Financial Inclusion Insights Survey 2014
Ghana, 2014 - 2015
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Reference ID
GHA_2014_FII_v01_M_v01_A_PUF
Producer(s)
InterMedia
Metadata
Created on
Dec 01, 2016
Last modified
Dec 01, 2016
Page views
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- Data files
- final_cgap_ghana_im_v2
FL12. What is the main reason you do not borrow from a bank, MFI or mobile money (FL12)
Data file: final_cgap_ghana_im_v2
Overview
Valid:
170
Invalid:
2832
Type:
Discrete
Decimal:
0
Start:
941
End:
942
Width:
2
Range:
1 - 17
Format:
Numeric
Questions and instructions
Literal question
What is the main reason you do not borrow from a bank, MFI or mobile money provider?
Categories
| Value | Category | Cases | |
|---|---|---|---|
| 1 | I can borrow money through other means | 45 |
26.5%
|
| 2 | I do not know how to open an account | 1 |
0.6%
|
| 3 | I do not have a state ID or other required documents | 1 |
0.6%
|
| 4 | There is no formal financial institution close to where I live | 3 |
1.8%
|
| 5 | Paperwork is too complicated | 9 |
5.3%
|
| 6 | Registration fee is too high | 2 |
1.2%
|
| 7 | I have difficulty understanding how to use such accounts, including account menus, filling deposit/withdrawal slips, che | 4 |
2.4%
|
| 8 | Fees for using this service are too high | 10 |
5.9%
|
| 9 | No one among my friends of family saves/borrows money | 1 |
0.6%
|
| 10 | I do not trust formal financial institutions | 2 |
1.2%
|
| 11 | I prefer to rely on my friends and family for financial services rather than formal institutions | 21 |
12.4%
|
| 12 | The amount of money I need to borrow is too small to use such a service | 33 |
19.4%
|
| 13 | Formal financial institutions are not flexible enough | 8 |
4.7%
|
| 14 | Interest rate is too high | 12 |
7.1%
|
| 15 | I have enough money, I don?t need to borrow | 8 |
4.7%
|
| 16 | I tried to borrow formally but I was denied | 2 |
1.2%
|
| 17 | Other | 8 |
4.7%
|
| Sysmiss | 2832 |
Warning: these figures indicate the number of cases found in the data file. They cannot be interpreted as summary statistics of the population of interest.
Others
Notes
FL12. What is the main reason you do not borrow from a bank, MFI or mobile money provider?