Microfinance in Vietnam Module 8
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Match the following organizations with their primary role in microfinance in Vietnam:

Vietnam Bank for Agriculture and Rural Development = State-owned bank offering microfinance services TYM = Leading formal provider of financial services to the poor People’s Credit Fund = Provider of microfinance services Asian Development Bank = Investor in microfinance initiatives

Match the following terms with their descriptions:

Account Receivable = Money owed to a company by its customers Account Payable = Money a company owes to its suppliers Microfinance = Financial services to low-income clients Consultations = Meetings to review training material

Match the following statistics with their significance:

21% adult population = Percentage with access to formal financial services in Vietnam 16 trained loan officers = Number of officers trained to teach modules Free of charge training = Characteristic of TYM training sessions Weekly meetings = Frequency of consultations for borrowers

Match the following training methods with their examples:

<p>Role Playing = Simulating real-life scenarios Cards = Using flashcards or visual aids Pictures = Using images to illustrate concepts Monthly sessions = Regular training gatherings for officers</p> Signup and view all the answers

Match the following microfinance institutions with their characteristics:

<p>M7-MFI = Licensed microfinance institution TYM = Organization facilitating numerous training sessions Vietnam Bank for Social Policies = State-owned bank for social finance Asian Development Bank = Regional financial support provider</p> Signup and view all the answers

Match the following events with their purposes:

<p>Training sessions = To equip loan officers with teaching skills Consultations = To reinforce learning for clients Weekly meetings = For borrower loan payments Role playing = To engage trainees in active learning</p> Signup and view all the answers

Match the modules with their main focus:

<p>Module 8 = Recording accounts receivable and accounts payable Module 9 = Calculating costs of production and cost of goods sold</p> Signup and view all the answers

Match the following key concepts with their definitions:

<p>Managing Account Receivable = Tracking money owed to the organization Managing Account Payable = Handling bills and payments to suppliers Access to Financial Services = Availability of banking for individuals Microfinance services = Small loans for underserved populations</p> Signup and view all the answers

Match the following banks with their focus areas:

<p>Vietnam Bank for Agriculture and Rural Development = Rural development financing Vietnam Bank for Social Policies = Social financial services People’s Credit Fund = Community-based financial services TYM = Microfinance for low-income groups</p> Signup and view all the answers

Match the statements regarding beliefs and control:

<p>Statement 3 = Influence of luck on personal success Statement 4 = Skepticism about luck's role in life</p> Signup and view all the answers

Match the types of data collection time points:

<p>Baseline data = October–November 2011 Midline data = March–May 2013 Endline data = October–November 2013</p> Signup and view all the answers

Match the types of beliefs assessed in the study:

<p>Internal locus of control = Belief in personal influence over outcomes External locus of control = Belief in external factors affecting outcomes</p> Signup and view all the answers

Match the data analysis aspects with their roles:

<p>Average score for control beliefs = Ranged from 1.78 to 1.90 Participants' interview length = 45 to 90 minutes</p> Signup and view all the answers

Match the scoring method to the belief assessment:

<p>One point per statement = Reflecting internal locus of control Total score range = 0 (no control) to 3 (strong belief)</p> Signup and view all the answers

Match the training consequences with lending branches:

<p>Stratified randomization = Ensured uniform experience across branches Proportion of training = Two training and one control condition per branch</p> Signup and view all the answers

Match the conditions explored in the study:

<p>Control condition = No training received Training condition = Participants received specific training</p> Signup and view all the answers

Match the following microfinance institutions with their characteristics:

<p>Tao Yeu May Fund = Operates in Northern and Central Vietnam International Finance Corporation = Reported on market share MIX Market = Provided borrower statistics from 2015 Vietnam Women’s Union = Owner of the Tao Yeu May Fund</p> Signup and view all the answers

Match the following types of support offered by the TYM fund:

<p>Microcredit = Loans ranging from 1 million to 25 million Social support = Assistance activities for borrowers Savings = Encouragement of saving habits Training = Aim to improve borrowers' skills</p> Signup and view all the answers

Match the following groups involved in the training program:

<p>Female borrowers = Received loans and training Husbands = Invited to participate in training Control group = No training provided Financial service providers = Financed millions of borrowers</p> Signup and view all the answers

Match the following years with their significance:

<p>1992 = Established Tao Yeu May Fund 2014 = Market share report by IFC 2015 = Financed 7.5 million borrowers 2017 = Loan statistics by MIX Market</p> Signup and view all the answers

Match the following loan data with their figures:

<p>Total outstanding loans = $39 million Average loan amount = $6.7 billion Borrowers served = 119,653 Districts of operation = 56</p> Signup and view all the answers

Match the following research methods used in the study:

<p>Random assignment = Distributing lending centres to conditions Condition 1 = Loans with training for female borrowers and their husbands Condition 2 = Loans with training for female borrowers only Control group = No access to training</p> Signup and view all the answers

Match the following financial services with their descriptions:

<p>Microloans = Small loans for individuals Assistance funds = Financial support for emergencies Training sessions = Educational opportunities for borrowers Database queries = Statistical analysis of borrower data</p> Signup and view all the answers

Match the following stakeholders in microfinance:

<p>Borrowers = Individuals seeking financial assistance Microfinance institutions = Providers of loans and training Government organizations = Regulatory stakeholders Research institutions = Analyze impact and data</p> Signup and view all the answers

Match the following groups of female borrowers with their corresponding training conditions:

<p>Training with husbands (T1) = 1509 female borrowers at baseline Training individually (T2) = 673 female borrowers at baseline Loan but no training (C) = 1859 female borrowers at baseline Total female borrowers = 4041 female borrowers at baseline</p> Signup and view all the answers

Match the following attrition statistics with their corresponding figures:

<p>Attrition from baseline – midline (T1) = 181 borrowers Attrition from baseline – midline (T2) = 108 borrowers Attrition from baseline – midline (C) = 241 borrowers Total attrition from baseline – midline = 530 borrowers</p> Signup and view all the answers

Match the following measurements with their attrition rates:

<p>Attrition rate baseline – midline (T1) = 12.0% Attrition rate baseline – midline (T2) = 16.1% Attrition rate baseline – midline (C) = 13.0% Total attrition rate baseline – midline = 15.09%</p> Signup and view all the answers

Match the following groups of female borrowers with their number at midline:

<p>Training with husbands (T1) = 1328 female borrowers Training individually (T2) = 565 female borrowers Loan but no training (C) = 1618 female borrowers Total female borrowers at midline = 3511 female borrowers</p> Signup and view all the answers

Match the following attrition statistics with their end line returns:

<p>Female borrowers at end line (T1) = 1507 borrowers Female borrowers at end line (T2) = 988 borrowers Female borrowers at end line (C) = 1855 borrowers Total female borrowers at end line = 4350 borrowers</p> Signup and view all the answers

Match the following end line attrition figures with their corresponding values:

<p>Attrition from baseline – end line (T1) = 2 borrowers Attrition from baseline – end line (T2) = 0 borrowers Attrition from baseline – end line (C) = 4 borrowers Total attrition from baseline – end line = 6 borrowers</p> Signup and view all the answers

Match the following p-values with their significance levels:

<p>p &lt; 0.10 = * p &lt; 0.05 = ** p &lt; 0.01 = *** p &gt; 0.67 = Highly insignificant</p> Signup and view all the answers

Match the following measurements of additional borrowers with their training categories:

<p>Additional borrowers at midline (T1) = 0 Additional borrowers at midline (T2) = 315 Additional borrowers at midline (C) = 0 Total additional borrowers at midline = 3826</p> Signup and view all the answers

Match the following descriptive statistics with their corresponding variables for female borrowers:

<p>Age = 43.47 (10.32) Educational level = 1.93 (0.68) Household size = 4.74 (1.56) Married = 0.81 (0.39)</p> Signup and view all the answers

Match the following variables with their descriptive statistics for female borrowers receiving training with husbands:

<p>Control beliefs = 1.78 (0.79) Relational oppression = 0.08 (0.24) Overall decision making = 6.47 (2.19) Decision making in daily domain = 2.41 (0.78)</p> Signup and view all the answers

Match the following variables with their means for female borrowers receiving training individually:

<p>Age = 43.88 (10.50) Relational friction = 0.14 (0.22) Decision making on larger expenditures = 3.88 (1.54) Household size = 4.71 (1.64)</p> Signup and view all the answers

Match the following variables with their means for female borrowers receiving only a loan:

<p>Educational level = 1.95 (0.65) Married = 0.82 (0.38) Decision making in daily domain = 2.39 (0.76) Relational oppression = 0.10 (0.25)</p> Signup and view all the answers

Match the following descriptive statistics with the range for female borrowers receiving training with husbands:

<p>Age = 19–71 Control beliefs = 0–3 Household size = 1–12 Decision making in daily domain = 0–3</p> Signup and view all the answers

Match the following test statistics with the corresponding conditions:

<p>T1 = C = 0.39 T2 = C = 0.82 T1 = T2 = 0.17</p> Signup and view all the answers

Match the following variables with their standard deviations for female borrowers receiving training with husbands:

<p>Age = 10.32 Educational level = 0.68 Relational friction = 0.22 Overall decision making = 2.19</p> Signup and view all the answers

Match the following variables with their ranges for female borrowers receiving training individually:

<p>Married = 0–1 Relational oppression = 0–2.5 Household size = 1–15 Decision making on larger expenditures = 0–7</p> Signup and view all the answers

Study Notes

Microfinance in Vietnam

  • Access to formal financial services in Vietnam is low, with only 21% of the adult population able to access them (2014 IFC).
  • Microfinance services are prevalent, primarily provided by two state-owned banks: Vietnam Bank for Agriculture and Rural Development and Vietnam Bank for Social Policies (2014 ADB).
  • Other notable microfinance providers include the People's Credit Fund, TYM, and M7-MFI, with significant services aimed at the underprivileged.
  • As of 2015, 28 financial service providers supported 7.5 million borrowers, with total loan amounts of $6.7 billion (2017 MIX Market).
  • TYM, established in 1992 by the Vietnam Women’s Union, operates in 56 districts and serves 119,653 borrowers, with over 906 billion Vietnamese Dong in outstanding loans (~$39 million).

Training and Workshops

  • TYM trained 16 loan officers at headquarters who later delivered training across multiple centers using diverse teaching methods such as role-playing and visual aids.
  • Training sessions were both free and voluntary, providing clients access to ongoing support and consultations at weekly loan repayment meetings.
  • A study compared the empowerment effects of training for female borrowers who received individual training versus those whose husbands participated as well, incentivized by financial compensation.

Research Design and Data Collection

  • The study was conducted on 187 lending centers across branches in Vinh Phúc and Hà N I, using a random assignment into three conditions regarding access to loans and training.
  • Data was collected at three measurement points: baseline (2011), midline (2013), and endline (2013).
  • Each measured participant's internal locus of control using a scoring system based on beliefs about personal agency.

Key Demographics and Statistical Insights

  • Average age of participants ranged between 43 and 44 years across different treatment groups.
  • Nearly all participants were married, with household sizes averaging around 4.7 individuals.
  • Control beliefs measured had an average score of around 1.8, indicating a slight internal locus of control.
  • The calculation of attrition rates revealed a range from 12% to 16% across different training conditions, indicating variation in participant retention.

Overview of Study Variables

  • Control variables included age, educational level, marital status, and household size, all showing similar characteristics across training conditions.
  • P-values from regression analysis support that groups were statistically similar at baseline, validating the experimental design.

Conclusion

  • The module covered various critical skills related to financial management, including accounts receivable/payable and cost calculations, impacting participants' economic empowerment and understanding of financial systems.

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Description

This quiz covers the eighth module focused on the management of account receivables and payables within the context of microfinance in Vietnam. It also addresses how to calculate purchasing, production costs, and the costs of sold goods. Dive into the financial aspects critical for understanding microfinance dynamics.

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