Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/123693 
Erscheinungsjahr: 
2015
Schriftenreihe/Nr.: 
Ruhr Economic Papers No. 588
Verlag: 
Rheinisch-Westfälisches Institut für Wirtschaftsforschung (RWI), Essen
Zusammenfassung: 
We study borrowers' preferences over bank and family loans based on field work undertaken in rural Rwanda. We randomly assigned willingness-to-pay questions for a hypothetical loan offer either by a bank or by a family member to a sample of 480 households. Informal family loans are typically easier to access. Because of the social costs they imply, it is widely believed that family finance is less attractive than formal finance. Our empirical results, however, show no significant difference in preferences over these two choices. This suggests that even if formal credits were widely accessible, people would still also utilize informal finance.
Schlagwörter: 
informal finance
family loans
bank loans
social collateral
willingness-to-pay
JEL: 
D14
O17
Persistent Identifier der Erstveröffentlichung: 
ISBN: 
978-3-86788-683-3
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
292.91 kB





Publikationen in EconStor sind urheberrechtlich geschützt.