Financial Innovation

Table 1 Group Members’ Characteristics

From: Determinants of loan repayment among agricultural microcredit finance group members in Delta state, Nigeria

Variables	Frequency (n = 288)	(%)
Sex:
Male	86	29.86
Female	202	70.14
Marital Status:
Single	57	19.79
Married	209	72.57
Divorced/Widow	22	7.61
Household Size:
1–5	21	7.29
6–10	211	73.26
11–15	48	16.67
Above 16	8	2.78
Educational Level:
Primary School	97	33.68
Secondary School	163	56.6
NCE/OND	15	5.21
HND/B.SC	11	3.82
M.SC	2	0.69
Age of Members
20–29	20	6.94
30–39	87	30.21
40–49	102	35.42
50–59	61	21.18
Above 59	18	6.25
Occupation:
Farming only	107	37.82
Farming Plus Trading	141	48.96
Farming Plus Artisanal	40	13.89
Annual Income (N)
Less than N200,000	81	28.13
200,001–300,000	79	27.43
300,001–400,000	92	31.94
400,001–500,000	26	9.03
Above 500,001	10	3.47
Length of stay in Locality:
1–5	11	3.82
6–10	41	14.24
11–15	114	39.58
16–20	93	32.28
Above 20	29	10.1

Source: Field Survey, 2016

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