Financial Inclusion Insights Survey 2014

Rwanda, 2014 - 2015

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Reference ID

RWA_2014_FII_v01_M_v01_A_PUF

DOI

https://doi.org/10.48529/42af-y748

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InterMedia

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Created on

Nov 21, 2016

Last modified

Nov 30, 2016

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FL21.Imagine you took a loan of 100 RWF and you have to pay a fee of 2% each mon (FL21)

Data file: final_cgap_rwanda_im_v2

Overview

Valid: 2003

Invalid: 0

Type: Discrete

Decimal: 0

Start: 1373

End: 1373

Width: 1

Range: 1 - 4

Format: Numeric

Questions and instructions

Question pretext

Now, I would like you to answer several questions that require some calculations. Please, do not be concerned - this is not a test. We just want to see if you understand some of the issues related to budgeting your income and making choices related to money.

Literal question

Now, imagine you took a loan of 1,000 RWF and you have to pay a fee of 2% each month until you fully repay it. How much total money will have to repay in 1 full year (12 months)?

Value	Category	Cases
1	More than 100 RWF	605	30.2%
2	Less than 100 RWF	242	12.1%
3	Exactly 100 RWF	72	3.6%
4	DK/Refused	1084	54.1%

Others

Notes

FL21.Imagine you took a loan of 100 RWF and you have to pay a fee of 2% each month until you fully repay it. How much total money will have to repay in 1 full year (12 months)?

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