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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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