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dc.creatorNagarajan, Geethaen_US
dc.creatorMeyer, Richard L.en_US
dc.description.abstractThis paper assesses the role of collateral by examining if collateral matters for loans, i.e., if the lack of conventional collateral limits access to institutional credit in rural areas. It also discusses conditions under which collateral matters for loans by analyzing the constraints found in using collateral/collateral substitutes in different types of environments for various categories of borrowers. The analyses based on literature survey shows that while collateral matters for improving access to loans and to loans of larger size, these relationships may hold only when specific conditions such as strong markets and legal institutions, and political and social willingness to allow collateral perform its prescribed role are met. Policy recommendations for bankers, governments and donors are drawn from the analysis.en_US
dc.format.extentPages: 40en_US
dc.publisherOhio State University. Department of Agricultural, Environmental, and Development Economicsen_US
dc.relation.ispartofseriesOhio State University. Department of Agricultural Economics and Rural Sociology. ESO (Economics and Sociology Occasional Paper). No. 2207en_US
dc.rightsThis item may be protected by copyright, and is made available here for research and educational purposes. The user is responsible for making a final determination of copyright status. If copyright protection applies, permission must be obtained from the copyright holder to reuse, publish, or reproduce the object beyond the bounds of Fair Use or other exemptions to the law.en_US
dc.titleCollateral for Loans: When Does it Matter?en_US
dc.type.genreWorking Paperen_US

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