The Credit Constraints of Market-Oriented Farmers in Chile

A. Reyes, B.W. Lensink

Research output: Contribution to journalArticleAcademicpeer-review

15 Citations (Scopus)


Using data from two surveys conducted in 2006 and 2008 with 177 farmers, this article determines whether market-oriented farmers in central Chile are credit constrained, and it identifies the main factors that influence formal credit provision. In so doing, this study explicitly tests whether social capital variables play a role in determining credit constraints. That is, the authors explore the determinants of classifications into four categories of credit provision and rationing, using a panel multinomial logit model. The results suggest that most market-oriented farmers are unconstrained. Empirical evidence supports the importance of relationship variables for improving access to financial capital
Original languageEnglish
Pages (from-to)1851-1868
JournalJournal of Development Studies
Issue number12
Publication statusPublished - 2011


  • imperfect information
  • rural credit
  • peruvian agriculture
  • bank loans
  • short-term
  • choice
  • debt
  • reputation
  • impact


Dive into the research topics of 'The Credit Constraints of Market-Oriented Farmers in Chile'. Together they form a unique fingerprint.

Cite this