A comparative Study on Government and Non-government Based Microcredit Programmes in Thailand
Objective: Microcredit refers to a variety of financial services that target low-income clients, particularly the rural customers.Microcredit programme provides small loans to the very poor in order to undertake selfemployment and other financial and business activities to generate income.It has pro...
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| Main Authors: | , , , |
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| Format: | Conference or Workshop Item |
| Language: | English |
| Published: |
2017
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| Subjects: | |
| Online Access: | http://repo.uum.edu.my/24844/1/2nd%20IRC%202017%2081.pdf http://repo.uum.edu.my/24844/ |
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| Summary: | Objective: Microcredit refers to a variety of financial services that target low-income clients, particularly the rural customers.Microcredit programme provides small loans to the very poor in order to undertake selfemployment and other financial and business activities to generate income.It has proven to be an effective and popular measure in the ongoing struggle against poverty.Currently, there are many microcredit
programmes offered by government and non-government organizations in Thailand. This paper aims to conduct a comparative study on government and non-government based microcredit programmes in
Thailand. The paper also assesses and compares the impacts of various microcredit programmes in enhancing income generating activities among the poor people in Thailand.Methodology: Literatures for review were identified from various sources such as journals, reports, proceedings, and other related documents by searching comprehensively both electronics and nonelectronics databases. Websites of the organizations known to have undertaken research in this area were also searched to find related documents and reports.
Findings: Based on the review of literature, it was found that only a few government institutions are currently engaged with microcredit programmes in Thailand.The Government Savings Bank (GSB) is a well-known institution that has several programs for the poor including group savings and loans. However, most of the activities of this institution are for urban poor.The Bank for Agriculture and Agricultural Co-operatives (BAAC)
is a very large government institution that works mainly for the rural farmers. On the other hand, there are a number of non-government organizations that provide credit and other financial services to the poor people in Thailand.The pioneer non-government institutions are Compassion Thailand, Common Interest International, Mirror Art Group, Population and Community Development Association (PDA), Upland Holistic Development Project (UHDP) and World Vision.Implication: Findings of the study show that microcredit programmes offered by both government and nongovernment organizations contribute to the development of socio-economic status of the poor people in Thailand through adequate and timely availability of credit for income generating and productive activities. |
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