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Microcredit and Agriculture: Challenges, Successes and Prospects

In: Microfinance in Developing Countries

Author

Listed:
  • Richard L. Meyer

Abstract

Providing sustainable financial services for agriculture continues to be a challenge in spite of billions of dollars having been spent in subsidies to strengthen financial institutions to serve the sector. Critics have argued that the market-oriented reforms implemented after the collapse of the directed credit paradigm have failed because agriculture still receives a small share of total formal credit. Some advocate a rollback of reforms and a return to active governmental intervention, including the resurrection of state-owned agricultural development banks and the reintroduction of interest rate ceilings on agricultural loans.

Suggested Citation

  • Richard L. Meyer, 2013. "Microcredit and Agriculture: Challenges, Successes and Prospects," Palgrave Macmillan Books, in: Jean-Pierre Gueyie & Ronny Manos & Jacob Yaron (ed.), Microfinance in Developing Countries, chapter 10, pages 199-226, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-30192-5_10
    DOI: 10.1057/9781137301925_10
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    Cited by:

    1. Parlasca, Martin & Johnen, Constantin & Qaim, Matin, 2021. "Use of Mobile Financial Services Among Farmers in Africa: Insights from Kenya," 2021 Conference, August 17-31, 2021, Virtual 315863, International Association of Agricultural Economists.
    2. Dorfleitner, G. & Just-Marx, S. & Priberny, C., 2017. "What drives the repayment of agricultural micro loans? Evidence from Nicaragua," The Quarterly Review of Economics and Finance, Elsevier, vol. 63(C), pages 89-100.
    3. Jebarajakirthy, Charles & Lobo, Antonio C., 2014. "War affected youth as consumers of microcredit: An application and extension of the Theory of Planned Behaviour," Journal of Retailing and Consumer Services, Elsevier, vol. 21(3), pages 239-248.
    4. Namayengo., Faith & van Ophem, Johan A.C. & Antonides, Gerrit, 2016. "Women And Microcredit In Rural Agrarian Households Of Uganda: Match Or Mismatch Between Lender And Borrower?," APSTRACT: Applied Studies in Agribusiness and Commerce, AGRIMBA, vol. 10(2-3), pages 1-12, October.

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