The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam

Do Van Toan; Nguyen Dinh Nghiep; Ngo Van Huan

doi:doi:10.11648/j.ijsdr.20210704.12

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The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam

Do Van Toan, Nguyen Dinh Nghiep, Ngo Van Huan

Published in International Journal of Sustainable Development Research (Volume 7, Issue 4)

Received: 29 September 2021 Accepted: 21 October 2021 Published: 30 October 2021

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Abstract

The purpose of this paper is to present how microfinance activities (MF) implemented via village savings & loan associations (VSLAs) can affect the human capital for sustainable livelihood (SL). To this end, we will discuss the practical social impacts to the beneficiaries of social security policies and propose solutions to promote the activities of VSLAs, improve the members' capacity, develop human capital and sustainably develop community. The study used mixed methods with a survey and in-depth interviews. A survey was conducted with 356 VSLA members participating in different VSLAs under the management of social and political organizations in 04 ethnic minority communes of Duc Trong district. Besides the survey, the study also conducts qualitative research by in-depth interviewing stakeholders. The results showed the effectiveness in the social aspect of VBSP's loan program with the VSLA model. The development of human capital manifested through improving members' common knowledge, business experience, and skills such as problem-solving and the increase in their willingness to support others. Among them, the most drastic changes are the growth in members' business experience and mutual support. By building capacity, self-confidence, and voluntary spirit during group activities, members can acquire skills and knowledge to develop sustainable community development.

Published in	International Journal of Sustainable Development Research (Volume 7, Issue 4)
DOI	10.11648/j.ijsdr.20210704.12
Page(s)	76-84
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), 2021. Published by Science Publishing Group

Keywords

Human Capital, Community Development, Microfinance, Village Savings & Loan Associations, Social and Political Organizations

References

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[2]	Atuya, G. N. (2014). Effect of microfinance credit on poverty alleviation at household level in Nakuru county (Doctoral dissertation, University of Nairobi).
[3]	Bhuiyan (2013), Microcredit and Sustainable Livelihood: An Empirical Study of Islamic and Conventional Credit on the Development of Human Capital of the Borrowers in Bangladesh, 34, 3 (2013), 101 – 128, Journal of Economic Cooperation and Development.
[4]	Demirgüç-Kunt, A., & Singer, D. (2017). Financial inclusion and inclusive growth: A review of recent empirical evidence. World Bank Policy Research Working Paper, (8040).
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[6]	Hassan, A. (2015). Financial inclusion of the poor: from microcredit to Islamic microfinancial services. Humanomics.
[7]	Mark S. Homan (2015). Promoting Community Change: Making it happen in the real world. Sixth edition. United States of America.
[8]	Morduch, J., & Haley, B. (2002). Analysis of the effects of microfinance on poverty reduction (Vol. 1014, p. 7). New York: NYU Wagner working paper.
[9]	Nguyen Dang Hiep Pho. (2016). Accessing the theory of the sustainable livelihoods framework DFID for studying the livelihoods at Cat Tien national park. Science Journal – Dong Nai University, No. 02-2016. ISSN 2354-1484.
[10]	Nguyen Kim Anh (2010). Microfinance development in agriculture and rural areas of Vietnam. Thong Ke Publishing House, Ha Noi.
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[15]	Thanh, P. T., Saito, K., & Duong, P. B. (2019). Impact of microcredit on rural household welfare and economic growth in Vietnam. Journal of Policy Modeling, 41 (1), 120-139.

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APA Style

Do Van Toan, Nguyen Dinh Nghiep, Ngo Van Huan. (2021). The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam. International Journal of Sustainable Development Research, 7(4), 76-84. https://doi.org/10.11648/j.ijsdr.20210704.12

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ACS Style

Do Van Toan; Nguyen Dinh Nghiep; Ngo Van Huan. The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam. Int. J. Sustain. Dev. Res. 2021, 7(4), 76-84. doi: 10.11648/j.ijsdr.20210704.12

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AMA Style

Do Van Toan, Nguyen Dinh Nghiep, Ngo Van Huan. The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam. Int J Sustain Dev Res. 2021;7(4):76-84. doi: 10.11648/j.ijsdr.20210704.12

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@article{10.11648/j.ijsdr.20210704.12,
  author = {Do Van Toan and Nguyen Dinh Nghiep and Ngo Van Huan},
  title = {The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam},
  journal = {International Journal of Sustainable Development Research},
  volume = {7},
  number = {4},
  pages = {76-84},
  doi = {10.11648/j.ijsdr.20210704.12},
  url = {https://doi.org/10.11648/j.ijsdr.20210704.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijsdr.20210704.12},
  abstract = {The purpose of this paper is to present how microfinance activities (MF) implemented via village savings & loan associations (VSLAs) can affect the human capital for sustainable livelihood (SL). To this end, we will discuss the practical social impacts to the beneficiaries of social security policies and propose solutions to promote the activities of VSLAs, improve the members' capacity, develop human capital and sustainably develop community. The study used mixed methods with a survey and in-depth interviews. A survey was conducted with 356 VSLA members participating in different VSLAs under the management of social and political organizations in 04 ethnic minority communes of Duc Trong district. Besides the survey, the study also conducts qualitative research by in-depth interviewing stakeholders. The results showed the effectiveness in the social aspect of VBSP's loan program with the VSLA model. The development of human capital manifested through improving members' common knowledge, business experience, and skills such as problem-solving and the increase in their willingness to support others. Among them, the most drastic changes are the growth in members' business experience and mutual support. By building capacity, self-confidence, and voluntary spirit during group activities, members can acquire skills and knowledge to develop sustainable community development.},
 year = {2021}
}

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TY  - JOUR
T1  - The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam
AU  - Do Van Toan
AU  - Nguyen Dinh Nghiep
AU  - Ngo Van Huan
Y1  - 2021/10/30
PY  - 2021
N1  - https://doi.org/10.11648/j.ijsdr.20210704.12
DO  - 10.11648/j.ijsdr.20210704.12
T2  - International Journal of Sustainable Development Research
JF  - International Journal of Sustainable Development Research
JO  - International Journal of Sustainable Development Research
SP  - 76
EP  - 84
PB  - Science Publishing Group
SN  - 2575-1832
UR  - https://doi.org/10.11648/j.ijsdr.20210704.12
AB  - The purpose of this paper is to present how microfinance activities (MF) implemented via village savings & loan associations (VSLAs) can affect the human capital for sustainable livelihood (SL). To this end, we will discuss the practical social impacts to the beneficiaries of social security policies and propose solutions to promote the activities of VSLAs, improve the members' capacity, develop human capital and sustainably develop community. The study used mixed methods with a survey and in-depth interviews. A survey was conducted with 356 VSLA members participating in different VSLAs under the management of social and political organizations in 04 ethnic minority communes of Duc Trong district. Besides the survey, the study also conducts qualitative research by in-depth interviewing stakeholders. The results showed the effectiveness in the social aspect of VBSP's loan program with the VSLA model. The development of human capital manifested through improving members' common knowledge, business experience, and skills such as problem-solving and the increase in their willingness to support others. Among them, the most drastic changes are the growth in members' business experience and mutual support. By building capacity, self-confidence, and voluntary spirit during group activities, members can acquire skills and knowledge to develop sustainable community development.
VL  - 7
IS  - 4
ER  -

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Author Information

Do Van Toan

Faculty of Sociology and Social Work, Da Lat University, Da Lat, Vietnam
Nguyen Dinh Nghiep

Faculty of Sociology and Social Work, Da Lat University, Da Lat, Vietnam
Ngo Van Huan

Faculty of General Studies, Ho Chi Minh Cadre Academy, Ho Chi Minh City, Vietnam

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APA Style

Do Van Toan, Nguyen Dinh Nghiep, Ngo Van Huan. (2021). The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam. International Journal of Sustainable Development Research, 7(4), 76-84. https://doi.org/10.11648/j.ijsdr.20210704.12

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ACS Style

Do Van Toan; Nguyen Dinh Nghiep; Ngo Van Huan. The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam. Int. J. Sustain. Dev. Res. 2021, 7(4), 76-84. doi: 10.11648/j.ijsdr.20210704.12

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AMA Style

Do Van Toan, Nguyen Dinh Nghiep, Ngo Van Huan. The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam. Int J Sustain Dev Res. 2021;7(4):76-84. doi: 10.11648/j.ijsdr.20210704.12

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@article{10.11648/j.ijsdr.20210704.12,
  author = {Do Van Toan and Nguyen Dinh Nghiep and Ngo Van Huan},
  title = {The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam},
  journal = {International Journal of Sustainable Development Research},
  volume = {7},
  number = {4},
  pages = {76-84},
  doi = {10.11648/j.ijsdr.20210704.12},
  url = {https://doi.org/10.11648/j.ijsdr.20210704.12},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijsdr.20210704.12},
  abstract = {The purpose of this paper is to present how microfinance activities (MF) implemented via village savings & loan associations (VSLAs) can affect the human capital for sustainable livelihood (SL). To this end, we will discuss the practical social impacts to the beneficiaries of social security policies and propose solutions to promote the activities of VSLAs, improve the members' capacity, develop human capital and sustainably develop community. The study used mixed methods with a survey and in-depth interviews. A survey was conducted with 356 VSLA members participating in different VSLAs under the management of social and political organizations in 04 ethnic minority communes of Duc Trong district. Besides the survey, the study also conducts qualitative research by in-depth interviewing stakeholders. The results showed the effectiveness in the social aspect of VBSP's loan program with the VSLA model. The development of human capital manifested through improving members' common knowledge, business experience, and skills such as problem-solving and the increase in their willingness to support others. Among them, the most drastic changes are the growth in members' business experience and mutual support. By building capacity, self-confidence, and voluntary spirit during group activities, members can acquire skills and knowledge to develop sustainable community development.},
 year = {2021}
}

Copy | Download

TY  - JOUR
T1  - The Impacts of Microfinance Activities in Developing Human Capital for Sustainable Livelihood in Duc Trong District, Lam Dong Province, Vietnam
AU  - Do Van Toan
AU  - Nguyen Dinh Nghiep
AU  - Ngo Van Huan
Y1  - 2021/10/30
PY  - 2021
N1  - https://doi.org/10.11648/j.ijsdr.20210704.12
DO  - 10.11648/j.ijsdr.20210704.12
T2  - International Journal of Sustainable Development Research
JF  - International Journal of Sustainable Development Research
JO  - International Journal of Sustainable Development Research
SP  - 76
EP  - 84
PB  - Science Publishing Group
SN  - 2575-1832
UR  - https://doi.org/10.11648/j.ijsdr.20210704.12
AB  - The purpose of this paper is to present how microfinance activities (MF) implemented via village savings & loan associations (VSLAs) can affect the human capital for sustainable livelihood (SL). To this end, we will discuss the practical social impacts to the beneficiaries of social security policies and propose solutions to promote the activities of VSLAs, improve the members' capacity, develop human capital and sustainably develop community. The study used mixed methods with a survey and in-depth interviews. A survey was conducted with 356 VSLA members participating in different VSLAs under the management of social and political organizations in 04 ethnic minority communes of Duc Trong district. Besides the survey, the study also conducts qualitative research by in-depth interviewing stakeholders. The results showed the effectiveness in the social aspect of VBSP's loan program with the VSLA model. The development of human capital manifested through improving members' common knowledge, business experience, and skills such as problem-solving and the increase in their willingness to support others. Among them, the most drastic changes are the growth in members' business experience and mutual support. By building capacity, self-confidence, and voluntary spirit during group activities, members can acquire skills and knowledge to develop sustainable community development.
VL  - 7
IS  - 4
ER  -

Copy | Download