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Part 1: Document Description
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Citation |
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Title: |
Crop Price Indemnified Loans for Farmers: A Pilot Experiment in Rural Ghana |
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Identification Number: |
doi:10.7910/DVN/27851 |
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Distributor: |
Harvard Dataverse |
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Date of Distribution: |
2014-11-25 |
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Version: |
3 |
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Bibliographic Citation: |
Karlan, Dean; Kutsoati, Ed; McMillan, Margaret; Udry, Christopher, 2014, "Crop Price Indemnified Loans for Farmers: A Pilot Experiment in Rural Ghana", https://doi.org/10.7910/DVN/27851, Harvard Dataverse, V3 |
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Citation |
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Title: |
Crop Price Indemnified Loans for Farmers: A Pilot Experiment in Rural Ghana |
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Identification Number: |
doi:10.7910/DVN/27851 |
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Authoring Entity: |
Karlan, Dean (Yale University) |
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Kutsoati, Ed (Tufts University) |
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McMillan, Margaret (Tufts University) |
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Udry, Christopher (Yale University) |
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Software used in Production: |
STATA |
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Distributor: |
Harvard Dataverse |
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Distributor: |
Innovations for Poverty Action |
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Access Authority: |
Research Transparency, Data Ethics, and Governance |
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Date of Deposit: |
2014-11-19 |
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Date of Distribution: |
2014 |
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Holdings Information: |
https://doi.org/10.7910/DVN/27851 |
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Study Scope |
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Keywords: |
Social Sciences, Finance, Indemnified loans, Agriculture, Risk, Global Financial Inclusion |
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Abstract: |
This paper presents the results of a financial intervention using loans, of which 50% is forgiven given a drop in crop prices below a certain threshold, in Ghana intended to investigate 1) the role of crop-price risk in reducing demand for credit among farmers and 2) how risk mitigation changes farmers' investment decisions. After baseline survey was taken and farmers were randomized into treatment and control, 20 meetings were set up in order to inform maize and garden egg farmers in the five villages of new loan product that would be distributed conditional on investment in their farms. 169 farmers attended the meetings, of which 91 were maize farmers and 78 were garden egg farmers. Two sets of meetings were in place, 10 that offered a standard loan product and 10 that offered a loan product that had a 50% forgiveness mechanism built in if average crop prices fell below a certain threshold (set at the 10th percentile for historical garden egg prices and the 7th percentile for maize prices). The average loan size for all loans was approximately 238 GHS, or 159 USD. Farmers were not informed of what type of meeting they would attend, and were unaware that there was a difference between the meetings prior to attending. Outcome measures were types of individuals that are likely to take up the loan under both the control and treatment condit ions, and the impact that the indemnified loan had on investment and profits versus the standard loan. |
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Date of Collection: |
2007-08-2008 |
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Country: |
Ghana |
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Geographic Coverage: |
Eastern region of Ghana |
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Unit of Analysis: |
Individuals |
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Universe: |
Maize or garden egg farmers in five villages in Ghana where Mumuadu Rural Bank in the eastern region of Ghana works. |
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Kind of Data: |
Survey data, administrative data |
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Methodology and Processing |
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Data Collector: |
Mumuadu Rural Bank, Innovations for Poverty Action |
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Sampling Procedure: |
Mumuadu Bank employees contacted key community members (district assemblyman, storekeepers, farmers) in each of five villages to collect the names of all maize and garden egg farmers in the village. From the listing, farmers were randomly assigned into either the control or treatment group, and the same community members invited the farmers to marketing meetings separated by treatment and control. Maize and garden egg crops chosen for their prevalence in the region, price volatility, and availability of historical data. |
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Mode of Data Collection: |
In-person interviews, administrative data from Mumuadu Bank |
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Sources Statement |
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Data Access |
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Archive Where Study was Originally Stored: |
http://karlan.yale.edu/p/ |
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Notes: |
<a href="http://creativecommons.org/publicdomain/zero/1.0">CC0 1.0</a> |
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Other Study Description Materials |
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Related Materials |
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http://onlinelibrary.wiley.com/doi/10.1111/j.1539-6975.2010.01406.x/abstract |
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Related Studies |
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http://karlan.yale.edu/p/ |
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Related Publications |
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Citation |
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Title: |
Karlan, D., Kutsoati, E., McMillan, M., and Udry, C., 2011, "Crop Price Indemnified Loans for Farmers: A Pilot Experiment in Rural Ghana." The Journal of Risk and Insurance 78(1): 37-55. |
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Identification Number: |
10.1111/j.1539-6975.2010.01406.x |
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Bibliographic Citation: |
Karlan, D., Kutsoati, E., McMillan, M., and Udry, C., 2011, "Crop Price Indemnified Loans for Farmers: A Pilot Experiment in Rural Ghana." The Journal of Risk and Insurance 78(1): 37-55. |
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Label: |
ado files.zip |
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Text: |
Contains ado files needed to run code |
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Notes: |
application/zip |
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Label: |
CropIndemnity_nov10.do |
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Text: |
Stata code |
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Notes: |
text/x-stata-syntax; charset=US-ASCII |
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Label: |
Karlan - Crop Price Loans Dataverse files.zip |
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Text: |
Contains all files needed for replication (data, code, surveys, ado files) in the proper folder structure, as well as Readme files |
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Notes: |
application/zip |
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Label: |
Mumuadu Survey baseline_10.23.pdf |
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Text: |
Baseline survey |
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Notes: |
application/pdf |
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Label: |
Mumuadu- Follow Up Survey_01282009.pdf |
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Text: |
Follow-up survey |
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Notes: |
application/pdf |
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Label: |
mumuadu_dataset.dta |
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Text: |
Stata dataset for project |
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Notes: |
application/x-stata |
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Label: |
Readme - Karlan, Crop Price Loans.docx |
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Text: |
Readme document that accompanies the data, code, and survey files. Contains information on what is included in each file, folder structure needed to run code, Stata version used in replication and user-written commands included in code. |
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Notes: |
application/vnd.openxmlformats-officedocument.wordprocessingml.document |