Construction of Rural Credit System under the Background of Modernization of Rural Governance: Value Implication, Realistic Dilemma and Optimization Dimension

2021 ◽  
Vol 2 (3) ◽  
pp. 177-196
Author(s):  
Jinshuai Qu
Keyword(s):  
Credit System ◽  
Rural Credit ◽  
Rural Governance

Role of local banks as potential primary stakeholders in community-type destinations

2010 ◽  
pp. 99-118
Author(s):  
Keyword(s):  
Local Development ◽  
Field Research ◽  
Credit Unions ◽  
Community Type ◽  
Development Projects ◽  
Credit System ◽  
Economic Activities ◽  
Rural Credit ◽  
Tourist Development

The aim of the paper is to analyse the role of rural credit unions (CRs) in the local financial system and their position as potential primary stakeholders in communitytype destinations. These destinations could be considered as networks characterised by relationships to be understood through the network approach and stakeholder theory. In community-type destinations the level of integration of the tourist offer depends on the intensity and structure of relationships, that is, on the coordination among enterprises, public bodies, local communities and destination management organisations, that manage only a part of the resources and participate with distinct roles, capabilities and power. In these destinations the local credit system has a fundamental role, since it funds enterprises and takes part in local development projects. The CRs are cooperative banks that - by statute - foster economic and social development of the territory. The field research conducted in a typical community-type destination in Italy investigated if there exists a link between the role of the CRs and the development of the tourist offer, to test if they are also primary stakeholders for the tourist development of the territory. The research highlights that CRs are primary stakeholders for the development of traditional economic activities and that they have mainly a financing role for the development of the tourist offer. Signals of change in role are perceivable within the network: from financier to partner in the planning of initiatives and support activities of the tourist development. The results suggest a possible re-positioning of local banks in the network for tourist development projects.

scholarly journals The Analysis Of The Rural Credit Market In Ghana

2010 ◽  
Vol 9 (8) ◽  
Author(s):  
George Owusu-Antwi ◽  
James Antwi
Keyword(s):  
Interest Rate ◽  
Rural Economy ◽  
Banking Sector ◽  
Critical Role ◽  
Credit Market ◽  
Credit System ◽  
Theoretical Understanding ◽  
Interest Rate Policy ◽  
Rural Credit ◽  
Rural Credit Market

The formal banking sector does not satisfy the growing demand for credit, and many borrowers turn to informal loan sources to meet their production and consumption needs. The problem of the rural credit, which includes supplying credit for a rural community for economic growth, is reemerging on the development agenda as a pressing issue. The rural economy is financially very fragile. Lack of credit is a significant and sometimes binding constraint, limiting investment in productivity-enhancing technology and inputs. Rural credit plays a critical role in household strategies to reduce vulnerability. In spite of the contribution that credit entails to the rural development, it has been one of the crucial factors that have not been given proper attention. The purpose of this paper is to identify problems that have hindered the effectiveness of the rural credit market in Ghana. The paper is premised on the theoretical understanding of rural credit markets and applies the framework to investigate the aspect of the rural credit market in Ghana. Improving the rural credit system will help to raise household incomes and reduce poverty and will contribute to the eradication of extreme poverty. The paper identifies high cost, interest rate, lack of collateral, lack of innovation and high delinquency rates as the main factors that have hindered the effectiveness of the rural credit market in Ghana. This paper will interest policymakers to place more emphasis on savings mobilization and to revisit interest rate policy, while providing cheap and adequate credit to small and poor farmers.

Conclusion

2009 ◽  
Author(s):  
Chris Briggs
Keyword(s):  
Economic Change ◽  
Effective Strategy ◽  
Credit System ◽  
Rural Credit ◽  
Positive Effects ◽  
Credit Supply ◽  
Credit Mechanism ◽  
Medieval Europe ◽  
Market Opportunities ◽  
Economic Failure

This book began by describing the transformation that occurred in the 1990s in the impression and ideas of credit systems in the medieval countryside. Through this change in attitude on the medieval credit system, the sophistication of rural credit mechanisms and their positive effects within the traditional economies were established. Before this time, the consensus on medieval credit mechanism was of a vehicle of poverty and stagnation. By changing the perspective of credit as a framework of crisis to focusing on credit as mere credit itself, the mechanism of lending and borrowing during the medieval period was not constantly borne out of crisis. It has been found out that credit supply did not always fail in problem periods, that debtors were not always worse off than their lenders, and that leasing of land by debtors was an effective strategy compatible with individual prosperity and not an indication of economic failure. In sum, the credit system of medieval Europe had bearings on the economy of the country. Although rural credit had little effect on the overall contours of the economic change of Europe, it nonetheless shaped other significant forces. In the earlier part of the century, the rural credit system was there to reinforce wealth, and influenced in such a way to separate the peasants from the upper strata. In the second half of the century, market opportunities were exploited by the means of credit mechanisms. However, when economic contraction happened at the end of the century due to the sustained demographic collapse and monetary difficulties, rural credit mechanisms fell into abeyance.

scholarly journals Application of Multiobjective Particle Swarm Optimization in Rural Credit System

2021 ◽  
Vol 2021 ◽  
pp. 1-9
Author(s):  
Wuxia Xue
Keyword(s):  
Decision Making ◽  
Particle Swarm Optimization ◽  
Credit Constraints ◽  
Particle Swarm ◽  
Optimization Strategy ◽  
Credit System ◽  
Swarm Optimization ◽  
Rural Credit ◽  
Rural Economic Development ◽  
Multiobjective Particle Swarm Optimization

In China’s rural credit system, the problem of credit constraints is prominent. Due to the imperfect credit market, a large number of rural residents have credit constraints. Rural credit constraint is a serious problem restricting China’s rural economic development. Aimed at solving the rural credit constraints, this paper makes an optimization analysis on the rural credit system and loan decision-making. To more reasonably evaluate customers’ borrowing ability, the credit risk based on farmers’ data on the big data platform is evaluated in this paper. The stacked denoising autoencoder network is improved by adopting the deep learning framework to improve the accuracy of credit evaluation. For improving the loan decision-making ability of rural credit system, a loan optimization strategy based on multiobjective particle swarm optimization algorithm is proposed. The simulation results show that the optimization ability, speed, and stability of the proposed algorithm have achieved good results in dealing with the loan portfolio decision-making problem.

scholarly journals Rural Credit Co-operatives: Significance, Challenges and the Road Ahead

2016 ◽  
Vol 3 (2) ◽  
Author(s):  
M. M. Sury
Keyword(s):  
Rural India ◽  
Dual Control ◽  
Financial Health ◽  
Credit System ◽  
Resource Base ◽  
Rural Credit ◽  
The Road ◽  
External Sources ◽  
Accumulated Losses ◽  
Governmental Control

Rural co-operatives form an integral part of the rural credit system in India. They are the main source of institutional credit to the farmers, and are chiefly responsible for breaking the monopoly of moneylenders in providing credit to the agriculturists. Despite the phenomenal outreach and volume of operations, the financial health of a very large proportion of rural credit co-operatives has deteriorated significantly. The institutions are beset with problems like low resource base, high dependence on external sources of funding, excessive governmental control, dual control, huge accumulated losses, imbalances, poor business diversification, low recovery etc. These institutions do not, therefore, inspire confidence among their existing and potential members, depositors, borrowers and lenders. Thus, there is a need to find ways for strengthening the co-operative movement and making it a well-managed and vibrant medium to serve the credit needs of rural India, especially the small and marginal farmers.

The North Dakota Rural Credit System

1938 ◽  
Vol 14 (3) ◽  
pp. 273
Author(s):  
Gilbert W. Cooke
Keyword(s):  
North Dakota ◽  
Credit System ◽  
Rural Credit ◽  
The North

Rural Credit System Inadequacy: Fact Or Fiction?

1977 ◽  
Vol 8 (2) ◽  
pp. 81-91
Author(s):  
Paul H. Gessaman ◽  
Larry L. Janssen ◽  
Gayle A. Morris
Keyword(s):  
Credit System ◽  
Rural Credit
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