Table 1 Descriptive statistics Variable...

Table 1

Descriptive statistics

Variable	Definition	Obs.	Mean	S.D
Gender	Male = 0	5,023	0.50	–
Gender	Female = 1		0.50
Age	Years number (15–99)	5,023	37.04	15.56
Income	Within economy income quintile	5,023	3.22	1.41
	Poorest		0.16	–
	Poorer		0.17	–
	Middle		0.20	–
	Richer		0.22	–
	Richest		0.25	–
Education	Level of education	5,016	1.94	0.39
	Completed primary or less		0.19	–
	Secondary		0.65	–
	Completed tertiary or more		0.16	–
Workforce*	Out of the workforce	3,025	0.59	–
Workforce*	In the workforce		0.41	–
Account	Has an account at a financial institution: No	5,020	0.59	–
Account	Yes		0.41
Saving	Saved at a financial institution in the last 12 months: No	4,249	0.66	–
Saving	Yes		0.34
Borrowing	Borrowed from financial institution last 12 months: No		0.77	–
Borrowing	Yes		0.23
Debit card	Has a debit card: No	4,984	0.70	–
Debit card	Yes		0.30
Credit card	Has a credit card: No	4,446	0.89	–
Credit card	Yes		0.11
Mobile	Has a mobile use for any financial transactions: No	5,017	0.93	–
Mobile	Yes		0.07
Barriers	Reason for not possessing a financial account
Far away	No	3,415	0.92	–
Far away	Yes		0.08
Too expensive	No	3,354	0.77	–
Too expensive	Yes		0.23
Lack of documentation	No	3,056	0.90	–
Lack of documentation	Yes		0.10
Lack of trust	No	3,052	0.80	–
Lack of trust	Yes		0.20
Religious reason	No	3,061	0.82	–
Religious reason	Yes		0.18
Lack of money	No	3,046	0.33	–
Lack of money	Yes		0.66
A family member has an account	No	2,491	0.73	–
A family member has an account	Yes		0.27
No need for financial services	No	1,855	0.68	–
No need for financial services	Yes		0.32

Variable	Definition	Obs.	Mean	S.D
Gender	Male = 0	5,023	0.50	–
Gender	Female = 1		0.50
Age	Years number (15–99)	5,023	37.04	15.56
Income	Within economy income quintile	5,023	3.22	1.41
	Poorest		0.16	–
	Poorer		0.17	–
	Middle		0.20	–
	Richer		0.22	–
	Richest		0.25	–
Education	Level of education	5,016	1.94	0.39
	Completed primary or less		0.19	–
	Secondary		0.65	–
	Completed tertiary or more		0.16	–
Workforce*	Out of the workforce	3,025	0.59	–
Workforce*	In the workforce		0.41	–
Account	Has an account at a financial institution: No	5,020	0.59	–
Account	Yes		0.41
Saving	Saved at a financial institution in the last 12 months: No	4,249	0.66	–
Saving	Yes		0.34
Borrowing	Borrowed from financial institution last 12 months: No		0.77	–
Borrowing	Yes		0.23
Debit card	Has a debit card: No	4,984	0.70	–
Debit card	Yes		0.30
Credit card	Has a credit card: No	4,446	0.89	–
Credit card	Yes		0.11
Mobile	Has a mobile use for any financial transactions: No	5,017	0.93	–
Mobile	Yes		0.07
Barriers	Reason for not possessing a financial account
Far away	No	3,415	0.92	–
Far away	Yes		0.08
Too expensive	No	3,354	0.77	–
Too expensive	Yes		0.23
Lack of documentation	No	3,056	0.90	–
Lack of documentation	Yes		0.10
Lack of trust	No	3,052	0.80	–
Lack of trust	Yes		0.20
Religious reason	No	3,061	0.82	–
Religious reason	Yes		0.18
Lack of money	No	3,046	0.33	–
Lack of money	Yes		0.66
A family member has an account	No	2,491	0.73	–
A family member has an account	Yes		0.27
No need for financial services	No	1,855	0.68	–
No need for financial services	Yes		0.32

Source(s): Authors calculated

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