Abstract
Overall, the formal credit demand of households is 18.4 % and the availability is 40.5 %. The formal credit demand of rural households is 19.6 % and the availability is 27.6 %. From the usage perspective, rural households’ formal credit demand for agricultural production is 24.4 % and the credit availability is 31.3 %; this is far below the industrial and commercial formal credit availability of 44.8 %.
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- 1.
If households fail to obtain loans due to “having a demand for loans but not submitting an application” or “application submitted but was rejected,” we will refer to this as “credit constraint.” This means that the household has credit demand, but fails to obtain loans for its own or other reasons. Another kind of credit constraint refers to actually obtaining loans but in an amount that is less than the amount applied for or demanded. See related essays in Ke Chen Chen and Mali Chivakul (2008), Jappeli (1990), Crook (2001), and Benito and Mumtax (2006).
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© 2016 Springer Science+Business Media Singapore
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Gan, L., Yin, Z., Tan, J. (2016). Rural Households’ Formal Credit Demand and Availability. In: Report on the Development of Household Finance in Rural China (2014). Springer, Singapore. https://doi.org/10.1007/978-981-10-0409-4_7
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DOI: https://doi.org/10.1007/978-981-10-0409-4_7
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