The use of village agents in rural credit delivery
用委托代理模型分析正规金融机构利用村庄代理人筛选借款人和催收还款时的激励问题，推导最优补偿方案，并讨论村庄规范对约束代理人行为的帮助。
Using a simple principal-agent model this article examines the incentive problems that arise when a formal financial institution (such as a rural bank) utilises a member of the rural community to act as an agent in screening potential borrowers and collecting repayment. Optimal compensation schemes are derived for the agent and their implications are discussed. In addition, I show that the norms and rules that govern village life may aid the financial institution by helping to constrain possible strategic behaviour by the agent.