Arbeitspapier
Village funds and access to finance in rural Thailand
This paper examines whether recently introduced village funds, one of the largest microfinance programs ever implemented, improve access to finance. Village funds are analyzed in a cross-sectional approach in relation to competing financial institutions. We find, first, that they reach the target group of lower income households better than formal financial institutions. Second, village funds provide loans to those kinds of borrowers which tend to be customers of informal financial institutions. Third, village funds help to reduce credit constraints. Thus, village funds provide services in the intended direction. However, they do this to a quite limited degree, questioning their efficiency.
- Sprache
-
Englisch
- Erschienen in
-
Series: Diskussionsbeitrag ; No. 417
- Klassifikation
-
Wirtschaft
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Formal and Informal Sectors; Shadow Economy; Institutional Arrangements
Banks; Depository Institutions; Micro Finance Institutions; Mortgages
- Thema
-
informal financial institutions
microfinance
credit constraint
Thailand
Asia
Ländlicher Finanzmarkt
Mikrofinanzierung
Informeller Finanzsektor
Agrarkredit
Verschuldungsrestriktion
Armutspolitik
Thailand
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Menkhoff, Lukas
Rungruxsirivorn, Ornsiri
- Ereignis
-
Veröffentlichung
- (wer)
-
Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
- (wo)
-
Hannover
- (wann)
-
2009
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Menkhoff, Lukas
- Rungruxsirivorn, Ornsiri
- Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät
Entstanden
- 2009
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