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Table 3. 
Loan Characteristics
Overall (1)Moneylender (2)Credit Cooperative (3)Employer (4)Friend or Relative (5)
Fraction of loans 1.00 0.88 0.03 0.03 0.04 
Principal (HKD) 20,453.5 22,176.2 13,153.9 15,339.0 1,480.8 
 (272.8) (279.5) (182.44) (943.0) (159.98) 
Repayment amount (HKD) 31,619.9 34,577.6 19,426.5 17,322.0 1,480.8 
 (439.6) (449.2) (423.9) (1,239.9) (160.0) 
Interest rate (%) 23 26 − − 
 (0.00) (0.00) (0.00)   
With monthly repayment 0.98 1.00 1.00 1.00 0.53 
 (0.00) (0.00) (0.00) (0.00) (0.06) 
Loan duration (months) 9.8 11.0 5.1 − − 
 (0.12) (0.10) (0.20)   
Overall (1)Moneylender (2)Credit Cooperative (3)Employer (4)Friend or Relative (5)
Fraction of loans 1.00 0.88 0.03 0.03 0.04 
Principal (HKD) 20,453.5 22,176.2 13,153.9 15,339.0 1,480.8 
 (272.8) (279.5) (182.44) (943.0) (159.98) 
Repayment amount (HKD) 31,619.9 34,577.6 19,426.5 17,322.0 1,480.8 
 (439.6) (449.2) (423.9) (1,239.9) (160.0) 
Interest rate (%) 23 26 − − 
 (0.00) (0.00) (0.00)   
With monthly repayment 0.98 1.00 1.00 1.00 0.53 
 (0.00) (0.00) (0.00) (0.00) (0.06) 
Loan duration (months) 9.8 11.0 5.1 − − 
 (0.12) (0.10) (0.20)   

− = data are not specified as these are flexible duration loans, HKD = Hong Kong dollar.

Notes: The survey sample is reweighted to match the distribution of Filipino domestic workers in the population of Hong Kong, China, as estimated in the 5% microsample of the Hong Kong 2016 Population By-census. The annual inflation rate in Hong Kong, China in 2017 was 1.48%. Standard errors in parentheses.

Source: Authors’ calculation.

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