Original Research
Rural finance institutions, markets and policies in Africa
South African Journal of Economic and Management Sciences | Vol 7, No 4 | a1295 |
DOI: https://doi.org/10.4102/sajems.v7i4.1295
| © 2004 G Pederson
| This work is licensed under CC Attribution 4.0
Submitted: 14 January 2004 | Published: 30 November 2004
Submitted: 14 January 2004 | Published: 30 November 2004
About the author(s)
G Pederson, University of Minnesota, United StatesFull Text:
PDF (168KB)Abstract
We identify three types of obstacles (missing institutions) that limit the process of financial deepening in rural financial markets. Each of these obstacles contributes to a continuing and common dilemma in developing countries - the lack of long-term finance. In Africa, as in most developing regions, there is need to develop a more consistent strategy for improving access to term finance in agriculture and rural areas. Although some examples of term financing can be found in African agriculture, the general lack of term financing in rural areas can be linked to the lack of general policy measures to enhance the environment for long-term financing, weak effective demand for rural and agricultural investment financing, and inadequate capacity of lenders to provide long-term finance to those clientele.
Keywords
No related keywords in the metadata.
Metrics
Total abstract views: 2298Total article views: 1846
Crossref Citations
1. Does global economic reform accentuate technological innovation? A comparative evidence around the world
Jun Wen, Chukwuemeka Valentine Okolo
Economic Research-Ekonomska Istraživanja vol: 36 issue: 3 year: 2023
doi: 10.1080/1331677X.2023.2264371