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題名 寮國的銀行貸款違約的決定因素
Determinants of Loan Defaults in Laos
作者 方楠冠
Vongnakhone, Morxay
貢獻者 蔡政憲
Tsai, Jason
方楠冠
Morxay Vongnakhone
關鍵詞 小額貸款
鄉村銀行
貸款違約
寮國
Microfinance
Village Bank
Loan Default
Laos
日期 2020
上傳時間 3-Aug-2020 17:47:51 (UTC+8)
摘要 This study investigates the determinants of loan defaults of the village banks in Laos. I use a questionnaire and a semi-structured interview to collect data. This research is based on 293 microcredit loans granted by the village banks under the supervision of the microfinance institution (Saving and Credit Union Champa Phatthana). By applying statistical methods, I find that marital status (widowed), family members who earn the living, expenses on festivals less than 1million LAK, no agriculture land holding, loan size (ln), and loan diversion rate less than 35% have positive relations with loan default. Conversely, commute time to the financial institution office, loan diversion rate more than 50%, and construction loan factors have negative relations.
參考文獻 Adurayemi, A.C., Sunday, O.I., & Abiola, B.A. (2019). Microfinance banks’ s loan size and default in some selected microfinance banks in Lagos State, Nigeria, Working Paper.
Agriculture Promotion Bank. (2020). Interest Rate. Retrieved May 10 from https://www.apb.com.la/interestrate.php
Agriculture Promotion Bank. (n.d). History and vision. Retrieved from: https://www.apb.com.la/history.php
Asian Development Bank. (2006). Rural finance in the Lao People’s Democratic Republic: Demand, supply, and sustainability. Retrieved from : https://www.adb.org/sites/default/files/publication/159368/adbi-rural-finance-lao.pdf
Asian Development Bank. (2013). The Lao economy: capitalizing on natural resource exports. Retrieved from: https://www.adb.org/publications/lao-economy-capitalizing-natural-resource-exports
Bank of Lao PDR. (2018). Annual economic report2018. Retrieved from: http://www.bol.gov.la/en/fileupload/20-05-2019_1558320515.pdf
Berhanu, A., & Fufa, B. (2008). Repayment rate of loans from semi-formal financial institutions among small-scale farmers in Ethiopia: Two-limit Tobit analysis. The Journal of Socio-Economics, 37, 2221–2230.
Boateng, S. D., Amoah, I. A., & Anaglo, J. N. (2015). The influence of demographic factors, products and service characteristics of microfinance institutions on repayment performance among farmers in the eastern region, Ghana. Journal of Ghana Science Association, 16(2),19-26.
Chaleunsinh, C., Akihiko, O., Koichi, F., & Fumiharu, M. (2015). An analysis on borrowing behavior of rural households in Vientiane Municipality: Case study of four villages. Center for Southeast Asian Studies, Kyoto University, 3,113-133.
Chanleunsinh, C., Fujita, K., Mieno, F., & Ono, A. (2011). Should microcredit be a right for the poor? Credit demand of poor households in Laos, working paper.
Consultative Group to Assist the Poor. (2010). Annual report 2010. Retrieved from https://www.cgap.org/sites/default/files/organizational-documents/CGAP-Annual-Report-Dec-2010.pdf
Ellis Kofi, A.S., and Portia, B. (2015). Determinants of business loan default in Ghana. Junior Scientific Researcher Journal, 1(1), 10-26.
Jote, G.G. (2018). Determinants of loan repayment: The case of microfinance institutions in Gedeo Zone, SNNPRS, Ethiopia. Universal journal of Accounting and Finance 3(6), 108-122.
Korankye, A.A. (2014). Causes and control of loan default/delinquency in microfinance institutions in Ghana. American International Journal of Contemporary Research, 4(12), 36-45.
Lao Microfinance Association. (n.d). Microfinance in Laos. Retrieved from https://www.laomfa.org/about-us/microfinance-in-laos/
Ministry of Planning and Investment, National Economic Research Institute, & Bank of the Lao PDR. (2012). Microfinance in the Lao PDR. Retrieved from file:///C:/Users/Morxay/Downloads/2012-6MicrofinanceintheLaoPDR2012.pdf
Ministry of Planning and Investment. (2016). National Socio – Economics Development Plan 2016-2020. Retrieved from https://www.undp.org/content/dam/rbap/docs/meetTheSDGs/Laos%20PDR%20DFA%20-%20Development%20Finance%20for%20the%208th%20Nat%20Socio-Economic%20Dev%20Plan%20and%20the%20SDGs.pdf
Mokhtar, S.H., Nartea, G., & Gan, C. (2012). Determinants of microcredit loans repayment problem among microfinance borrowers in Malaysia. International Journal of Business and Social Research, 2(7), 33-45.
Mota, J., Moreira, A.C., & Brandao, C. (2018). Determinants of microcredit repayment in Portugal: Analysis of borrowers, loans and business projects. Portuguese Economic Journal, 17,141–171.
Murthy, U., & Mariadas, P.A. (2017). An exploratory study on the factors contributing loan repayment default among the loan borrowers in micro finance institutions in Shah Alam, Selangor. International Journal of Business and Management, 12(12), 242-250.
Muthoni, M. P. (2016). Assessing borrower’s and business’ factors causing microcredit default in Kenya: A comparative analysis of microfinance institutions and financial intermediaries. Journal of Education and Practice, 7(12), 97-118.
Muthoni, M.P., Mutuku, L.P., & Kamau, R.G. (2017). Influence of loan characteristics on microcredit default in Kenya: A comparative analysis of microfinance institutions and financial intermediaries. Journal of Business and Management, 5(19), 39-59.
Mwaka, M.K. (2014). Factor influence repayment among microfinance loan consumers in Makueni County: A case of Nzaui/Kilili/Kalamba Ward, Makueni County, Kenya, Working paper.
Nanayakkara, G., & Stewart, J. (2015). Gender and other repayment determinants of microfinancing in Indonesia and Sri Lanka. International Journal of Social Economics, 42(4), 322-339
Phonesavanh Bank. (2020). Personal Loan. Retrieved May 10, 2020 from https://www.phongsavanhbank.com/psv/modules.php?lg=lao&modules=loan_personal
Phonesavanh, S., (2015). The impact of microfinance on poverty reduction in Oudomxay, northern province, Lao PDR. working paper.
Resilience Science on Twitter. (2006, December 11). We Can Create a Poverty-Free World. Retrieved from http://rs.resalliance.org/2006/12/11/we-can-create-a-poverty-free-world/
Saving and Credit Union Champa Phatthana. (2018). Annual report 2017. Unpublished internal document, Saving and Credit Union Champa Phatthana.
Saving and Credit Union Champa Phatthana. (2020). Annual report 2019. Unpublished internal document, Saving and Credit Union Champa Phatthana.
Sayvaya, I. (2012). Does microfinance reduce poverty in Lao PDR? Case study of village development dunds (VDFs) at Sukuma District, Champassak Province, Lao PDR. Working paper.
Seibel, H. D., & Kunkel, C. R. (1999). Microfinance in Laos: A case for women`s banking. University of Cologne, Development Research Center, Working Paper, No. 1999,3.
Selvaraj, T., Karim, Z.A., Rahman, A.A., & Chamhuri, N. (2019). The Determinants of microcredit quality in Malaysia: A panel evidence. International Journal of Business and Society, 20(2), 641-656.
Siaw, A., Ntiamoah, E.B., Oteng, E., & Opoku, B. (2014). An empirical analysis of the loan default rate of microfinance institutions. European Journal of Business and Management, 6(20), 12-17.
Swiss Agency for Development and Cooperation SDC & Embassy of Switzerland. (2016). Assessing potential changes in the migration patterns of Laotian migrants and heir impacts on Thailand and Lao people’s democratic republic. Retrieved from https://thailand.iom.int/sites/default/files/document/publications/EN%20-%20Assessing%20Potential%20Changes%20in%20the%20Migration%20Patterns%20of%20Laotian%20Migrants%20and%20Their%20Impacts%20on%20Thailand%20and%20Lao%20People%27s%20Democratic%20Republic.pdf
Swiss Agency for Development and Cooperation SDC, United Nations Population Fund, World Bank, & United Nations Children`s Fund. (2015). Lao population and housing census. Retrieved from https://lao.unfpa.org/en/publications/results-population-and-housing-census-2015-english-version
The ASEAN Secretariat. (2017). ASEAN statistical report on millennium development goals. Retrieved from: https://asean.org/storage/2012/05/ASEAN_MDG_2017.pdf
The government of Lao PDR. (2004). National growth and poverty eradication strategy (NGPES). Retrieved from https://www.sunlabob.com/data/documents/energy_issues/LG-National_Growth_and_Poverty_Eradication_Strategy.pdf
United Nations Children`s Fund. (2005). Microfinance and the millennium development goals. Retrieved from https://www.yearofmicrocredit.org/docs/mdgdoc_MN.pdf
United Nations, Organización de las Naciones Unidas. (2004, November 18). International year of microfinance 2005. Retrieved from https://www.un.org/en/events/pastevents/microcredit_2005/
World Bank. (2018). Lao PDR economic monitor. Retrieved from http://documents.worldbank.org/curated/en/418261529002464394/pdf/127222-REVISED-Lao-PDR-Economic-Monitor-Report-June-2018-for-Website.pdf
World Bank. (2020, April 16). Poverty. Retrieved from https://www.worldbank.org/en/topic/poverty/overview
Yibrie O., & Ramakrishna, R (2017). Determinants of loan repayment performance in ACSI. International Journal of Advanced Research in Management and Social Science, 6(4), 151-170.
描述 碩士
國立政治大學
國際經營管理英語碩士學位學程(IMBA)
107933050
資料來源 http://thesis.lib.nccu.edu.tw/record/#G0107933050
資料類型 thesis
dc.contributor.advisor 蔡政憲zh_TW
dc.contributor.advisor Tsai, Jasonen_US
dc.contributor.author (Authors) 方楠冠zh_TW
dc.contributor.author (Authors) Morxay Vongnakhoneen_US
dc.creator (作者) 方楠冠zh_TW
dc.creator (作者) Vongnakhone, Morxayen_US
dc.date (日期) 2020en_US
dc.date.accessioned 3-Aug-2020 17:47:51 (UTC+8)-
dc.date.available 3-Aug-2020 17:47:51 (UTC+8)-
dc.date.issued (上傳時間) 3-Aug-2020 17:47:51 (UTC+8)-
dc.identifier (Other Identifiers) G0107933050en_US
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/131053-
dc.description (描述) 碩士zh_TW
dc.description (描述) 國立政治大學zh_TW
dc.description (描述) 國際經營管理英語碩士學位學程(IMBA)zh_TW
dc.description (描述) 107933050zh_TW
dc.description.abstract (摘要) This study investigates the determinants of loan defaults of the village banks in Laos. I use a questionnaire and a semi-structured interview to collect data. This research is based on 293 microcredit loans granted by the village banks under the supervision of the microfinance institution (Saving and Credit Union Champa Phatthana). By applying statistical methods, I find that marital status (widowed), family members who earn the living, expenses on festivals less than 1million LAK, no agriculture land holding, loan size (ln), and loan diversion rate less than 35% have positive relations with loan default. Conversely, commute time to the financial institution office, loan diversion rate more than 50%, and construction loan factors have negative relations.en_US
dc.description.tableofcontents 1. Introduction 1
1.1. Country Brief of Laos 1
1.2. Overview of Microfinance in Laos 4
1.3. Microfinance Providers in Laos 5
1.3.1. Formal Microfinance Sector 5
1.3.2. Semi-Formal Microfinance Sector 6
1.3.3. Informal Microfinance Sector 7
2. Literature Review and Conceptual Framework 8
2.1. Literature Review 8
2.2. Conceptual Framework 15
3. Village Bank and SCU Champa Phatthana 17
3.1. Village Bank Organizational Structure 17
3.1.1. General Assembly of Members 17
3.1.2. Village Bank Committee (VBC) 18
3.1.3. Village Bank Advisor 18
3.1.4. Financial Services of Village Bank 19
3.2. Brief of the Saving and Credit Union Champa Phatthana 21
4. Methodology 25
4.1. Research Approach 25
4.2. Data Source and Type 25
4.3. Target Population 25
4.4. Model Specification 25
4.5. Description and Measurement of Variables 28
4.6. Questionnaire 29
5. Findings 36
5.1. Defaulters’ Perspectives 36
5.2. Non-Defaulters’ Perspectives 40
5.3. Borrowers’ Experiences before Village Bank (VB) Exist 43
5.4. Perspectives of SCU’s Personnel 47
5.4.1. Staff’s Perspectives 47
5.4.2. Manager and Development Advisor’ Perspective of the SCU 51
5.4.3. Stories of Borrowers (Defaulters). 53
5.5. Summary of Variables 54
5.6. Regression Results 64
6. Conclusions and Recommendations 72
6.1. Conclusions 72
6.1.1. Borrowers’ Perspectives 72
6.1.2. Staff and Management’ Perspectives. 73
6.1.3. Binary Logistic Regression Results 73
6.2. Recommendations 74
6.3. Further Research 75
7. References 76
8. Appendix 81		zh_TW
dc.format.extent 2300489 bytes-
dc.format.mimetype application/pdf-
dc.source.uri (資料來源) http://thesis.lib.nccu.edu.tw/record/#G0107933050en_US
dc.subject (關鍵詞) 小額貸款zh_TW
dc.subject (關鍵詞) 鄉村銀行zh_TW
dc.subject (關鍵詞) 貸款違約zh_TW
dc.subject (關鍵詞) 寮國zh_TW
dc.subject (關鍵詞) Microfinanceen_US
dc.subject (關鍵詞) Village Banken_US
dc.subject (關鍵詞) Loan Defaulten_US
dc.subject (關鍵詞) Laosen_US
dc.title (題名) 寮國的銀行貸款違約的決定因素zh_TW
dc.title (題名) Determinants of Loan Defaults in Laosen_US
dc.type (資料類型) thesisen_US
dc.relation.reference (參考文獻) Adurayemi, A.C., Sunday, O.I., & Abiola, B.A. (2019). Microfinance banks’ s loan size and default in some selected microfinance banks in Lagos State, Nigeria, Working Paper.
Agriculture Promotion Bank. (2020). Interest Rate. Retrieved May 10 from https://www.apb.com.la/interestrate.php
Agriculture Promotion Bank. (n.d). History and vision. Retrieved from: https://www.apb.com.la/history.php
Asian Development Bank. (2006). Rural finance in the Lao People’s Democratic Republic: Demand, supply, and sustainability. Retrieved from : https://www.adb.org/sites/default/files/publication/159368/adbi-rural-finance-lao.pdf
Asian Development Bank. (2013). The Lao economy: capitalizing on natural resource exports. Retrieved from: https://www.adb.org/publications/lao-economy-capitalizing-natural-resource-exports
Bank of Lao PDR. (2018). Annual economic report2018. Retrieved from: http://www.bol.gov.la/en/fileupload/20-05-2019_1558320515.pdf
Berhanu, A., & Fufa, B. (2008). Repayment rate of loans from semi-formal financial institutions among small-scale farmers in Ethiopia: Two-limit Tobit analysis. The Journal of Socio-Economics, 37, 2221–2230.
Boateng, S. D., Amoah, I. A., & Anaglo, J. N. (2015). The influence of demographic factors, products and service characteristics of microfinance institutions on repayment performance among farmers in the eastern region, Ghana. Journal of Ghana Science Association, 16(2),19-26.
Chaleunsinh, C., Akihiko, O., Koichi, F., & Fumiharu, M. (2015). An analysis on borrowing behavior of rural households in Vientiane Municipality: Case study of four villages. Center for Southeast Asian Studies, Kyoto University, 3,113-133.
Chanleunsinh, C., Fujita, K., Mieno, F., & Ono, A. (2011). Should microcredit be a right for the poor? Credit demand of poor households in Laos, working paper.
Consultative Group to Assist the Poor. (2010). Annual report 2010. Retrieved from https://www.cgap.org/sites/default/files/organizational-documents/CGAP-Annual-Report-Dec-2010.pdf
Ellis Kofi, A.S., and Portia, B. (2015). Determinants of business loan default in Ghana. Junior Scientific Researcher Journal, 1(1), 10-26.
Jote, G.G. (2018). Determinants of loan repayment: The case of microfinance institutions in Gedeo Zone, SNNPRS, Ethiopia. Universal journal of Accounting and Finance 3(6), 108-122.
Korankye, A.A. (2014). Causes and control of loan default/delinquency in microfinance institutions in Ghana. American International Journal of Contemporary Research, 4(12), 36-45.
Lao Microfinance Association. (n.d). Microfinance in Laos. Retrieved from https://www.laomfa.org/about-us/microfinance-in-laos/
Ministry of Planning and Investment, National Economic Research Institute, & Bank of the Lao PDR. (2012). Microfinance in the Lao PDR. Retrieved from file:///C:/Users/Morxay/Downloads/2012-6MicrofinanceintheLaoPDR2012.pdf
Ministry of Planning and Investment. (2016). National Socio – Economics Development Plan 2016-2020. Retrieved from https://www.undp.org/content/dam/rbap/docs/meetTheSDGs/Laos%20PDR%20DFA%20-%20Development%20Finance%20for%20the%208th%20Nat%20Socio-Economic%20Dev%20Plan%20and%20the%20SDGs.pdf
Mokhtar, S.H., Nartea, G., & Gan, C. (2012). Determinants of microcredit loans repayment problem among microfinance borrowers in Malaysia. International Journal of Business and Social Research, 2(7), 33-45.
Mota, J., Moreira, A.C., & Brandao, C. (2018). Determinants of microcredit repayment in Portugal: Analysis of borrowers, loans and business projects. Portuguese Economic Journal, 17,141–171.
Murthy, U., & Mariadas, P.A. (2017). An exploratory study on the factors contributing loan repayment default among the loan borrowers in micro finance institutions in Shah Alam, Selangor. International Journal of Business and Management, 12(12), 242-250.
Muthoni, M. P. (2016). Assessing borrower’s and business’ factors causing microcredit default in Kenya: A comparative analysis of microfinance institutions and financial intermediaries. Journal of Education and Practice, 7(12), 97-118.
Muthoni, M.P., Mutuku, L.P., & Kamau, R.G. (2017). Influence of loan characteristics on microcredit default in Kenya: A comparative analysis of microfinance institutions and financial intermediaries. Journal of Business and Management, 5(19), 39-59.
Mwaka, M.K. (2014). Factor influence repayment among microfinance loan consumers in Makueni County: A case of Nzaui/Kilili/Kalamba Ward, Makueni County, Kenya, Working paper.
Nanayakkara, G., & Stewart, J. (2015). Gender and other repayment determinants of microfinancing in Indonesia and Sri Lanka. International Journal of Social Economics, 42(4), 322-339
Phonesavanh Bank. (2020). Personal Loan. Retrieved May 10, 2020 from https://www.phongsavanhbank.com/psv/modules.php?lg=lao&modules=loan_personal
Phonesavanh, S., (2015). The impact of microfinance on poverty reduction in Oudomxay, northern province, Lao PDR. working paper.
Resilience Science on Twitter. (2006, December 11). We Can Create a Poverty-Free World. Retrieved from http://rs.resalliance.org/2006/12/11/we-can-create-a-poverty-free-world/
Saving and Credit Union Champa Phatthana. (2018). Annual report 2017. Unpublished internal document, Saving and Credit Union Champa Phatthana.
Saving and Credit Union Champa Phatthana. (2020). Annual report 2019. Unpublished internal document, Saving and Credit Union Champa Phatthana.
Sayvaya, I. (2012). Does microfinance reduce poverty in Lao PDR? Case study of village development dunds (VDFs) at Sukuma District, Champassak Province, Lao PDR. Working paper.
Seibel, H. D., & Kunkel, C. R. (1999). Microfinance in Laos: A case for women`s banking. University of Cologne, Development Research Center, Working Paper, No. 1999,3.
Selvaraj, T., Karim, Z.A., Rahman, A.A., & Chamhuri, N. (2019). The Determinants of microcredit quality in Malaysia: A panel evidence. International Journal of Business and Society, 20(2), 641-656.
Siaw, A., Ntiamoah, E.B., Oteng, E., & Opoku, B. (2014). An empirical analysis of the loan default rate of microfinance institutions. European Journal of Business and Management, 6(20), 12-17.
Swiss Agency for Development and Cooperation SDC & Embassy of Switzerland. (2016). Assessing potential changes in the migration patterns of Laotian migrants and heir impacts on Thailand and Lao people’s democratic republic. Retrieved from https://thailand.iom.int/sites/default/files/document/publications/EN%20-%20Assessing%20Potential%20Changes%20in%20the%20Migration%20Patterns%20of%20Laotian%20Migrants%20and%20Their%20Impacts%20on%20Thailand%20and%20Lao%20People%27s%20Democratic%20Republic.pdf
Swiss Agency for Development and Cooperation SDC, United Nations Population Fund, World Bank, & United Nations Children`s Fund. (2015). Lao population and housing census. Retrieved from https://lao.unfpa.org/en/publications/results-population-and-housing-census-2015-english-version
The ASEAN Secretariat. (2017). ASEAN statistical report on millennium development goals. Retrieved from: https://asean.org/storage/2012/05/ASEAN_MDG_2017.pdf
The government of Lao PDR. (2004). National growth and poverty eradication strategy (NGPES). Retrieved from https://www.sunlabob.com/data/documents/energy_issues/LG-National_Growth_and_Poverty_Eradication_Strategy.pdf
United Nations Children`s Fund. (2005). Microfinance and the millennium development goals. Retrieved from https://www.yearofmicrocredit.org/docs/mdgdoc_MN.pdf
United Nations, Organización de las Naciones Unidas. (2004, November 18). International year of microfinance 2005. Retrieved from https://www.un.org/en/events/pastevents/microcredit_2005/
World Bank. (2018). Lao PDR economic monitor. Retrieved from http://documents.worldbank.org/curated/en/418261529002464394/pdf/127222-REVISED-Lao-PDR-Economic-Monitor-Report-June-2018-for-Website.pdf
World Bank. (2020, April 16). Poverty. Retrieved from https://www.worldbank.org/en/topic/poverty/overview
Yibrie O., & Ramakrishna, R (2017). Determinants of loan repayment performance in ACSI. International Journal of Advanced Research in Management and Social Science, 6(4), 151-170.		zh_TW
dc.identifier.doi (DOI) 10.6814/NCCU202000789en_US