Savings Mobilization: The Forgotten Half of Rural Finance

2021 ◽  
pp. 248-265
Author(s):  
Robert C. Vogel
Keyword(s):  
Rural Finance

Reviewing the Development of Rural Finance in Vietnam

2013 ◽  
pp. 121-136
Author(s):  
Duong Pham Bao
Keyword(s):  
Low Income ◽  
Financial System ◽  
Low Income Countries ◽  
Supply Side ◽  
New Paradigm ◽  
Rural Finance ◽  
Market Mechanisms ◽  
Rural Credit ◽  
Rural Organizations ◽  
Doi Moi

The objective of this article is to review the development of the rural financial system in Vietnam in recent years, especially, after Doi moi. There are two opposite schools of thought in the literature on rural credit policies in developing countries. One is the conventional supply-side (government-led) approach while the other is called “a new paradigm” that emphasizes the importance of the viability of financial providers and the well functioning of rural credit markets. Conventional theories of rural finance contend that rural finance in low-income countries is generally accompanied by many failures. Contrary to these theories, rural finance in Vietnam does not encounter the above-mentioned failures so far. Up to the present time, it is progressing well. Using a supply-side approach, methodologically, this study reviews the development of the rural financial system in Vietnam. The significance of this study is to challenge the extreme view of dichotomizing between the old and the new credit paradigms. Analysis in this study contends that a rural financial market that, (1) is initiated and spurred by government; (2) operates principally under market mechanisms; and (3) is strongly supported by rural organizations (semi-formal/informal institutions) can progress stably and well. Therefore, the extremely dichotomizing approach must be avoided.

scholarly journals Rural Financial Development Impacts on Agricultural Technology Innovation: Evidence from China

2021 ◽  
Vol 18 (3) ◽  
pp. 1110
Author(s):  
Yuyu Liu ◽  
Duan Ji ◽  
Lin Zhang ◽  
Jingjing An ◽  
Wenyan Sun
Keyword(s):  
Economic Development ◽  
Financial Development ◽  
Agricultural Development ◽  
Technology Innovation ◽  
Agricultural Technology ◽  
Rural Finance ◽  
Rural Economic Development ◽  
High Degree ◽  
The Impact ◽  
Positive Effect

Agricultural technology innovation is key for improving productivity, sustainability, and resilience in food production and agriculture to contribute to public health. Using panel data of 31 provinces in China from 2003 to 2015, this study examines the impact of rural financial development on agricultural technology innovation from the perspective of rural financial scale and rural finance efficiency. Furthermore, it examines how the effects of rural financial development vary in regions with different levels of marketization and economic development. The empirical results show that the development of rural finance has a significant and positive effect on the level of agricultural technology innovation. Rural finance efficiency has a significantly positive effect on innovation in regions with a low degree of marketization, while the rural financial scale has a significantly positive effect on technological innovation in regions with a high degree of marketization. Further analysis showed that improving the level of agricultural technology innovation is conducive to rural economic development. This study provides new insights into the effects of rural financial development on sustainable agricultural development from the perspective of agricultural technology innovation.

Loan collaterals and collateral substitutes in rural finance: a review

2015 ◽  
Vol 11 (2) ◽  
pp. 36-56
Author(s):  
MG Maiangwa
Keyword(s):  
Moral Hazard ◽  
Financial Markets ◽  
Financial Institutions ◽  
Farm Households ◽  
Rural Finance ◽  
Traditional Methods ◽  
Limited Availability ◽  
Rural Financial Markets

Poor farm households and other microentrepreneurs have difficulties in obtaining loans from banks and other financial institutions because they are unable to provide securities or collaterals for the loans. Collaterals on loans reduce uncertainty and moral hazard problems for creditors. They also serve as a measure of the seriousness of the borrower. The limited availability of conventional collaterals in rural financial markets has led to the acceptance of non-traditional methods of loan security referred to as collateral substitutes. This paper reviews loan collaterals and collateral substitutes in the rural financial markets of developing countries.Keywords:: Collaterals, collateral substitutes, rural finance.

Rural finance and aquaculture.

2020 ◽  
Author(s):  
Md. Rahman
Keyword(s):  
Well Being ◽  
The Self ◽  
Small Scale ◽  
Rural Poor ◽  
Rural Finance ◽  
Self Employment ◽  
Employment Sector ◽  
Rural Aquaculture ◽  
Lending Institutions ◽  
Micro Credit

Abstract The aquaculture sector in Bangladesh has made an enormous and often under-recognized contribution to the well being of the nation; around 2 million t of food fish are produced for local consumption and export earnings. The sector is in transition from subsistence to a commercially oriented sector. Financing of aquaculture and other aquaculture-related activities has not yet attracted enough interest from banks and other money lending institutions in Bangladesh. To ensure the necessary credit flow to the aquaculture sector for dynamic growth, an annual programme-based credit monitoring support has been necessary. The rural aquaculture financial system is fragmented and does not meet the lending and saving needs of the rural poor. Commercial banks and other financial institutions have not responded significantly to the self-employment initiatives of the rural poor and to small-scale aquaculture farmers. The large numbers of micro-credit operating NGOs have played an important role in aquaculture with remarkable success. The disbursement and recovery of micro-credit support by NGOs in the self-employment sector is about twice as large as the disbursement of aquaculture credit by banks (BB, 2003).

scholarly journals Rural finance institutions, markets and policies in Africa

2004 ◽  
Vol 7 (4) ◽  
pp. 643-651
Author(s):  
G Pederson
Keyword(s):  
Financial Markets ◽  
Rural Areas ◽  
Financial Deepening ◽  
Rural Finance ◽  
Developing Regions ◽  
Agricultural Investment ◽  
Investment Financing ◽  
Policy Measures ◽  
African Agriculture

We identify three types of obstacles (missing institutions) that limit the process of financial deepening in rural financial markets.  Each of these obstacles contributes to a continuing and common dilemma in developing countries - the lack of long-term finance.  In Africa, as in most developing regions, there is need to develop a more consistent strategy for improving access to term finance in agriculture and rural areas.  Although some examples of term financing can be found in African agriculture, the general lack of term financing in rural areas can be linked to the lack of general policy measures to enhance the environment for long-term financing, weak effective demand for rural and agricultural investment financing, and inadequate capacity of lenders to provide long-term finance to those clientele.

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