数字普惠金融背景下的小额信贷与农户收入

Microfinance and Farmers’ Income in the Context of Digital Inclusive Finance

与传统小额信贷相比,以网络平台小额信贷为代表的数字普惠金融不但可以分散风险、降低信息成本,而且可以缓解资金供给不足的困境,因而在小额信贷领域备受期待。本文利用公益性网络借贷平台——宜农贷开展的追踪调查数据,实证考察了宜农贷平台借贷对农户收入的影响。基于倾向得分匹配基础上的双重差分法(PSMDID)分析表明:宜农贷平台借贷促进了农户人均纯收入的提高,且主要是通过提高农户的农业类收入实现。进一步研究发现,宜农贷平台借贷对农户人均纯收入的提高作用与农户人均纯收入水平之间呈现U型关系。因此,本文建议,在处于脱贫攻坚战关键期和加快乡村振兴的当下,政府可以通过政策支持引导以网络平台为媒介的小额信贷来支持贫困地区农村发展,进一步扩大返贫力量和资源。

Compared with the traditional microfinance institutions(MFIs),as one kind of digital inclusive finance,online platform microfinance can not only diversify risks,reduce information costs,but also alleviate the problem of insufficient funding.Using a panel data set from Yinongdai—a lending platform,this paper empirically examined the impact of lending platform on farmers’income.The propensity score matching in combination with differences in difference(PSM-DID)analysis shows that:lending platform did improve farmers’income,and this is mainly through raising the farmers’agricultural income.Further study shows that the effect of lending platform on net income has the U-type relationship with initial level of net income per capita.This article suggests that in the critical period of poverty eradication,the government can guide and support lending platform to support rural development and expand the strength and resources to return to poverty.