Debt Analysis of Agricultural Cooperatives’ Members in Bangkok Metropolis and 3 metropolitan provinces

Abstract

This research aims to 1. Study the debt status of members of agricultural cooperatives in Bangkok and 3 metropolitan provinces 2. Study factors that relate to the debt formation of members of agricultural cooperatives in Bangkok and 3 metropolitan provinces. The samples used in this research were 393 members of agricultural cooperatives in Bangkok and 3 metropolitan provinces by proportional stratified sampling. The research instrument was a questionnaire about the debt status of members of agricultural cooperatives in Bangkok and 3 metropolitan provinces, it is divided into 3 parts: Part 1 Personal factors, Part 2 Factors of borrowing money consist of values ​​/ attitudes and the need for consumption / consumption and Part 3 General recommendations of the respondents.

            The analysis of the information showed.

1. Agricultural cooperative members in Bangkok and 3 metropolitan provinces most of them had an average monthly income of 10,001 - 15,000 baht (45.80%) and their average monthly expenses were 15,001 - 20,000 baht (42.24%). They were members of the cooperative for more than 15 years - 20 years (37.66%). The objective of being a member of a cooperative for credit services (96.95%) has debt with the cooperative of 10,001 - 50,000 baht (45.55%) owes more than 15 years - 20 years (35.88%). The main reason for borrowing from cooperatives is for use in agriculture (92.11 percent).
2. Analysis of factors relating to members of agricultural cooperative debt in Bangkok and 3 metropolitan provinces with the Chi-Square test at a significant level of 0.1, it was found that the factors associated with leverage were:

   2.1 Personal factors which are age, level of education, the number of family members, the number of family members who required nurturing from cooperative members, monthly average household income, monthly average expenses of family members and age of cooperative membership.

   2.2 Value and attitude factors are the social conditions that have to create an image affect your debt formation, your education level affects your debt formation, knowing how to manage your money / financial planning (get-pay) makes your debt increment less, if your future income will increase you will also spend more today, Product installments offer even more incentive to purchase products, buying a private car / motorbike is more cost effective than using public buses. It has a stimulating effect on your debt formation, you borrow money because it makes it easier for you to spend as you want or in times of emergency, higher cost of living / more expensive goods affects your debt and political / government policy make borrowing more like a crop insurance policy state welfare card policy moratorium policy, etc.

   2.3 The necessity factors of consumption which are children education, life convenience, and natural disaster. (floods, drought)