Does the Village Fund Matter in Thailand?
This paper evaluates the impact of the
Thailand Village and Urban Revolving Fund on household
expenditure, income, and assets. The revolving fund was
launched in 2001 when the Government of Thailand promised to
provide a million baht (about $22,500) to every village and
urban community in Thailand as working capital for
locally-run rotating credit associations. The money about
$2 billion in total was quickly disbursed to locally-run