Determinants of credit rationing: a study of informal lenders and formal credit groups in Madagascar
Previous research on the determinants of credit rationing exclusively focused on the behavior of formal lenders who contract directly with an individual borrower. Based on a household survey in Madagascar, this paper presents an analysis of credit rationing behavior by informal lenders and by member...
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Food Policy Research Institute
1994
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| Acceso en línea: | https://hdl.handle.net/10568/156848 |
| _version_ | 1855520562408849408 |
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| author | Zeller, Manfred |
| author_browse | Zeller, Manfred |
| author_facet | Zeller, Manfred |
| author_sort | Zeller, Manfred |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | Previous research on the determinants of credit rationing exclusively focused on the behavior of formal lenders who contract directly with an individual borrower. Based on a household survey in Madagascar, this paper presents an analysis of credit rationing behavior by informal lenders and by members of community-based groups that allocate formal group loans among themselves. The results show that group members obtain and use locally available information about the applicant's creditworthiness in much the same way that informal lenders do. This paper therefore empirically confirms theoretical arguments made that community-based groups have an information advantage over distant formal bank agents. |
| format | Artículo preliminar |
| id | CGSpace156848 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1994 |
| publishDateRange | 1994 |
| publishDateSort | 1994 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1568482025-11-06T05:45:34Z Determinants of credit rationing: a study of informal lenders and formal credit groups in Madagascar Zeller, Manfred banks banking credit Previous research on the determinants of credit rationing exclusively focused on the behavior of formal lenders who contract directly with an individual borrower. Based on a household survey in Madagascar, this paper presents an analysis of credit rationing behavior by informal lenders and by members of community-based groups that allocate formal group loans among themselves. The results show that group members obtain and use locally available information about the applicant's creditworthiness in much the same way that informal lenders do. This paper therefore empirically confirms theoretical arguments made that community-based groups have an information advantage over distant formal bank agents. 1994 2024-10-24T12:45:49Z 2024-10-24T12:45:49Z Working Paper https://hdl.handle.net/10568/156848 en Open Access application/pdf International Food Policy Research Institute Zeller, Manfred. 1994. Determinants of credit rationing: a study of informal lenders and formal credit groups in Madagascar. FCND Discussion Paper 2. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/156848 |
| spellingShingle | banks banking credit Zeller, Manfred Determinants of credit rationing: a study of informal lenders and formal credit groups in Madagascar |
| title | Determinants of credit rationing: a study of informal lenders and formal credit groups in Madagascar |
| title_full | Determinants of credit rationing: a study of informal lenders and formal credit groups in Madagascar |
| title_fullStr | Determinants of credit rationing: a study of informal lenders and formal credit groups in Madagascar |
| title_full_unstemmed | Determinants of credit rationing: a study of informal lenders and formal credit groups in Madagascar |
| title_short | Determinants of credit rationing: a study of informal lenders and formal credit groups in Madagascar |
| title_sort | determinants of credit rationing a study of informal lenders and formal credit groups in madagascar |
| topic | banks banking credit |
| url | https://hdl.handle.net/10568/156848 |
| work_keys_str_mv | AT zellermanfred determinantsofcreditrationingastudyofinformallendersandformalcreditgroupsinmadagascar |