The Journey of Building Human Capital among Financially Disadvantaged Local Thai People: A Sequential Transformative Mixed Method Case Study

Abstract

         This mixed methods case study, with an emphasis on qualitative inquiry, explored four questions through a 15-week savings group training process: (1) what is a process for building human capital among financially disadvantaged local Thai people using Christian faith-based savings group training? (2) What are the effects of implementing this process? (3) How do participants perceive their Christian faith-based savings group financial training program? (4) Does the participants’ spirituality have any relationship with their group training experience? At four training locations, quantitative background data was gathered, identifying: participants’ education levels, access to financial training, sources of financial advice, income, savings, and debt load. A pre-and post-training Spiritual Resiliency Assessment was also administered. Additionally, at two locations, in-depth qualitative data was collected through participatory observation of training sessions and group meetings, providing a chronological narrative of the 15-week process. There, post-training, open-ended interviews were carried out, with responses coded for themes using NVivo11Pro. Findings: Setting aside a portion of money for saving before spending was described as a new pattern by participants. Most reported experiencing greater peace due to participation and greater savings success. Spiritual practices within the group strengthened members; group participation provided encouragement, hope, and enhanced learning. Financial findings are provided: savings, withdrawal, and roll-over totals of members transitioning into the second cycle of savings are included. Recommendations: Participation strengthened ‘saving muscle’, but this is only a first step. Additional training and adaptation of materials to fit the Thai context are essential to building financial well-being.