Convergent validity
| Latent constructs and manifest variables | Loadings | Cronbach’s alpha (α) | rho_A | CR | AVE | R2 |
|---|---|---|---|---|---|---|
| Financial Exp | 0.830 | 0.845 | 0.722 | 0.671 | 0.344 | |
| FE13 | 0.727*** | |||||
| FE16 | 0.786*** | |||||
| FE8 | 0.517*** | |||||
| Microfinance lending | 0.867 | 0.876 | 0.897 | 0.525 | ||
| MA1 | 0.714*** | |||||
| MA12 | 0.812*** | |||||
| MA13 | 0.831*** | |||||
| MA2 | 0.633*** | |||||
| MA3 | 0.792*** | |||||
| MA6 | 0.598*** | |||||
| MA7 | 0.595*** | |||||
| MA8 | 0.774*** | |||||
| Continued existence | 0.862 | 0.875 | 0.915 | 0.782 | 0.431 | |
| SW12 | 0.825*** | |||||
| SW7 | 0.939*** | |||||
| SW8 | 0.886*** |
| Latent constructs and manifest variables | Loadings | Cronbach’s alpha (α) | rho_A | CR | AVE | |
|---|---|---|---|---|---|---|
| Financial Exp | 0.830 | 0.845 | 0.722 | 0.671 | 0.344 | |
| FE13 | 0.727*** | |||||
| FE16 | 0.786*** | |||||
| FE8 | 0.517*** | |||||
| Microfinance lending | 0.867 | 0.876 | 0.897 | 0.525 | ||
| MA1 | 0.714*** | |||||
| MA12 | 0.812*** | |||||
| MA13 | 0.831*** | |||||
| MA2 | 0.633*** | |||||
| MA3 | 0.792*** | |||||
| MA6 | 0.598*** | |||||
| MA7 | 0.595*** | |||||
| MA8 | 0.774*** | |||||
| Continued existence | 0.862 | 0.875 | 0.915 | 0.782 | 0.431 | |
| SW12 | 0.825*** | |||||
| SW7 | 0.939*** | |||||
| SW8 | 0.886*** |
Note(s): ***p < 0.0001; Legends: Financial Exp – financial experience
Source(s): Authors’ own work
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