Nguy?n Th? Di?m|Le Thi My Phuong|Dang Thu Trang|Pham Tuan Anh
The Impact of Personal Financial Literacy on the Choice of Lending Channel by Vietnamese Householders Who Just Escaped Poverty
purpose newlyescapedpovertylist householders neplh vietnam served survey subjects study sought determine impact personal financial literacy probability using lending services vietnam bank social policies pvbsp probability using informal private lending services pilc designmethodologyapproach survey data collected 186 respondents structured online questionnaire convenient nonprobability sampling technique aspects personal financial literacy fli personal financial knowledge fl1 personal financial skills fl2 personal financial attitude fl3 personal financial behavior fl4 measured respondents divided groups based subgroup criteria cvj gender age marital status role family career education level religion number years since removed list poor households anova techniques used examine differences various aspects personal financial literacy impact fli subgroup variables cvj pvbsp pilc assessed using binary logistic regression analysis technique findings research results show statistical difference average score fl1 fl2 fl3 fl4 research findings also show fl2 fl4 career status car positive impact pvbsp aged group age education level edu number years since removed list poor households year negative impact pvbsp meanwhile pilc positive influenced age factor moves opposite direction fl2 fl4 edu year research practical amp social implications research findings provide basis governance implications well policy recommendations promote financial literacy among neplh vietnam encouraging access policy lending services vietnam bank social policies time help stay away informal private lending services thereby helping reduce poverty achieve sustainable economic development family originalityvalue theoretical framework personal finance literacy including financial knowledge ii financial attitude iii financial skills iv financial behavior developed authors reviewing earlier studies time significant measure financial literacy objective assessment relying subjective selfassessment respondent context actual study vietnam model analyzing influence personal financial literacy decision newlyescapedpovertylist householders choosing vietnam bank social policies informal private credit channels authors also took account additional factors including gender age group marital status role family career education level religion number years since removed list poor households