Understanding Indonesian People Borrowing Money from Banks and Non-Banking Institutions

Roro Hindun(1*), Izzul Fatchu Reza(2)
(1) Sekolah Tinggi Ekonomi dan Bisnis Islam Al Muhsin Yogyakarta
(2) Universitas Lampung
(*) Corresponding Author
DOI : 10.22515/shirkah.v1i3.51


People’s borrowing behaviours are influenced by the need to fulfil their basic needs which always change in maintaining their lifestyles. This thesis analyzes the tendency of Indonesians to borrowing money, either from banks or non-banking institutions. This research was carried out using quantitative data analysis with secondary data from the Indonesian Family Life Survey panel data versions 3 and 4. The data was analyzed using STATA 12.0 software. The results of the study show that the significant factors that affect people’s behaviour in borrowing from either banks or non-banking institutions are amount of debt, assets, income, and location; while the insignificant factors are age, religion, and number of householders.


Keywords: money borrowing, borrowing behaviour, debt, IFLS, STATA


Andreou, S. N. (2011). The Borrowing Behaviour of Households: Evidence from the Cyprus Family Expenditure Surveys. Cyprus Economic Policy Review, 5 (2), 57-83.

Antonio, M Syafi’i. (1999). Bank Syariah Bagi Banker dan Praktisi Keuangan. Jakarta: Gema Insani Press.

Attanasio, O. P., & M. B. (1995). Consumption Over The Life Cycle And Over The Business Cycle. American Economic Review, 85, 1118-1137.

Brunneimeier, M. K., & Sannikov, Y. (2011). The Theory of Money. Working Paper. Princeton University.

Campbell, J. N., & Mankiw, G. (1990). Permanent Income, Current Income, and Consumption. Journal of Business & Economic Statistics, 8 (3), 265-279.

DeJuan, J. & Seater, J. 1999. The Permanent Income Hypothesis: Evidence from the Consumer Expenditure Survey. Journal of Monetary Economics, 43, 351-376.

Gandhimathi, S., & Vanitha, S. 2010. Determinants of Borrowing Behaviour of Farmers–A Comparative Study of Commercial and Cooperative Banks. Agricultural Economics Research Review, 23, January-June 2010, 157-164.

Hendayana, R., A. Djauhari, A. Gozali A.N., E. Syaefulloh, & R.S. Hutomo. (2009). Disain Model Percepatan Adopsi Inovasi Teknologi Program Unggulan Badan Litbang Pertanian. Laporan Hasil Penelitian. Kerjasama Menristek - Badan Litbang Pertanian.

Husna, M. (2014). Perilaku Konsumen Mahasiswa. Skripsi. Bandung: Universitas Pendidikan Indonesia.

Moore, John. (2007). Stable Sets and Steady Wages. Scottish Journal of Political Economy. Scottish Economic Society, 54 (5), pp. 721-730, November.

Muslich, Ahmad Wardi. (2010). Fiqh Muamalat. Jakarta: Amzah.

Rabbior. (2015). Money and Youth: A Guide to Financial Literacy. Canada: Canadian Foundation for Economic Education.

RAND IFLS. (2013). IFLS EAST 2012 Available from SurveyMETER. http:// www.rand.org/labor/FLS/IFLS.html. Accessed 20 February 2015.

Suhardjono. (2003). Manajemen Perkreditan Usaha Kecil dan Menengah. Yogyakarta. UPP AMP YKPN.

Article Statistic

Abstract view : 393 times
PDF views : 201 times

How To Cite This :


  • There are currently no refbacks.

Creative Commons License
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.