The Political Economy of Rural Credit
Gutierrez, Luis Rosendo
To provide affordable financial services to the rural population in less developed countries has been a critical component of public development policies. Direct interventions in rural finance through credit programs, interest subsidies and other government policies became widespread until the 1970¿s when began a strong disenchantment with this approach. As a response, at the beginning of the 1980¿s appeared a new approach that trying to comba...