Factors affecting the level of access to credit by individuals doing commercial activities in rural areas of Bac Ninh province

Abstract

Bac Ninh is a northern gateway province of Hanoi capital and is one of eight provinces in the Northern key
economic region. From a purely agricultural province, Bac Ninh economy has developed in the direction of
reducing the proportion of agriculture, increasing the proportion of industry-handicraft and trade villages, and
developing agricultural production towards high-tech applications in order to improve added value and sustainable
development. Contributing to that change has an important role of credit capital. However, in Bac Ninh, there is
still a part of individual commercial customers in rural areas who have not yet access to formal credit, which is
one of the major challenges in rural economic development. Therefore, the research team had a questionnaire
survey for 250 individuals with commercial activities in rural areas in the districts of Bac Ninh province to assess
the factors affecting the level of access to credit of these customers, on that basis, propose solutions to enhance
access to finance, contributing to promoting sustainable rural economic development.