Locking crops to unlock investment : experimental evidence on warrantage in Burkina Faso / Clara Delavallade, Susan Godlonton
Contributor(s): Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: World Bank E-Library Archive | Policy research working paper ; 9248Publisher: [Washington, DC, USA] : World Bank Group, Africa Region, Gender Innovation Lab, May 2020Description: 1 Online-Ressource (circa 44 Seiten) : IllustrationenSubject(s): Genre/Form: Additional physical formats: Erscheint auch als: Locking Crops to Unlock Investment: Experimental Evidence on Warrantage in Burkina Faso. Druck-Ausgabe Washington, D.C : The World Bank, 2020DOI: DOI: 10.1596/1813-9450-9248Online resources: Summary: Financial market imperfections remain pervasive in developing countries, constraining potentially profitable investment decisions, especially for rural smallholder farmers. Warrantage is an innovative model of rural finance with the potential to overcome credit, storage, and commitment constraints through a localized inventory credit scheme. Exploiting random variations in household access to warrantage and intensity of access across villages, this paper studies the direct impact of this scheme on beneficiaries as well as its spillover effects. Take-up of storage is high (94 percent), while credit take-up is moderate (38 percent). Households with access to warrantage primarily store sorghum and maize and sell their production over an extended period of time, earning higher average prices and resulting in higher sales revenue (PPN: PPN: 1723422312Package identifier: Produktsigel: ZDB-110-WBL | ZDB-1-WBA | ZDB-110-WBONo physical items for this record
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