1. Financial Characteristic
Table 3. Descriptive Statistics of Financial Characteristics of MFIs in Northern Ghana
Financial Characteristic N
Min
Max
Mean
Std. Dev.he details of the significant relationships are dicussed as follows:bles) and analysed against fiancial and loan products, mod
Average interest rate for the past 3 years 39
11.00
78.00
13.14
Average repayment rate for past 3years 30
39.67
100.00
55.76
36.74
Average loan portfolio over the past 3 years 32
846.67
Average clientele base for the past 3 years
16.67
871.19
Average minimum amount of loan given to clients over the past 3 years
1.61
500.00
144.39
114.26
Average maximum loan amount given to clients over the past 3 years
250.00
Average maximum loan term over past 3 years( in months) 40
4.33
72.00
33.67
18.76
Average minimum loan term over the past 3 years (in months)
1.00
12.00
5.38
3.71
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.