Civilian Loan Marke Needs Regulation and Standardization exemplified by 3,331 farming households from Shanxi,Hubei,Henan,Jiangsu and Jilin Provinces

摘要

Loans have become a common occurrence in many households,contributing to household activities and productivity.An empirical analysis and comparative study on the loan wends of 3,331 farming households from the five provinces of Shanxi,Hubei,Henan.Jiangsu and Jilin are the focus of this study.Findings indicate that civilian loans are prevalent in China’s rural areas and play an important part in the livelihoods of many farming households.Loan action is found to be rational;reflecting differences in government policies,in various periods and locations.The study also looks at the popularity of"affection"loans,the relation between loan length and repayment amount and the propensity of loan contracts,as well as considering the impacts of gender,age and educational level on a households loan activity.