Factors Affecting Debt Repayment Member of Chiangmai Police Saving and Credit Cooperative, Limited

Abstract

This research aims to: 1) study the factors influencing debt repayment among police officers who are members of the Chiang Mai Police Savings and Credit Cooperative Limited, and 2) examine the impact of these factors on their debt repayment ability. This is a quantitative research study using questionnaires to collect data from a sample of 400 police officers. The data were analyzed using descriptive statistics, including frequency, percentage, mean, and standard deviation, as well as inferential statistics.

The findings reveal that the most influential debt repayment factors are, in order, cooperative-related factors, external factors, and borrower-related factors. Regarding debt repayment ability, the highest levels of agreement were found in timely repayment and full repayment of the owed amount. External factors and cooperative-related factors were jointly significant predictors of the debt repayment ability of members of the Chiang Mai Police Savings and Credit Cooperative Limited, accounting for 57.10% of the variance, with a statistically significant level of 0.01 and a predictive coefficient of 0.72.