A Positive Mutual Impact between Inclusive Finance and Poverty Alleviation
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摘要
The contradiction between profitability requirement of commercial finance and non-profitability nature of inclusive finance inhibits bankers' motivation in providing financial services to farmers,further restricting the already narrow financing channels for low-income rural households and preventing them from jumping out of the poverty trap.There is a mutual promotion relationship between inclusive finance and poverty reduction.On one hand,providing affordable and subsidized financial services to farmers can help them increase income steadily; On the other hand,the institutions reap a good payoff by business expansion,a thick base of loyal clients,as well as public recognition,which in turn stimulates the institutes to provide more financial products,improve their service quality and scale up the investment amount for lowincome farmers.Nevertheless,to set off this positive feedback loop process,a forcible intervention by government is needed.On the base of theoretical analysis and practical research,this article brought related advice for financial institutions in order to promote the development of inclusive finance and alleviate the financing difficulties of farmers households to realize poverty alleviation.
The contradiction between profitability requirement of commercial finance and non-profitability nature of inclusive finance inhibits bankers' motivation in providing financial services to farmers,further restricting the already narrow financing channels for low-income rural households and preventing them from jumping out of the poverty trap.There is a mutual promotion relationship between inclusive finance and poverty reduction.On one hand,providing affordable and subsidized financial services to farmers can help them increase income steadily; On the other hand,the institutions reap a good payoff by business expansion,a thick base of loyal clients,as well as public recognition,which in turn stimulates the institutes to provide more financial products,improve their service quality and scale up the investment amount for lowincome farmers.Nevertheless,to set off this positive feedback loop process,a forcible intervention by government is needed.On the base of theoretical analysis and practical research,this article brought related advice for financial institutions in order to promote the development of inclusive finance and alleviate the financing difficulties of farmers households to realize poverty alleviation.
The contradiction between profitability requirement of commercial finance and non-profitability nature of inclusive finance inhibits bankers' motivation in providing financial services to farmers,further restricting the already narrow financing channels for low-income rural households and preventing them from jumping out of the poverty trap.There is a mutual promotion relationship between inclusive finance and poverty reduction.On one hand,providing affordable and subsidized financial services to farmers can help them increase income steadily; On the other hand,the institutions reap a good payoff by business expansion,a thick base of loyal clients,as well as public recognition,which in turn stimulates the institutes to provide more financial products,improve their service quality and scale up the investment amount for lowincome farmers.Nevertheless,to set off this positive feedback loop process,a forcible intervention by government is needed.On the base of theoretical analysis and practical research,this article brought related advice for financial institutions in order to promote the development of inclusive finance and alleviate the financing difficulties of farmers households to realize poverty alleviation.
引文
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[11]WANG GG.Inclusive finance and services provision to the agricultural sector,farmers and rural areas from the perspective of financial functions[J].China Rural Economy,2018(3):2-14.
[12]BERHANE G,GARDEBROEK C.Does microfinance reduce rural poverty?Evidence based on household panel data from Northern Ethiopia[J].American Journal of Agricultural Economics,2011,93(2):43-55.
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[14]CHEN LC,TANG YL,YUAN YN.Rural financing dilemma and its causes[J].Time Finance,2018(12):48-49
[2]LEYSHON A,THRIFT N.Access to financial services and financial infrastructure withdrawal:Problems and policies[J].Area,1994,26(3):268-275.
[3]HE GW,HE J,GUO P.Rethinking the credit demand and availability of farm household[J].Issues in Agricultural Economy,2018,39(2):38-49.
[4]ZHANG XB,ZHANG HW.Research on farmers'financing dilemma from the perspective of agricultural land finance[J].Academic Forum,2011(9):21-25.
[5]CONROY J.APEC and financial exclusion:Missed opportunities for collective action[J].Asia Pacific Development Journal,2005,12(1):53-80.
[6]KEMPSON E,WHYLEY C.Understanding and combating financial exclusion[J].Insurance Tends,1999(21):18-22.
[7]BANERJEE AV,NEWMAN AF.Occupational choice and the progress of development[J].Journal of Political Economy,1993,101(3):274-298.
[8]GREENWOOD,BOYAN JOVANOVIC.Financial development,growth,and the distribution of income[J].The Journal of Political Economy,1990,98(5):1076-1107.
[9]BECK T,HONOHAN P.Finance for all:Policies and pitfalls in expanding access[M].World Bank Publications,2008.
[10]GUAN Y,XU F.The urban-rural differences of credit exclusion---Evidence from 2 629 families[J].Finance&Economics,2018(2):43-51.
[11]WANG GG.Inclusive finance and services provision to the agricultural sector,farmers and rural areas from the perspective of financial functions[J].China Rural Economy,2018(3):2-14.
[12]BERHANE G,GARDEBROEK C.Does microfinance reduce rural poverty?Evidence based on household panel data from Northern Ethiopia[J].American Journal of Agricultural Economics,2011,93(2):43-55.
[13]IMAI KS,GAIHA R,THAPA G,et al.Microfinance and poverty---A macro perspective[J].World Development,2012,40(8):1675-1689.
[14]CHEN LC,TANG YL,YUAN YN.Rural financing dilemma and its causes[J].Time Finance,2018(12):48-49