Value | Category | Cases | |
---|---|---|---|
1 | I can save through other means | 128 |
6.8%
|
2 | I do not know how to open an account | 51 |
2.7%
|
3 | I do not have a state ID or other required documents | 21 |
1.1%
|
4 | There is no formal financial institution close to where I live | 3 |
0.2%
|
5 | Paperwork is too complicated | 0 |
0%
|
6 | Registration fee is too high | 8 |
0.4%
|
7 | I have difficulty understanding how to use such accounts, including account menus, filling deposit/withdrawal slips, che | 19 |
1%
|
8 | Fees for using this service are too high | 67 |
3.6%
|
9 | No one among my friends of family saves money | 0 |
0%
|
10 | I’m afraid it will be stolen | 6 |
0.3%
|
11 | I do not trust formal financial institutions | 4 |
0.2%
|
12 | I prefer to rely on my friends and family for financial services rather than formal institutions | 2 |
0.1%
|
13 | The amount of money I am saving is too small to use such a service | 28 |
1.5%
|
14 | Formal financial institutions are not flexible enough | 7 |
0.4%
|
15 | I do not have enough money to save | 1266 |
67.6%
|
16 | I tried to open a savings account but was denied | 4 |
0.2%
|
17 | Other (Specify) | 259 |
13.8%
|
Sysmiss | 130 |
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