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Mejora de prácticas y políticas para créditos agrícolas en el Perú
[Improvement of practices and policies for agricultural credits in Peru]

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  • Jiménez Sotelo, Renzo

Abstract

The paper argues that agricultural loans granted by commercial banks in Peru are not being properly structured because they have not adequately considered the additional risks faced regarding commercial loans. Therefore, in order to improve their credit practices and policies, they require (i) to understand in detail the functioning of production and price formation processes in agricultural markets and (ii) to seek adequate measures to cover the risks that are not controllable by them or by farmers. The first aspect aims to reduce existing information asymmetries to contribute to lower interest rates and better structure financing, especially with credits in national currency indexed to inflation for agricultural loans that are not directed to exports. The second aspect is to manage price risk with the access to an efficient and decentralized agricultural commodity exchange, while climatic and biological risks should be covered by agricultural insurances.

Suggested Citation

  • Jiménez Sotelo, Renzo, 2001. "Mejora de prácticas y políticas para créditos agrícolas en el Perú
    [Improvement of practices and policies for agricultural credits in Peru]
    ," MPRA Paper 75307, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:75307
    as

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    File URL: https://mpra.ub.uni-muenchen.de/75307/1/MPRA_paper_75307.pdf
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    More about this item

    Keywords

    agricultural financing; bank credit policies; agricultural insurance;

    JEL classification:

    • D82 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Asymmetric and Private Information; Mechanism Design
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • N26 - Economic History - - Financial Markets and Institutions - - - Latin America; Caribbean
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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