Table 5 Multinomial probit estimates of...

Table 5

Multinomial probit estimates of the number of financial products used

Variable	GLSS7		GLSS6
Variable	2 products	3 and 4 products	2 products	3 and 4 products
Age of household head	−0.000	0.002	−0.004	0.008^***
Age of household head	(0.002)	(0.004)	(0.002)	(0.003)
Male head	0.226^***	0.247^**	0.494^***	0.428^***
Male head	(0.059)	(0.124)	(0.092)	(0.107)
Household size	0.025^***	0.036^*	0.030^**	0.053^***
Household size	(0.010)	(0.020)	(0.012)	(0.014)
Married household head	0.015	0.358^***	0.036	0.106
Married household head	(0.059)	(0.126)	(0.089)	(0.104)
Number of years spent in school	0.068^***	0.090^***	0.076^***	0.120^***
Number of years spent in school	(0.005)	(0.012)	(0.007)	(0.008)
Employed in agriculture	−0.342^***	−0.516^***	−0.297^***	−0.476^***
Employed in agriculture	(0.069)	(0.160)	(0.085)	(0.096)
Self-employed	0.240	0.010	0.075	−0.296
Self-employed	(0.260)	(0.140)	(0.088)	(0.397)
Multiple job engagement	0.017^***	0.367^***	0.226^***	0.115^***
Multiple job engagement	(0.008)	(0.121)	(0.069)	(0.007)
Receipt of remittance	0.201^***	0.234^***	0.275^***	0.299^***
Receipt of remittance	(0.007)	(0.011)	(0.066)	(0.076)
Ownership of enterprise	0.045	0.061	−0.031	−0.127
Ownership of enterprise	(0.058)	(0.128)	(0.070)	(0.082)
Head in rural locality	−0.296^***	−0.378^***	−0.015	−0.220
Head in rural locality	(0.054)	(0.130)	(0.113)	(0.142)
Community has motorable road	0.427^***	0.255^***	0.153^***	0.121^**
Community has motorable road	(0.032)	(0.077)	(0.001)	(0.031)
Community has public transport	0.212^***	0.527^***	0.154^**	0.244^***
Community has public transport	(0.061)	(0.146)	(0.017)	(0.015)
Community has post office	−0.326^***	−0.064	0.231	−0.209
Community has post office	(0.072)	(0.145)	(0.155)	(0.181)
Community has phone network	−0.134	0.070	0.032	−0.024
Community has phone network	(0.169)	(0.159)	(0.080)	(0.095)
Community has bank	0.348^***	0.234^***	0.153^***	0.748^***
Community has bank	(0.063)	(0.015)	(0.002)	(0.125)
Community has periodic market	0.012^**	0.089^***	0.028^**	0.644^***
Community has periodic market	(0.003)	(0.008)	(0.005)	(0.104)
Mem. in FBO and cooperatives	0.174^**	5.205^***	0.192^*	0.256^**
Mem. in FBO and cooperatives	(0.029)	(0.126)	(0.099)	(0.108)
No. of times crops grown/season	−0.055	0.439^***	0.057	0.002
No. of times crops grown/season	(0.060)	(0.122)	(0.066)	(0.077)
Constant	−0.530^***	−3.955^***	−0.593^***	−2.054^***
Constant	(0.176)	(0.424)	(0.221)	(0.257)
Observations	8,063		3,790
Chi-square	3182.0^***		730.71^***
Log pseudolikelihood	−4745.21		−3553.93

Variable	GLSS7		GLSS6
Variable	2 products	3 and 4 products	2 products	3 and 4 products
Age of household head	−0.000	0.002	−0.004	0.008^***
Age of household head	(0.002)	(0.004)	(0.002)	(0.003)
Male head	0.226^***	0.247^**	0.494^***	0.428^***
Male head	(0.059)	(0.124)	(0.092)	(0.107)
Household size	0.025^***	0.036^*	0.030^**	0.053^***
Household size	(0.010)	(0.020)	(0.012)	(0.014)
Married household head	0.015	0.358^***	0.036	0.106
Married household head	(0.059)	(0.126)	(0.089)	(0.104)
Number of years spent in school	0.068^***	0.090^***	0.076^***	0.120^***
Number of years spent in school	(0.005)	(0.012)	(0.007)	(0.008)
Employed in agriculture	−0.342^***	−0.516^***	−0.297^***	−0.476^***
Employed in agriculture	(0.069)	(0.160)	(0.085)	(0.096)
Self-employed	0.240	0.010	0.075	−0.296
Self-employed	(0.260)	(0.140)	(0.088)	(0.397)
Multiple job engagement	0.017^***	0.367^***	0.226^***	0.115^***
Multiple job engagement	(0.008)	(0.121)	(0.069)	(0.007)
Receipt of remittance	0.201^***	0.234^***	0.275^***	0.299^***
Receipt of remittance	(0.007)	(0.011)	(0.066)	(0.076)
Ownership of enterprise	0.045	0.061	−0.031	−0.127
Ownership of enterprise	(0.058)	(0.128)	(0.070)	(0.082)
Head in rural locality	−0.296^***	−0.378^***	−0.015	−0.220
Head in rural locality	(0.054)	(0.130)	(0.113)	(0.142)
Community has motorable road	0.427^***	0.255^***	0.153^***	0.121^**
Community has motorable road	(0.032)	(0.077)	(0.001)	(0.031)
Community has public transport	0.212^***	0.527^***	0.154^**	0.244^***
Community has public transport	(0.061)	(0.146)	(0.017)	(0.015)
Community has post office	−0.326^***	−0.064	0.231	−0.209
Community has post office	(0.072)	(0.145)	(0.155)	(0.181)
Community has phone network	−0.134	0.070	0.032	−0.024
Community has phone network	(0.169)	(0.159)	(0.080)	(0.095)
Community has bank	0.348^***	0.234^***	0.153^***	0.748^***
Community has bank	(0.063)	(0.015)	(0.002)	(0.125)
Community has periodic market	0.012^**	0.089^***	0.028^**	0.644^***
Community has periodic market	(0.003)	(0.008)	(0.005)	(0.104)
Mem. in FBO and cooperatives	0.174^**	5.205^***	0.192^*	0.256^**
Mem. in FBO and cooperatives	(0.029)	(0.126)	(0.099)	(0.108)
No. of times crops grown/season	−0.055	0.439^***	0.057	0.002
No. of times crops grown/season	(0.060)	(0.122)	(0.066)	(0.077)
Constant	−0.530^***	−3.955^***	−0.593^***	−2.054^***
Constant	(0.176)	(0.424)	(0.221)	(0.257)
Observations	8,063		3,790
Chi-square	3182.0^***		730.71^***
Log pseudolikelihood	−4745.21		−3553.93

Note(s): Base outcome is households using only one financial product; the sample for those using 4 products are few to support its standalone estimates, thus they combined with those using 3 products; ^*p < 0.1; ^**p < 0.05; ^***p < 0.01

Source(s): Own elaboration

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