小额信贷团体贷款绩效研究

Research on the Performance of Microfinance Group Loans

小额信贷的团体贷款技术适时创新,对于推动我国乡村振兴战略实施中的金融支农产品创新,以及弥合小额信贷贷款技术的理论争议,具有现实价值与理论意义。既有文献较少对小额信贷主要贷款技术在统一理论框架中进行理论与经验解释,本文通过建立借贷双方博弈模型,提出了运行成本主导了贷款技术选择结果。通过MIX数据进行计量经济检验,发现经营成本、社会经济环境对小额信贷机构贷款技术选择有显著影响。提出了适时完善五户联保,探索抵押贷款、信用贷款技术等技术的政策建议,以期提高小额信贷的绩效。

The timely innovation of microfinance group loan technology is of practical value and theoretical significance for promoting the innovation of financial products in the implementation of my country's rural revitalization strategy,and for bridging the theoretical disputes of microfinance loan technology.Since existing literatures rarely explain microfinance lending methodology,theoretically and empirically,under uniform framework,we set game models between borrower and lender,and propose that operating cost dominates techniques selection.Meanwhile,operating cost,social&economic environments effect lending techniques significantly based on econometrics model using MIX data.Policy recommendations are proposed,such as perfecting group lending,exploring mortgage loan and unsecured loan,so as to improving the performance of microfinance.