An Analysis Of The Influence Of Farmers' Social Capital On The Borrowing Tendency And Its

Peasant Household’s Credit has always been the core and difficulty of rural financial research. Serving three agricultures as the goal of rural financial institutions has increased year by year with the deepening of the reform of mechanism of system of rural financial institutions. However, families generally feel it difficult to get funding support from financial institutions. And the allocation structure of new type of rural financial institutions in the operation process is not as ideal as the purpose of the top-level design, credit funds there is an obvious deviation of "agriculture, rural areas and farmers" and the poor peasant households "offset" phenomenon. The reasons for the above phenomenon is the existence of the problem of asymmetric information and the farmers lack of effective collateral. Therefore, from the reality of lending conditions in the rural area, to study the feasibility of peasant household social capital play a role of mortgage substitution, from two aspects of loan supply and the demand of peasant household borrowing behavior and its influencing factors, to optimize the farmers borrowing behavior, improve the rural financial organization system mechanism reform is of great theoretical and practical significance.Based on peasant household borrowing, summarized the related research, on the basis of the summary, to the farmer’s economic behavior, borrowing, rural financial system and peasant household borrowing related theory, social differentiation theory, social capital theory as the foundation, combining the latest progress in the study of peasant household borrowing, first of all, by applying the theory of social capital into the analysis model, by comparing the optimal size of the loan mortgage under the condition of society and the optimal size of the loan under the condition of social capital, discusses peasant household social capital play mortgage theory feasibility of alternative technologies. Study found that compared with the mortgage loan, loan conditions can more effectively improve the farmer’s social capital loan availability. Second, the 11 provinces (cities, districts) in the western areas of 1664 peasant households survey data for statistical description, to understand the status of the samples at this stage the farmer’s social capital and lending conditions. And on this basis, the build needs to recognize the bivariate Probit model, the comparative study on household characteristics and peasant household social capital to its formal trends of supply and demand of informal lending and borrowing.The empirical results show that both formal and informal financial institutions turn to provide loans to peasant households with favorable social capital. However, different levels of social capital have different impacts on peasant households’ credit behavior. Formal financial institutions place more weight on political capital and financial capital, while informal institutions place more weight on interpersonal capital. Peasant households with high income and favorable interpersonal capital prefer formal credit, while elder peasants with rich political capital prefer informal credit. Rising social capital is an effective approach to solving credit crunch under the existing rural financial environment. Besides, the specific methods are given.