高还款率是农村小额信贷机构实现可持续发展的重要保障,针对近年来国外农村小额信贷机构已逐渐放宽了连带责任要求等现象,重点从纵向社会资本和横向社会资本两方面对其如何影响农村小额信贷团体贷款的还款激励进行了梳理和总结,纵向社会资本在强度和稳定性方面具有一定的脆弱性,其大小完全取决于信贷员自身的“努力程度”。而横向社会资本则主要集中在社会关系、信任传递、互惠性和社会网络等四方面。 The high repayment rate is an important guarantee for rural microfinance institutions to achieve sustainable development. In view of the phenomenon that foreign rural microfinance institutions have gradually relaxed their joint and several liability requirements in recent years, the focus is on their vertical social capital and horizontal social capital How to influence the loan repayment incentives of rural microfinance groups is reviewed and summarized. The vertical social capital has a certain degree of vulnerability in terms of strength and stability, and its size depends entirely on the “effort” of the loan officers themselves. The horizontal social capital is mainly concentrated in four aspects: social relations, trust transfer, reciprocity and social network.