Loan shark: why/how youth chose loan sharking as an occupation?

Generally speaking, Loan Shark refers to those individuals or organizations that lend money at excessively and often illegally high rates of interest; and tend to use violent and harsh methods to collect debts. In Malaysia, there are on-going cases of helpless borrowers been beaten up and had their...

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Main Authors: Loi, Chai Ken, Rodriguez, Adriana Maria Ortega, Abdullah, Haslinda
Format: Conference or Workshop Item
Language:English
Published: Institute for Social Science Studies, Universiti Putra Malaysia 2013
Online Access:http://psasir.upm.edu.my/id/eprint/65075/
http://psasir.upm.edu.my/id/eprint/65075/1/ICYOUTH2013-27.pdf
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author Loi, Chai Ken
Rodriguez, Adriana Maria Ortega
Abdullah, Haslinda
author_facet Loi, Chai Ken
Rodriguez, Adriana Maria Ortega
Abdullah, Haslinda
author_sort Loi, Chai Ken
building UPM Institutional Repository
collection Online Access
description Generally speaking, Loan Shark refers to those individuals or organizations that lend money at excessively and often illegally high rates of interest; and tend to use violent and harsh methods to collect debts. In Malaysia, there are on-going cases of helpless borrowers been beaten up and had their properties damaged or destroyed, and in some extreme cases victims that cannot afford to repay their debts have committed suicide. We believe that to tackle this loan sharking issue in Malaysia, it is necessary to understand the cause motives that drive young people to join such treacherous and immoral industry. By investigating factors that contribute to choose loan sharking as occupation and or career, we could find effective ways to reduce young people interest or participation in such risky occupation. After reviewing Krumboltz’s, Holland’s and Super’s theory on career development; Super’s theory seemed the best as framework for understanding occupation/career choices among youth. Hence, this conference paper will focus on the description of Super’s career development theory as the framework to investigate the motives that drive young people in Malaysia to join such treacherous and immoral industry. The paper is a description of the research proposal for the study.
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format Conference or Workshop Item
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institution Universiti Putra Malaysia
institution_category Local University
language English
last_indexed 2025-11-15T11:21:44Z
publishDate 2013
publisher Institute for Social Science Studies, Universiti Putra Malaysia
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spelling upm-650752018-09-03T04:52:08Z http://psasir.upm.edu.my/id/eprint/65075/ Loan shark: why/how youth chose loan sharking as an occupation? Loi, Chai Ken Rodriguez, Adriana Maria Ortega Abdullah, Haslinda Generally speaking, Loan Shark refers to those individuals or organizations that lend money at excessively and often illegally high rates of interest; and tend to use violent and harsh methods to collect debts. In Malaysia, there are on-going cases of helpless borrowers been beaten up and had their properties damaged or destroyed, and in some extreme cases victims that cannot afford to repay their debts have committed suicide. We believe that to tackle this loan sharking issue in Malaysia, it is necessary to understand the cause motives that drive young people to join such treacherous and immoral industry. By investigating factors that contribute to choose loan sharking as occupation and or career, we could find effective ways to reduce young people interest or participation in such risky occupation. After reviewing Krumboltz’s, Holland’s and Super’s theory on career development; Super’s theory seemed the best as framework for understanding occupation/career choices among youth. Hence, this conference paper will focus on the description of Super’s career development theory as the framework to investigate the motives that drive young people in Malaysia to join such treacherous and immoral industry. The paper is a description of the research proposal for the study. Institute for Social Science Studies, Universiti Putra Malaysia 2013 Conference or Workshop Item PeerReviewed text en http://psasir.upm.edu.my/id/eprint/65075/1/ICYOUTH2013-27.pdf Loi, Chai Ken and Rodriguez, Adriana Maria Ortega and Abdullah, Haslinda (2013) Loan shark: why/how youth chose loan sharking as an occupation? In: International Conference on Youth 2013 (ICYOUTH 2013), 29-31 Oct. 2013, Mines Wellness Hotel, Sri Kembangan, Selangor. .
spellingShingle Loi, Chai Ken
Rodriguez, Adriana Maria Ortega
Abdullah, Haslinda
Loan shark: why/how youth chose loan sharking as an occupation?
title Loan shark: why/how youth chose loan sharking as an occupation?
title_full Loan shark: why/how youth chose loan sharking as an occupation?
title_fullStr Loan shark: why/how youth chose loan sharking as an occupation?
title_full_unstemmed Loan shark: why/how youth chose loan sharking as an occupation?
title_short Loan shark: why/how youth chose loan sharking as an occupation?
title_sort loan shark: why/how youth chose loan sharking as an occupation?
url http://psasir.upm.edu.my/id/eprint/65075/
http://psasir.upm.edu.my/id/eprint/65075/1/ICYOUTH2013-27.pdf