Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households

Thi Phuong Dung Ha; Nam Duong Tran; Duc Hung Ha

doi:doi:10.11648/j.ijae.20240906.15

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Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households

Thi Phuong Dung Ha^*

, Nam Duong Tran, Duc Hung Ha

Published in International Journal of Agricultural Economics (Volume 9, Issue 6)

Received: 13 November 2024 Accepted: 26 November 2024 Published: 13 December 2024

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Abstract

Tea is the main crop of Thai Nguyen province, Vietnam. Tea is a crop that helps eliminate hunger and reduce poverty, and is a crop that enriches over 91 thousand farming households with many products certified by OCOP (One Commune One Product) and VietGAP (Vietnamese Good Agricultural Practices). In particular, tea-growing households have proactively sought loans to finance organic tea growing activities, aiming at sustainable development. This study aims to analyze the factors affecting the ability to repay debts on time of tea-growing households in Thai Nguyen, Vietnam. The research data is based on a survey of 350 tea-growing households in this area. Heckman's two-step model is used to estimate the influencing factors. The study has shown that the factors affecting the capacity to repay loans on time of tea growing households in Thai Nguyen, Vietnam include 6 factors: Number of dependents, Total loan amount, Number of harvests, Total assets, Purpose of loan use; and Tea growing experience. In addition, there are 5 factors affecting the amount of loan repayment on time of tea growing households including: Education level, total assets, number of maturity periods and tea growing area of the household. Based on the survey data, the study proposes solutions to improve the efficiency of loan use, contributing to better timely loan repayment of tea growing households.

Published in	International Journal of Agricultural Economics (Volume 9, Issue 6)
DOI	10.11648/j.ijae.20240906.15
Page(s)	328-339
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2024. Published by Science Publishing Group

Keywords

Loans, On Time, Repayment Ability, Thainguyen, Vietnam

References

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APA Style

Ha, T. P. D., Tran, N. D., Ha, D. H. (2024). Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households. International Journal of Agricultural Economics, 9(6), 328-339. https://doi.org/10.11648/j.ijae.20240906.15

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ACS Style

Ha, T. P. D.; Tran, N. D.; Ha, D. H. Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households. Int. J. Agric. Econ. 2024, 9(6), 328-339. doi: 10.11648/j.ijae.20240906.15

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AMA Style

Ha TPD, Tran ND, Ha DH. Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households. Int J Agric Econ. 2024;9(6):328-339. doi: 10.11648/j.ijae.20240906.15

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@article{10.11648/j.ijae.20240906.15,
  author = {Thi Phuong Dung Ha and Nam Duong Tran and Duc Hung Ha},
  title = {Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households
},
  journal = {International Journal of Agricultural Economics},
  volume = {9},
  number = {6},
  pages = {328-339},
  doi = {10.11648/j.ijae.20240906.15},
  url = {https://doi.org/10.11648/j.ijae.20240906.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijae.20240906.15},
  abstract = {Tea is the main crop of Thai Nguyen province, Vietnam. Tea is a crop that helps eliminate hunger and reduce poverty, and is a crop that enriches over 91 thousand farming households with many products certified by OCOP (One Commune One Product) and VietGAP (Vietnamese Good Agricultural Practices). In particular, tea-growing households have proactively sought loans to finance organic tea growing activities, aiming at sustainable development. This study aims to analyze the factors affecting the ability to repay debts on time of tea-growing households in Thai Nguyen, Vietnam. The research data is based on a survey of 350 tea-growing households in this area. Heckman's two-step model is used to estimate the influencing factors. The study has shown that the factors affecting the capacity to repay loans on time of tea growing households in Thai Nguyen, Vietnam include 6 factors: Number of dependents, Total loan amount, Number of harvests, Total assets, Purpose of loan use; and Tea growing experience. In addition, there are 5 factors affecting the amount of loan repayment on time of tea growing households including: Education level, total assets, number of maturity periods and tea growing area of the household. Based on the survey data, the study proposes solutions to improve the efficiency of loan use, contributing to better timely loan repayment of tea growing households.
},
 year = {2024}
}

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TY  - JOUR
T1  - Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households

AU  - Thi Phuong Dung Ha
AU  - Nam Duong Tran
AU  - Duc Hung Ha
Y1  - 2024/12/13
PY  - 2024
N1  - https://doi.org/10.11648/j.ijae.20240906.15
DO  - 10.11648/j.ijae.20240906.15
T2  - International Journal of Agricultural Economics
JF  - International Journal of Agricultural Economics
JO  - International Journal of Agricultural Economics
SP  - 328
EP  - 339
PB  - Science Publishing Group
SN  - 2575-3843
UR  - https://doi.org/10.11648/j.ijae.20240906.15
AB  - Tea is the main crop of Thai Nguyen province, Vietnam. Tea is a crop that helps eliminate hunger and reduce poverty, and is a crop that enriches over 91 thousand farming households with many products certified by OCOP (One Commune One Product) and VietGAP (Vietnamese Good Agricultural Practices). In particular, tea-growing households have proactively sought loans to finance organic tea growing activities, aiming at sustainable development. This study aims to analyze the factors affecting the ability to repay debts on time of tea-growing households in Thai Nguyen, Vietnam. The research data is based on a survey of 350 tea-growing households in this area. Heckman's two-step model is used to estimate the influencing factors. The study has shown that the factors affecting the capacity to repay loans on time of tea growing households in Thai Nguyen, Vietnam include 6 factors: Number of dependents, Total loan amount, Number of harvests, Total assets, Purpose of loan use; and Tea growing experience. In addition, there are 5 factors affecting the amount of loan repayment on time of tea growing households including: Education level, total assets, number of maturity periods and tea growing area of the household. Based on the survey data, the study proposes solutions to improve the efficiency of loan use, contributing to better timely loan repayment of tea growing households.

VL  - 9
IS  - 6
ER  -

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Author Information

Thi Phuong Dung Ha

School of Accounting and Auditing, National Economics University, Hanoi, Vietnam

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http://orcid.org/0000-0003-2871-6492
Nam Duong Tran

International Business, Vaasa University of Applied Sciences VAMK, Vaasa, Finland

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Duc Hung Ha

Faculty of Banking, Banking Academy of Vietnam, Hanoi, Vietnam

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Plain Text BibTeX RIS

APA Style

Ha, T. P. D., Tran, N. D., Ha, D. H. (2024). Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households. International Journal of Agricultural Economics, 9(6), 328-339. https://doi.org/10.11648/j.ijae.20240906.15

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ACS Style

Ha, T. P. D.; Tran, N. D.; Ha, D. H. Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households. Int. J. Agric. Econ. 2024, 9(6), 328-339. doi: 10.11648/j.ijae.20240906.15

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AMA Style

Ha TPD, Tran ND, Ha DH. Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households. Int J Agric Econ. 2024;9(6):328-339. doi: 10.11648/j.ijae.20240906.15

Copy | Download

@article{10.11648/j.ijae.20240906.15,
  author = {Thi Phuong Dung Ha and Nam Duong Tran and Duc Hung Ha},
  title = {Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households
},
  journal = {International Journal of Agricultural Economics},
  volume = {9},
  number = {6},
  pages = {328-339},
  doi = {10.11648/j.ijae.20240906.15},
  url = {https://doi.org/10.11648/j.ijae.20240906.15},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijae.20240906.15},
  abstract = {Tea is the main crop of Thai Nguyen province, Vietnam. Tea is a crop that helps eliminate hunger and reduce poverty, and is a crop that enriches over 91 thousand farming households with many products certified by OCOP (One Commune One Product) and VietGAP (Vietnamese Good Agricultural Practices). In particular, tea-growing households have proactively sought loans to finance organic tea growing activities, aiming at sustainable development. This study aims to analyze the factors affecting the ability to repay debts on time of tea-growing households in Thai Nguyen, Vietnam. The research data is based on a survey of 350 tea-growing households in this area. Heckman's two-step model is used to estimate the influencing factors. The study has shown that the factors affecting the capacity to repay loans on time of tea growing households in Thai Nguyen, Vietnam include 6 factors: Number of dependents, Total loan amount, Number of harvests, Total assets, Purpose of loan use; and Tea growing experience. In addition, there are 5 factors affecting the amount of loan repayment on time of tea growing households including: Education level, total assets, number of maturity periods and tea growing area of the household. Based on the survey data, the study proposes solutions to improve the efficiency of loan use, contributing to better timely loan repayment of tea growing households.
},
 year = {2024}
}

Copy | Download

TY  - JOUR
T1  - Factors Influencing the Capacity to Repay Loans on Time of Tea Growing Households

AU  - Thi Phuong Dung Ha
AU  - Nam Duong Tran
AU  - Duc Hung Ha
Y1  - 2024/12/13
PY  - 2024
N1  - https://doi.org/10.11648/j.ijae.20240906.15
DO  - 10.11648/j.ijae.20240906.15
T2  - International Journal of Agricultural Economics
JF  - International Journal of Agricultural Economics
JO  - International Journal of Agricultural Economics
SP  - 328
EP  - 339
PB  - Science Publishing Group
SN  - 2575-3843
UR  - https://doi.org/10.11648/j.ijae.20240906.15
AB  - Tea is the main crop of Thai Nguyen province, Vietnam. Tea is a crop that helps eliminate hunger and reduce poverty, and is a crop that enriches over 91 thousand farming households with many products certified by OCOP (One Commune One Product) and VietGAP (Vietnamese Good Agricultural Practices). In particular, tea-growing households have proactively sought loans to finance organic tea growing activities, aiming at sustainable development. This study aims to analyze the factors affecting the ability to repay debts on time of tea-growing households in Thai Nguyen, Vietnam. The research data is based on a survey of 350 tea-growing households in this area. Heckman's two-step model is used to estimate the influencing factors. The study has shown that the factors affecting the capacity to repay loans on time of tea growing households in Thai Nguyen, Vietnam include 6 factors: Number of dependents, Total loan amount, Number of harvests, Total assets, Purpose of loan use; and Tea growing experience. In addition, there are 5 factors affecting the amount of loan repayment on time of tea growing households including: Education level, total assets, number of maturity periods and tea growing area of the household. Based on the survey data, the study proposes solutions to improve the efficiency of loan use, contributing to better timely loan repayment of tea growing households.

VL  - 9
IS  - 6
ER  -

Copy | Download