Financial decision-making behaviors of Ethnic Tibetan Households based on mental accounting

Financial Innovation

Table 8 Percentage of respondents ranking the repayment order of different loans

Loans to repay	Rank
Loans to repay	1	2	3	4
Government's anti-poor loans	33.99	33.60	18.58	13.83
Bank loans	36.60	38.49	19.25	5.66
Loans from friends and relatives	13.64	20.83	41.67	23.86
Temple loans	15.02	10.30	18.45	56.22

For the rank, 1,2,3,4 refers to repaying this kind of loan as first, second, third, and fourth priority, respectively. For example, for the government's anti-poor loan, there are 33.99% of ET households prioritize paying it as the first repayment priority, and 33.60% of ET households stated it as the second repayment. Here, the question asked was, "If you do not have enough money, which financing sources would you like to pay back first, second, third, and fourth?" We provided the four choices given in the first column. Details on the variables influencing the repayment order are later analyzed using the rank-ordered logit model