Ethnic Areas Farmers Credit Channel Choice Behavior Research

Economy cannot develop without financial support.In recent years,financial reform is deepening and financial service is being perfect in China's rural area where a financial system is forming with rural cooperative finance to be the main body,informal lending to be complement and the collaboration of commercial finance and political finance.But,there still have financing difficulties in some ethnic areas of China.If the influencing factors of the Farmers Credit Needs and credit channels choice can be analyzed by the farmers observable characteristics,a good reference to solving this problem will be got,while helping the ethnic areas to take targeted measures in poverty alleviation.This paper choose Lin xia Hui Autonomous Prefecture which is one of ethnic areas in gansu province,as the research object based on the data of questionnaire survey about local farmer credit needs.Firstly,analyze the present situation of the farmers of Linxia credit channels choosing in four aspects which are formal and informal financial channels supply status,the present credit needs of farmers,the basis of choosing these channels,farmers available credit channels.Secondly,divide the influencing factors of farmers credit behavior into three categories: family,economy and the financial environment,and make descriptive statistical analysis of that.Then divide the sample into the Han nationality and the minority,divide the credit channels into the formal and the informal at the same time,and make empirical research from these two channels by building Probit model of discrete binomial distribution in Eviews-6.0,Reach three conclusion: First,influence of Han nationality and the minority nationalities families formal financial channels choice behavior factors vary,the influence of minority farmers was more than Han nationality farmers,household characteristics on the influence of minority farmers and Han nationality farmers were not significant.Second,the factors that affect the choice behavior of the informal financial channels of the Han and minority farmers are not the same,and the three kinds of credit characteristics have significant influence on the informal financial channel selection of the two ethnic groups.Third,same credit characteristics of farmers choose non formal financial channels of influence is far greater than on Farmers' choice of formal financial channels influence.At last,put forward three corresponding suggestions for the ethnic rural areas combined with the actual condition of there:give full play to the role of formal financial channels,standardize and guide the informal financial channels,to play a supporting role of formal financial channels and informal financial channels of coordination.