Abstract: The paper found direct evidence of a negative association between collateral and the accessibility of farmers’ loans. By contrast, Reputation can add the accessibility. The empirical results also show that the collateral loan which has lower interest, longer term and larger size should be used for productive purposes. However, credit loan by reputation which has higher interest, shorter term and smaller size could be used for meeting the liquidity and consuming purposes. By loan classification，collateral loan is appropriate for richer farmers, the credit loan by reputation is suitable for low-income group.

Key words: accessibility of farmers&rsquo, loans