“三位一体”信用合作通过熟人社会、重复博弈下互联性贷款和金融联结三大优势触发自我履约机制，以不同的影响路径发挥缓解农户融资约束的作用；相对于单一信用合作，“三位一体”信用合作在解决信息不对称、融资成本高、缺乏抵押担保等融资约束方面优势显著。以民钰种养农民专业合作社为例研究发现，在合作社内部开展“三位一体”信用合作能满足社员小额信贷需求，但仍然面临地方政府有关部门认识不统一、内部风险治理机制不完善等挑战。

“Trinity” credit cooperation alleviates the financing constraints of farmers through the self-performance mechanism triggered by its three advantages—acquaintance society, interconnected loans under repeated games and financial linkage. Compared with the single credit cooperation, “Trinity” credit cooperation have remarkable advantages in addressing financing constraints problems such as information asymmetry, high financing costs and lack of mortgage guarantee. Taking Minyu Farmer Specialized Cooperative as an example, it is found that the “Trinity” credit cooperation within the cooperatives could meet its members’ needs of microfinance, but it still faces the challenges of inconsistent understanding of relevant local government departments, and imperfect internal risk management mechanisms, etc.

F832.4

国家自然科学基金应急管理项目（72141003）；国家留学基金委“国家建设高水平大学公派研究生项目”（202206350104）；清华大学中国农村研究院研究课题（CIRS2021-7）