tasie, Lenis Saweda O. & Awokuse, Titus, 2021. "A revisit of farm size and productivity: Empirical evidence from a wide range of farm sizes in Nigeria," World Development, Elsevier, vol. 146(C).
    11. repec:dgr:rugsom:05e05 is not listed on IDEAS
    12. Kimhi, Ayal, 2003. "Plot Size And Maize Productivity In Zambia: The Inverse Relationship Re-Examined," Discussion Papers 14980, Hebrew University of Jerusalem, Department of Agricultural Economics and Management.
    13. Chan-Kang, Connie & Pardey, Philip G. & Wood, Stanley & Roseboom, Johannes & Cremers, Marleen, 1999. "Reassessing Productivity Growth In African Agriculture," 1999 Annual meeting, August 8-11, Nashville, TN 21600, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    14. Sajjad Zohir & Imran Matin, 2004. "Wider impacts of microfinance institutions: issues and concepts," Journal of International Development, John Wiley & Sons, Ltd., vol. 16(3), pages 301-330.
    15. Aly Cisse & Boris E. Bravo-Ureta & Paul Fuentes & Abdourahmane Thiam, 2004. "An Economic Analysis of Agricultural Production in Senegal: A Case Study of the Thiès and Diourbel Regions," Journal of Developing Societies, , vol. 20(1-2), pages 3-19, June.
    16. Naseem, Anwar & Kelly, Valerie A., 1999. "Macro Trends and Determinates of Fertilizer Use in Sub-Saharan Africa," Food Security International Development Working Papers 54671, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    17. Muriel Gilardone & Isabelle Guérin & Jane Palier, 2002. "The weight of institutions on women's capabilities," Post-Print halshs-00421839, HAL.
    18. Theresa Mannah-Blankson, 2018. "Gender Inequality and Access to Microfinance: Evidence from Ghana," Journal of African Development, African Finance and Economic Association (AFEA), vol. 20(2), pages 21-33.
    19. Mather, David & Boughton, Duncan & Jayne, Thomas S., 2011. "Smallholder Heterogeneity and Maize Market Participation in Southern and Eastern Africa: Implications for Investment Strategies to Increase Marketed Food Staple Supply," Food Security International Development Working Papers 118473, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    20. Matchaya, Greenwell C., 2007. "Does size of operated area matter? Evidence from Malawi's agricultural production," MPRA Paper 11948, University Library of Munich, Germany.
    21. Traub, Lulama Ndibongo & Jayne, Thomas S., 2004. "The Effects of Market Reform on Maize Marketing Margins in South Africa," Food Security International Development Working Papers 54570, Michigan State University, Department of Agricultural, Food, and Resource Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ufstcp:28070. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/dauovza.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.