why micro‐lending institutions grant loans to poor individuals countering well‐known models of credit markets and credit … implications – The paper includes implications for the administration of micro‐credit loans in China and other developing nations …

/methodology/approach – Using a sample of farm credit system loans, prepayment and default are modeled as competing risks with potentially non …

credits, in a form of reciprocal arrangement, are weak substitutes for institutional loans. Different segments of borrowers …

‐year operating loans to identify those variables that influence the time to loan termination and type of termination. Variables …/methodology/approach – A systematic sample of 877 seven‐year, FSA direct loans originated between October 1, 1993 and September 30, 1996 was … are significant. Research limitations/implications – The sample consists only of FSA direct loans which implies borrowers …

variables that affect the decision to use loan guarantees and the volume of loans with interest assistance. Design …

is to investigate first whether agricultural firms have a different probability to get a loan and whether their loans are … differently volume rationed than loans to non‐agricultural firms. Second, the paper analyzes whether agricultural firms repay … their loans with different delinquencies than non‐agricultural firms. Design/methodology/approach – The authors estimate a …

measuring financial risk by using the actual interest rates charged on agricultural loans reported in the USDA’s ARMS survey as … relates rates to several farm, producer, and lender characteristics. Because individual loans in our sample have different … perceived by lenders) tends to be higher for farms with less wealth (net worth) and more loans. Farm operators who live on their …