A Study On The Choice Of Borrowing Channels And Influence Factors Of Rural Households

The “three rural issues” are the key points related to the national economy and the people’s livelihood.Among them,the arduous task of rural financial reform is the prominent issue that refers to the development of rural economy in China.Since 2004,the No.1 document of the Central Government has focused on “three rural issues” for13 consecutive years,and all of them talked of rural financial issues.In 2018,the No.1 document of the Central Government also emphasizes that in order to realize the strategy of rural rejuvenation,it must solve where the money comes from.However,the rural households as the main body participating in the construction of the rural financial market,can play a role that cannot be ignored.It can be seen that studying the loan behavior of rural households can provide policy inspiration for the development of the rural financial market.Combined with the fact that China’s rural financial market presents the dual structure of formal finance and informal finance,the rural of households choose the utility-maximizing lending method under consideration of their own resource endowments.Therefore,we study the choice behavior of borrowing channel in household borrowing behavior which will help guide more financial resources to meet the needs of farmers and further optimize the rural financial structure.This article selects 651 valid questionnaires to analyze choice behavior of borrowing channel.First of all,it is found that 520 households with questionnaires indicated that there is a need for funds.Further descriptive statistical analysis is made on the demand for funds,the use of funds,and what kind of borrowing channel to choose from.This is followed by a corresponding statistical analysis.Theoretical analysis of the intrinsic mechanisms of various influencing factors on the choice of borrowing channels and the establishment of household statistics,economiccharacteristics,spatial characteristics and borrowing expectations of these factors in the cross-statistical analysis of the choice of farmers’ lending channels,preliminary judge the factors that affect the farmers to make choices.Again,referring to the intrinsic analysis logic of Chapter 4,we use the binary logistic model and marginal effect estimation to empirically investigate which factors will affect its choice and the size of the marginal contribution,so as to draw a few conclusions,such as strong demand for funds from farmers.And the high incidence of borrowing,the choice of rural households’ borrowing channels is affected by multiple factors,etc.Finally,combined with the analysis results and the realities of the rural financial market,it has drawn attention to the needs of farmers and the role of borrowing and loan expectations,and the implementation of points for different groups.Layer differentiation Strategies and note revelation intergenerational farmers and other differences in borrowing channel selection.