Abstract
Being a developing country, Pakistan finds most of its farmers facing very meager economic conditions. Owing to this, they are incapable to manage expenses of their various agricultural requirements and provisions; including basic agricultural inputs and machinery. In order to overcome these issues, through the most simple and conceivable means, they opt to secure financing from numerous resources, the most important of which are informal financing sources. However, there are some drawbacks related to informal finance that makes its usage less appealing. These include the practice of charging an exorbitant interstate, the lack of appropriate legal documentation, the provision of insufficient funds, and reliance on trust. The empirical data was collected from farmers who, frequently avail informal finances, and have similar publicized shortcomings. The present study was conducted to critically analyze - theoretically as well as practically, through empirical research, the downsides of informal financing.
Dr. Lutfullah Saqib, Azmat Ullah, Muhammad Wahab. (2018) DETERMINANTS OF FAILURE IN INFORMAL AGRO-FINANCE- A STUDY OF RURAL AREA OF KHYBER PAKHTUNKHWA, PAKISTAN, New Horizons, Volume-12, Issue 1.
-
Views
487 -
Downloads
34
Next Article
