ISBN-13: 9780415547932 / Angielski / Twarda / 2010 / 172 str.
Based on a micro-study of three villages with dissimilar economic characteristics in Jiangxi province of China, this book investigates the sources of finance in rural areas and the different types of credit that farmers demand. It discusses the importance of innovative institutional arrangements in rural China and the new instruments that give farmers access to formal rural financial markets and effective utilization of credit.
Rural Credit Cooperatives (RCCs), the most essential source of formal credit to rural households in China, were subject to a series of reforms from 1996 to 2003. The reforms aimed to transform Rural Credit Cooperatives into market-oriented institutions and, more importantly, help them meet the increasing demands of farmers for variant financial services in order to blend effectively into the current environment of economic transformation in rural China. Based on a micro-study of three villages with dissimilar economic characteristics in Jiangxi province of China, this book investigates the sources of finance in rural areas and the different types of credit that farmers demand. It examines the patterns of credit required by rural households and the institutions from which they obtain these loans at different stages of the agricultural process. It discusses the importance of innovative institutional arrangements in rural China and the new instruments that give farmers access to formal rural financial markets and effective utilization of credit.