Local digital lending development and the incidence of deprivation in Kenya

Financial Innovation

Table 9 Marginal effect estimates for the probability of accessing digital credit

	Digital credit
Rural	− 0.019***
	(0.005)
Log of household size	0.001
	(0.003)
Log of age	− 0.052***
	(0.007)
Female	− 0.015***
	(0.004)
At least secondary education	0.039***
	(0.005)
Log of income	0.015***
	(0.002)
Bank account	0.048***
	(0.004)
Mobile money/mobile banking account	0.083***
	(0.011)
Mobile phone	0.060***
	(0.012)
Year dummy	Yes
Regional dummies	Yes
No. of observations	16,650

Estimation is based on Eq. (1). The dependent variable equals 1 if the respondent has access to digital credit. Robust Standard errors are in parentheses. Standard Errors are clustered at the regional level
*p < 0.10, **p < 0.05, ***p < 0.01