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Table 2 Microcredit Finance Groups’ Mean Characteristics

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

Characteristics Mean Minimum Maximum
Years of existence (years) 8 2 18
Savings mobilization (naira) N420,000 N250,000 N600,000
Loan duration (month) 6 3 12
Interest rate (per annum) 40 8 70
Membership strength (number) 13 6 24
Number of meeting per month 3 1 4
Visitation by Credit officer (number) 8 2 21
Distance travel to Bank (km) 15 1 33
  1. Source: Field Survey, 2016