TY - BOOK ID - 137686429 TI - Locking Crops to Unlock Investment : Experimental Evidence on Warrantage in Burkina Faso AU - Delavallade, Clara. AU - Godlonton, Susan. PY - 2020 PB - Washington, D.C. : The World Bank, DB - UniCat KW - Access to Finance KW - Africa Gender Policy KW - Agricultural Investment KW - Agricultural Sector Economics KW - Agriculture KW - Agriculture and Farming Systems KW - Crops and Crop Management Systems KW - Finance and Financial Sector Development KW - Gender Innovation Lab KW - Inventory Credit KW - Rural Development KW - Rural Finance KW - Rural Microfinance and SMEs KW - Storage KW - Warrantage UR - https://www.unicat.be/uniCat?func=search&query=sysid:137686429 AB - 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 ( ER -