Table 1

Convergent validity

Latent constructs and manifest variablesLoadingsCronbach’s alpha (α)rho_ACRAVER2
Financial Exp 0.8300.8450.7220.6710.344
FE130.727***     
FE160.786***     
FE80.517***     
Microfinance lending 0.8670.8760.8970.525 
MA10.714***     
MA120.812***     
MA130.831***     
MA20.633***     
MA30.792***     
MA60.598***     
MA70.595***     
MA80.774***     
Continued existence 0.8620.8750.9150.7820.431
SW120.825***     
SW70.939***     
SW80.886***     

Note(s): ***p < 0.0001; Legends: Financial Exp – financial experience

Source(s): Authors’ own work

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