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Extent of Asset Accumulation of the Households


  • Manlagnit, Ma. Chelo V.


This paper examines the extent of asset accumulation and saving of the households from the credit they obtained from community-oriented financial intermediaries (COFIs and other financial sources. In the process, this paper also investigates how the government can assist in asset development, particularly for the poor households. Results show that that there is a clear difference between the client households and nonclient households in terms of asset ownership, access to credit and the use of the loans obtained. Specifically, the results reveal that client households have greater accumulation of assets and, thus, have the benefit of obtaining greater advantages of having more asset accumulation than nonclient households. Also, only client households allot a share from their obtained credit to buy a real estate asset. Meanwhile, from the credit obtained, nonclient households have higher allocation for the current regular needs of the households and for servicing another credit but lower allocation on savings than client households. This suggests that nonclient households’ obtained credit is used primarily for immediate needs than investing in asset accumulation.

Suggested Citation

  • Manlagnit, Ma. Chelo V., 2004. "Extent of Asset Accumulation of the Households," Discussion Papers DP 2004-04, Philippine Institute for Development Studies.
  • Handle: RePEc:phd:dpaper:dp_2004-04

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    References listed on IDEAS

    1. Margaret Clancy & Jami Curley & Michal Grinstein-Weiss & Lissa Johnson & Mark Schreiner & Michael Sherraden & Min Zhan, 2001. "Asset accumulation in low-resource households: evidence from individual development accounts," Proceedings 799, Federal Reserve Bank of Chicago.
    2. Reyes, Celia M., 2002. "The Poverty Fight: Have We Made an Impact?," Discussion Papers DP 2002-20, Philippine Institute for Development Studies.
    3. Lamberte, Mario B. & Manlagnit, Ma. Chelo V., 2003. "Poverty and Access to Microfinance with Gender Dimension," Discussion Papers DP 2003-07, Philippine Institute for Development Studies.
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    microfinance; asset accumulation; households;


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