Applying Sufficiency Economy Philosophy to Solve Informal Debt Problems

Abstract

The study of solving informal debt problems with the Sufficiency Economy Philosophy is to study the understanding of the types of debt that arise. There are 2 types of debts mentioned in this article, which are debts in the system, which are debts that are protected by the law fairly. and informal debt which is a debt that the creditor is the one who sets rules, rules, conditions as they are satisfied and the interest charged from the debtor is more expensive than the interest rate of the debt in the system. The main factors that cause debt are important factors as follows: Consumerism factor is a factor related to consumption behavior for living in today's society. New Value Factors It is the value of consumption in objects and values ​​in science and technology emphasize the possession of objects that society interprets as values. Family characteristics factor, which is debt for the living conditions of the family. The social shift factor, that is, social promotion. Changes in social status, also known as social stratification. and the last factor is a group of friends, which is a relationship with a group of people in the same group It is a group that enhances personality, cultivates values. An important social norm for a person to be a good member of a society that always needs to meet and socialize. In applying the Sufficiency Economy Philosophy to solve the informal debt problem. The concept of sufficiency economy is applied to life. have to live with moderation is the principle of fit Not too little and not too much to use in life. Rationality is a careful decision and takes into account the most useful necessities good immunity is to be prepared to deal with the changes that will occur. It's a carefree lifestyle. Carefully plan your life. To have knowledge is to learn both theory. practical To achieve learning in a variety of formats Bringing theoretical knowledge into practice. and moral which must be aware of virtue Honesty and patience, perseverance, use wisdom in life.