1. © The Author(s) 2013. Published by Science and Education Publishing.
Table 2. Relationship between Financial Characteristics and Innovation in MFIs –ANOVA Test
Factor
Dependent Variable
F-statistic
Sig.
Average repayment rate over past 3 years
Number of new savings products offered in the past 3 years
3.349
.032**
R and D expenditure
7.064
.002***
Number of new loan products offered in the past 3 years
4.737
.007***
Number of branches/outlets
3.264
.012**
Average Max. loan term over past 3 years
8.699
.000***
Donor funding
Microinsurance
3.005
.091*
Funding from savings deposits
3.326
.076*
3.526
.068*
Funding from bank
Number of loan products offered in the past 3 years
3.760
.060*
Micro insurance
4.280
.045**
Owner equity
3.541
.067*
***, **, * depicts significance at 1%, 5%, and 10% respectively
Haruna Issahaku et al. Financial Characteristics and Innovations in Microfinance Institutions in Ghana. American Journal of Rural Development, 2013, Vol. 1, No. 3, doi: /ajrd-1-3-2
© The Author(s) Published by Science and Education Publishing.