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The Structure of Informal Credit Market in Pakistan

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  • M. Irfan

    (Pakistan Institute of Development Economics, Islamabad.)

  • G. M. Arif

    (Pakistan Institute of Development Economics, Islamabad.)

  • Syed Mubashir Ali

    (Pakistan Institute of Development Economics, Islamabad.)

  • Hina Nazli

    (Pakistan Institute of Development Economics, Islamabad.)

Abstract

This study has examined the structure of informal credit market in Pakistan by combining two approaches; a field survey administering semi-structured questionnaire to more than 1000 informal lenders supplemented by case studies. According to the survey, a good deal of interlinkages exists between formal and informal credit institutions. However, iriformal credit system draws readily on additional sources JncIuding friends and moneylenders. Informal credit market can be characterized as competitive. If a monopolistic situation prevails in the market it is because of peculiarirelationship between lender and borrower, such as landlord vs. tenant. It appears from the survey that like the formal financial market, lenders in the informal markets also follow credit worthiness as the major criteria to lend. This reduces considerably the levels of funds allocated to less privileged and assetless.

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File URL: http://pide.org.pk/pdf/rr/RR168.pdf
File Function: First Version, 1999
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Bibliographic Info

Paper provided by Pakistan Institute of Development Economics in its series PIDE-Working Papers with number 1999:168.

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Length: 67 pages
Date of creation: 1999
Date of revision:
Handle: RePEc:pid:wpaper:1999:168

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  1. Sarfraz K. Qureshi & Kalbe Abbas & Ahmed Naeem Siddiqui & Ejaz Ghani, 1984. "Rural Credit and Rural Development.Some Issues," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 23(2-3), pages 273-285.
  2. Bell, Clive, 1990. "Interactions between Institutional and Informal Credit Agencies in Rural India," World Bank Economic Review, World Bank Group, vol. 4(3), pages 297-327, September.
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Citations

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Cited by:
  1. Andreas Madestam, 2009. "Informal Finance: A Theory of Moneylenders," Working Papers 2009.69, Fondazione Eni Enrico Mattei.
  2. Mohammad, Irfan, 1999. "Rural non-farm sector in Pakistan," MPRA Paper 38152, University Library of Munich, Germany.
  3. Nicoletta Batini & Young-Bae Kim & Paul Levine & Emanuela Lotti, 2009. "Informal Labour and Credit Markets: A Survey," School of Economics Discussion Papers 0609, School of Economics, University of Surrey.
  4. Montgomery, Heather & Weiss, John, 2011. "Can Commercially-oriented Microfinance Help Meet the Millennium Development Goals? Evidence from Pakistan," World Development, Elsevier, vol. 39(1), pages 87-109, January.
  5. Muhammad Khalid Bashir & Zulfiqar Ahmad Gill & Sarfraz Hassan, 2009. "Impact of credit disbursed by commercial banks on the productivity of wheat in Faisalabad district," China Agricultural Economic Review, Emerald Group Publishing, vol. 1(3), pages 275-282, September.
  6. Nazli, Hina & Haider, Syed Hamza & Hausladen, Stephanie & Sheik, Asjad Tariq & Shafiq, Hassan & Shahzad, Saqib & Mehmood, Amina & Shahzad, Asma & Whitney, Edward, 2012. "Pakistan Rural Household Panel Survey 2012 (Round 1): Household characteristics:," PSSP working papers 8, International Food Policy Research Institute (IFPRI).

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