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After the microfinance crisis : assessing the role of government-led microcredit alternatives
Author:de la Torre, Jordi; Gine, Xavier; Vishwanath, Tara; Collection Title:Policy Research working paper ; no. WPS 5808
Country:World; Date Stored:2011/09/22
Document Date:2011/09/01Document Type:Policy Research Working Paper
SubTopics:Bankruptcy and Resolution of Financial Distress; Access to Finance; Debt Markets; Banks & Banking Reform; Financial IntermediationLanguage:English
Major Sector:FinanceRel. Proj ID:IN-Impact Evaluation For Rural Credit Cooperatives Project -- -- P107479;
Region:The World RegionReport Number:WPS5808
Sub Sectors:General finance sectorTF No/Name:TF095412-Impact Evaluation Central Cooperative Banks Revival Package Andra Prade
Volume No:1 of 1  

Summary: In light of the recent microfinance crisis in South India, government-run institutions in general, and primary agricultural credit cooperatives in particular, may end up playing a larger role in the provision of financial services for the poor. Using survey data collected in 2007 from three districts in Andhra Pradesh, this paper assesses the performance of 72 primary agricultural credit cooperatives and finds lack of training among the management. In addition, primary agricultural credit cooperatives tend to be used as political instruments and, as a result, borrowers prioritize all debt obligations (microfinance institutions, informal lenders, etc.) before repaying their primary agricultural credit cooperative loans. The authors suggest that if the performance of primary agricultural credit cooperatives does not improve, a larger government role in the supply of credit may undermine the culture of repayment.

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