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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.phpAgriculture Promotion Bank. (n.d). History and vision. Retrieved from: https://www.apb.com.la/history.phpAsian 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.pdfAsian Development Bank. (2013). The Lao economy: capitalizing on natural resource exports. Retrieved from: https://www.adb.org/publications/lao-economy-capitalizing-natural-resource-exportsBank of Lao PDR. (2018). Annual economic report2018. Retrieved from: http://www.bol.gov.la/en/fileupload/20-05-2019_1558320515.pdfBerhanu, 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.pdfEllis 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.pdfMinistry 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.pdfMokhtar, 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), 322-339Phonesavanh Bank. (2020). Personal Loan. Retrieved May 10, 2020 from https://www.phongsavanhbank.com/psv/modules.php?lg=lao&modules=loan_personalPhonesavanh, 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.pdfSwiss 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-versionThe ASEAN Secretariat. (2017). ASEAN statistical report on millennium development goals. Retrieved from: https://asean.org/storage/2012/05/ASEAN_MDG_2017.pdfThe 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.pdfUnited Nations Children`s Fund. (2005). Microfinance and the millennium development goals. Retrieved from https://www.yearofmicrocredit.org/docs/mdgdoc_MN.pdfUnited 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.pdfWorld Bank. (2020, April 16). Poverty. Retrieved from https://www.worldbank.org/en/topic/poverty/overviewYibrie 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, Jason en_US dc.contributor.author (Authors) 方楠冠 zh_TW dc.contributor.author (Authors) Morxay Vongnakhone en_US dc.creator (作者) 方楠冠 zh_TW dc.creator (作者) Vongnakhone, Morxay en_US dc.date (日期) 2020 en_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) G0107933050 en_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) 107933050 zh_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 11.1. Country Brief of Laos 11.2. Overview of Microfinance in Laos 41.3. Microfinance Providers in Laos 51.3.1. Formal Microfinance Sector 51.3.2. Semi-Formal Microfinance Sector 61.3.3. Informal Microfinance Sector 72. Literature Review and Conceptual Framework 82.1. Literature Review 82.2. Conceptual Framework 153. Village Bank and SCU Champa Phatthana 173.1. Village Bank Organizational Structure 173.1.1. General Assembly of Members 173.1.2. Village Bank Committee (VBC) 183.1.3. Village Bank Advisor 183.1.4. Financial Services of Village Bank 193.2. Brief of the Saving and Credit Union Champa Phatthana 214. Methodology 254.1. Research Approach 254.2. Data Source and Type 254.3. Target Population 254.4. Model Specification 254.5. Description and Measurement of Variables 284.6. Questionnaire 295. Findings 365.1. Defaulters’ Perspectives 365.2. Non-Defaulters’ Perspectives 405.3. Borrowers’ Experiences before Village Bank (VB) Exist 435.4. Perspectives of SCU’s Personnel 475.4.1. Staff’s Perspectives 475.4.2. Manager and Development Advisor’ Perspective of the SCU 515.4.3. Stories of Borrowers (Defaulters). 535.5. Summary of Variables 545.6. Regression Results 646. Conclusions and Recommendations 726.1. Conclusions 726.1.1. Borrowers’ Perspectives 726.1.2. Staff and Management’ Perspectives. 736.1.3. Binary Logistic Regression Results 736.2. Recommendations 746.3. Further Research 757. References 768. 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/#G0107933050 en_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) Microfinance en_US dc.subject (關鍵詞) Village Bank en_US dc.subject (關鍵詞) Loan Default en_US dc.subject (關鍵詞) Laos en_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 Laos en_US dc.type (資料類型) thesis en_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.phpAgriculture Promotion Bank. (n.d). History and vision. Retrieved from: https://www.apb.com.la/history.phpAsian 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.pdfAsian Development Bank. (2013). The Lao economy: capitalizing on natural resource exports. Retrieved from: https://www.adb.org/publications/lao-economy-capitalizing-natural-resource-exportsBank of Lao PDR. (2018). Annual economic report2018. Retrieved from: http://www.bol.gov.la/en/fileupload/20-05-2019_1558320515.pdfBerhanu, 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.pdfEllis 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.pdfMinistry 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.pdfMokhtar, 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), 322-339Phonesavanh Bank. (2020). Personal Loan. Retrieved May 10, 2020 from https://www.phongsavanhbank.com/psv/modules.php?lg=lao&modules=loan_personalPhonesavanh, 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.pdfSwiss 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-versionThe ASEAN Secretariat. (2017). ASEAN statistical report on millennium development goals. Retrieved from: https://asean.org/storage/2012/05/ASEAN_MDG_2017.pdfThe 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.pdfUnited Nations Children`s Fund. (2005). Microfinance and the millennium development goals. Retrieved from https://www.yearofmicrocredit.org/docs/mdgdoc_MN.pdfUnited 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.pdfWorld Bank. (2020, April 16). Poverty. Retrieved from https://www.worldbank.org/en/topic/poverty/overviewYibrie 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/NCCU202000789 en_US
