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The Village Fund Loan Programme: Who Gets It, Keeps It and Loses It?

In: Vulnerability to Poverty

Author

Listed:
  • Carmen Kislat
  • Lukas Menkhoff

Abstract

The Village Fund (VF) programme in Thailand is one of the largest microfinance programmes in the world. It aims at improving access to finance and income in rural areas. These are worthwhile objectives for policy as finance is often limited in rural areas and incomes are low. In this sense, the introduction of a programme that sets up an additional fund of one million baht, roughly US$28,000, per village leading to a significant increase of loanable funds is welcome. Indeed, the rural population seems to be highly sympathetic to the 2001 government’s decision to start the village fund programme, as election results continuously show.

Suggested Citation

  • Carmen Kislat & Lukas Menkhoff, 2013. "The Village Fund Loan Programme: Who Gets It, Keeps It and Loses It?," Palgrave Macmillan Books, in: Stephan Klasen & Hermann Waibel (ed.), Vulnerability to Poverty, chapter 11, pages 283-304, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-30662-2_11
    DOI: 10.1057/9780230306622_11
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    Cited by:

    1. Chichaibelu, Bezawit Beyene & Waibel, Hermann, 2017. "Borrowing from “Pui” to Pay “Pom”: Multiple Borrowing and Over-Indebtedness in Rural Thailand," World Development, Elsevier, vol. 98(C), pages 338-350.

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