• The Journal of Asian Finance, Economics and Business
• /
• v.7 no.5
• /
• pp.119-130
• /
• 2020

The study seeks to evaluate the impacts of three types of credit - formal, semi-formal, and informal credits - on the well-being of households in Vietnam's rural areas. Based on data from the Vietnam Household Living Standard Surveys in 2014 and 2016, the research uses the instrumental variable fixed-effect models to estimate the effects of three kinds of credit on household's per capita income and expenditure. There are some significant findings. First, in rural areas, formal credit is the most popular source with stable and cheap borrowing costs. Informal credit is a complement to formal credit to meet urgent needs. Funding agriculture activities is the most commonly cited purpose of borrowing, followed by purchasing assets. The highest misuse rate belongs to the group of loans for agriculture production. Second, the results show that credit helps smoothen consumption rather than generate income for rural households. Three types of credit have insignificant or negative effects on household's per capita income. Formal loans significantly improve total expenditure and spending on healthcare and education. Informal and semi-formal credits show a little influence on consumption. Informal loans have a significantly positive effect on healthcare expenditure. In contrast, having semi-formal loans tends to decrease spending on foods.

• The Journal of Asian Finance, Economics and Business
• /
• v.9 no.2
• /
• pp.209-215
• /
• 2022

This study aims to analyze the livelihood resources and income diversification of informal recyclers in the Mekong River Delta (MRD). The multiple linear regression model was applied to determine income diversification and total household income with the sustainable livelihood analysis framework developed by the United Kingdom Department for International Development (2000), including human resources, physical resources, natural resources, financial resources, and social resources. The results indicated that up to 25% of itinerant waste buyers worked on average more than 7.3 hours/day, which was higher than the urban near-poor level regulated by the Vietnam government. The results of the regression model revealed that total households' income was affected by the factors of health status, gender, urban location type 1, the amount of potential savings, and informal credit participation, while the factors of health status, urban location, the amount of potential savings, and informal credit participation have the effect of diversifying farm household income. Thus, if the informal waste recycling sector is supported and regulated by proper government management, it will not only help poor households diversify their income, but it will also help poor households diversify their income, particularly women's income, which is vulnerable and lower than male income in the MRD.

• Korean Management Science Review
• /
• v.15 no.1
• /
• pp.97-115
• /
• 1998

This study aims to develop the methodology based on the AHP(Analytic Hierarchy Process) of evaluation for commercial paper. commercial paper is the ma product of merchant banks. commercial paper evaluation is annually performed by the credit-evaluation agency. Credit evaluation is performed by the informal judgemental system, which has potential to induce serious inconsistencies in decision-making. We present an objective scoring model which does not suffer from the weakness of the subjective judgement system. The model used is illustrated by analyzing the commercial paper evaluation for the 3 motor-companies(H, K and S motors).

• Journal of the Korean Statistical Society
• /
• v.4 no.2
• /
• pp.113-125
• /
• 1975

The money market has been existing in various forms for a long time. Until 1972, however, the market had supplied mainly short-term loans of commercial banks and loans of informal money lenders to business corporations. There was no market for notes and commercial papers of business corporations. Consequently, business corporations had to rely primarily upon commercial banks for short-term credit loans to supplement their working capital. The interest rate on loans of commercial banks had been set below a free market equilibrium rate and thereby, generated excess demands for the loans. Unsatisfied potential borrowers thus had to turn to informal money lenders for short-term cerdit loans of prohibitively high interest rate. Since 1972 investment and finance companies have been operating in the money market and their role in mobilizing short-term loans is increasing. This paper aims at estimating the equilibrium size of the money market.

• The Journal of Economics, Marketing and Management
• /
• v.3 no.3
• /
• pp.7-23
• /
• 2015

Women are more disadvantaged than men in many fronts and this confines them to informal sector livelihood activities. Any attempt to improve women's economic status will require information on the organization, cost and returns to investment in the livelihood activities in which they predominate. This is the issue for this study which compared yield performance in artisanal fishing and fresh fish marketing. Primary data collected through multi-stage sampling method were analyzed using inferential statistics, budgeting and regression models. Empirical findings revealed that about 75.0% of fisher folks either had no formal education or acquired only primary school education while 50.0% of marketers had secondary school education. The budgeting model revealed fisher-folks' and marketers' annual net profit to be N2,882,626.00 and N640,227.00, respectively. Profit from fishing was significantly higher than that of fish marketing. At 53.2% for fishing and 40.3% for marketing, returns to investment was better in fishing. Regression model results showed the significant factors influencing returns to each livelihood strategy to include fishing ground, distance covered and years of experience. The major constraint faced by operators of both livelihoods groups was insufficient credit. Despite this, the livelihood strategies were shown to be profitable ventures which contributed to households' consumption expenditure. Organizing women informal sector operators into groups to enhance access to government support and formal credit are recommended for improving livelihood strategy performance.

• The Journal of Asian Finance, Economics and Business
• /
• v.8 no.11
• /
• pp.97-106
• /
• 2021

The condition of financial services in Indonesia is unique, based on various characteristics, behaviors, and preferences. Therefore, the study of finance and banking is interesting to study as a recommendation for government policies. This paper aims to analyze the barriers to accessing formal financial services in Indonesia and why informal financial services are preferred. This paper presents a case study of financial inclusion in selected provinces in Indonesia using the SOFIA dataset from the Ministry of National Development Planning. Overall, this data consists of 20,000 individuals from 4 provinces and 93 regions representing the population in eastern Indonesia. The analysis was carried out by processing individual-level cross-sectional data surveyed in 2017 using the probit binary logistic method. The results identify the individual barriers in accessing formal financial services, including account ownership, saving, and credit activities in the formal financial institutions, and amplify the image by analyzing what determinants affect people to choose informal institutions. We found that some individual characteristics such as age, gender, education, income, employment status, residence, and access to technology significantly affect the barrier to formal financial services in East Indonesia.

• Korean Journal of Comparative Education
• /
• v.28 no.3
• /
• pp.291-307
• /
• 2018

As the value of lifelong learning becomes important, states are making efforts to build a system of lifelong learning. According to this tendency, this paper intends to compare the participation rate of lifelong learning, learning outcomes, learning support infrastructure, support of learning expenses, and recognition of lifelong learning. For the comparative pedagogical approach, Bray and Thomas' cubes such as geographical / regional level, non - geographical demographic statistics, social and educational aspects were utilized. The participation rate of lifelong learning in Korea is 34.4% in 2017, which is lower than the OECD average of 46%. The competency scores of Korean adults were lower than the OECD national averages of the PIAAC survey which measured adult competence, language ability, numeracy, and computer-based problem solving ability. In order to recognize prior learning, EU countries have developed EQFs to evaluate all non-formal and informal learning outcomes, while Korea recognizes qualification as a credit banking credit under the academic credit banking system. International comparisons of lifelong learning can be used as an important tool for diagnosing the actual conditions of lifelong learning in a country and establishing future lifelong learning policies. Therefore, it is necessary to maintain that the comparative pedagogical approach of lifelong learning differs according to the historical context, socioeconomic characteristics, and population dynamics, including the formation process and characteristics of modern countries.

• Archives of design research
• /
• v.9
• /
• pp.501-510
• /
• 1994

Discovered as designer of own ski loths by American potographer Toni Frissell, !n 1947; designed ski wear for Lord '||'&'||' Taylor store in New York follewing year. He opened a shop on Capri in 1949 and in 1950 he founded "Emilio", his couture house. His fortune was simple silk jersey chemises and very strong prints using bold colour in abstract patterns. A pucci print was immediately recognizable and, although often based on medieval heraldic banners of the sort waved at the "Siena Palio", so utterly of the moment that it could be taken as a classic symbol of the late 1950s and early 1960s. He was a brilliant colourist and his colours became the colours of the decade: hot pink, lime blue, purple. He seemed able to capture the sun and fun of Italy in his print and, along with Galitzine, he can take the credit for creating the concept of relaxed, informal elegance in Italian faslion.ian faslion.