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留学生经济学课程论文:贷款偿还率策略

时间:2018-05-31 09:25来源:www.ukthesis.org 作者:英国论文网 点击联系客服: 客服:Damien
通过正规银行和金融机构无法获得正规信贷机构一直是发展中国家贫困者面临的主要障碍之一。有两个主要原因被广泛讨论。首先,商业银行和事业单位认为贫困者的贷款数额很小,银行发放这些贷款是不经济的。其次,这些贫困者往往没有提供任何抵押品,这使得他们的贷款需求有风险,而传统的银行和机构避免娱乐这些类型的贷款。这些问题的解决方案是由小额信贷项目提供的。世界各地小额信贷项目的主要目标是通过向被忽视的贫困者提供小额贷款而不附带担保条件来减少贫困。
 
INTRODUCTION AND MOTIVATION  简介与动机
Lack of access to the formal credit facility through formal banking and financial institutions has been one of the major hurdles faced by the poor people of the developing countries. There are two main reasons widely discussed. Firstly, the commercial banks and institutions think that the loan demanded by the poor people are in very small amount and it is not economical for the banks to grant these loans. Secondly, these poor people often failed to provide any collateral, this makes their loan requirements risky, and conventional banks and institutions avoid entertaining these types of loans (Secondi, 2008). The solution to these problems was provided by microfinance programs. The primary objective of microfinance programs around the world is to reduce the poverty by providing small loans to the neglected poor people without the condition of collateral.
 
Microfinance has gained a considerable appreciation over the past three decades due to its mechanism of providing the credit access to the neglected poor people. In pursuit of the fight against poverty, small loans were provided by the microfinance institutions (MFIs) to the poor people so that they may utilize them to establish small businesses or expand their existing business and achieve self sufficiency. However, there has been considerable differences in the rate of interest charged on these loans by the various MFIs, repayment rates and level of self sufficiency achieved by the borrowers around the different regions of the developing countries (Ahlin et al 2011).
 
MFIs normally use group lending methodology to expand the credit access to the poors. This methodology helps the microfinance clients to keep a check on the proper utilization of the loan amount and also allowing only those individuals to be the part of the group who possess a good moral and financial reputation in their society. Eventually, much of the lender's responsibility of the supervision is shifted on to the group members. This helps the group members to effectively control the problems arising from incomplete information on the financial health of the individuals intending to join the group (Armendariz and Morduch, 2005). It has been viewed that the group loan given under joint liability lending contracts play an effective role in enforcing the contract conditions of loan repayments through peer monitoring by the group members. Under the joint/ group liability contracts, each group member is responsible for the repayment of the loan in case of any member reports default. Therefore, each group member act as guarantor for the others. It had been argued by various researchers that in a joint liability contracts the group members are well informed about their fellow group members compared to the MFIs or banks. Therefore, this peer monitoring by the group members is much more effective and a cheaper than the MFI’s (or bank’s) monitoring (Varian, 1990: Stiglitz, 1990 and Banerjee et al 1994).(责任编辑:cinq)


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