Table 2 provides descriptive statistics about the borrowers. It shows that the median age of borrowers is 43 years old. The majority of borrowers live in Bangkok and its vicinity (29%). In fact, half of borrowers live in urban areas.19 A median borrower holds two loan accounts, has one loan product, and borrows from one lender. The distributions of credit line and loan outstanding per borrower are very skewed, with the means as high as B0.77 and B0.51 million and the medians only at B0.28 and B0.15 million.20 Similarly, the mean delinquent amount per borrower is B0.20 million, while the median is only B0.06 million. Approximately 7% of the borrowers are new clients. The utilization rate, defined as the ratio of current balance to credit line, averages at 0.65 per borrower.

Table 2.
Descriptive Statistics of Borrowers, July 2016
MeanMedianSDMinMaxN
Borrower characteristics
Age (years) 44.16 43.00 12.36 20 80 18,813,985
Region
Bangkok and vicinity (=1) 0.29 na na 16,039,856
Central (=1) 0.18 na na 16,039,856
North (=1) 0.15 na na 16,039,856
Northeast (=1) 0.25 na na 16,039,856
South (=1) 0.11 na na 16,039,856
Urban (=1)a 0.51 na na 16,039,856
Portfolio characteristics
Number of accounts 3.14 2.00 3.11 167 19,245,461
Number of distinct loan products 1.60 1.00 0.81 19,245,461
Number of financial institutions used 2.08 1.00 1.66 19,245,461
Total credit line (million baht) 0.77 0.28 3.84 4,220 19,245,461
Total loan outstanding (million baht) 0.51 0.15 3.07 8,990 19,245,461
Total delinquent loan (million baht) 0.20 0.06 1.10 973 3,189,527
Credit history and utilization
Number of years in NCB data 5.02 5.00 2.73 19,245,461
New borrower (=1) 0.07 na na 19,245,461
Have delinquent loan this year (=1) 0.17 na na 19,245,461
Have delinquent loan in the past year (=1) 0.16 na na 15,252,626
Utilization rateb (%) 0.65 0.71 0.36 19,245,461
MeanMedianSDMinMaxN
Borrower characteristics
Age (years) 44.16 43.00 12.36 20 80 18,813,985
Region
Bangkok and vicinity (=1) 0.29 na na 16,039,856
Central (=1) 0.18 na na 16,039,856
North (=1) 0.15 na na 16,039,856
Northeast (=1) 0.25 na na 16,039,856
South (=1) 0.11 na na 16,039,856
Urban (=1)a 0.51 na na 16,039,856
Portfolio characteristics
Number of accounts 3.14 2.00 3.11 167 19,245,461
Number of distinct loan products 1.60 1.00 0.81 19,245,461
Number of financial institutions used 2.08 1.00 1.66 19,245,461
Total credit line (million baht) 0.77 0.28 3.84 4,220 19,245,461
Total loan outstanding (million baht) 0.51 0.15 3.07 8,990 19,245,461
Total delinquent loan (million baht) 0.20 0.06 1.10 973 3,189,527
Credit history and utilization
Number of years in NCB data 5.02 5.00 2.73 19,245,461
New borrower (=1) 0.07 na na 19,245,461
Have delinquent loan this year (=1) 0.17 na na 19,245,461
Have delinquent loan in the past year (=1) 0.16 na na 15,252,626
Utilization rateb (%) 0.65 0.71 0.36 19,245,461

N = number of observations, na = not available, NCB = National Credit Bureau, SD = standard deviation.

Note: Some data for age and location are missing, hence the smaller sample size with these identifiers.

aPostcode is defined as an urban area if more than 50% of the area belongs to municipalities.

bUtilization rate is defined as a ratio of current balance to credit line.

Source: Authors’ calculations from National Credit Bureau data.

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