Table 4 Regression Analysis
From: Microfinance institutions’ operational self-sufficiency in sub-Saharan Africa: empirical evidence
Dependent Variable | = Operational Self-Sufficiency (OSS) | Period: 2000–2017 | ||||
|---|---|---|---|---|---|---|
All Data (Model 1) | OSS MFIs (Model 2) | NOSS MFIs (Model 3) | UP NOSS MFIs (Model 4) | For-Profit MFIs (Model 5) | Non-Profit MFIs (Model 6) | |
R2 | 25.9% | 18.7% | 74.7% | 73.9% | 48.1% | 21.3% |
Independent Variables | ||||||
Intercept | 1.0877c (34.6150) | 1.4782c (26.1593) | 0.6841c (67.3453) | 0.5654c (54.3554) | 1.1927c (31.2353) | 1.0566c (22.2142) |
Return on Assets | 2.1051c (14.5958) | 4.1541c (11.0489) | 1.5381c (24.7522) | 1.3372c (17.7114) | 1.9032c (12.2658) | 2.2467c (10.5726) |
Return on Equity | −0.0002 (− 0.3891) | − 0.013(− 0.2684) | 6.1E-06 (0.0567) | 1.34E-05 (0.1535) | 0.0087(1.4216) | − 0.0002 (− 0.2828) |
Average loan balance per borrower | 2.79E-06 (0.2009) | −2.8E-05(− 1.2256) | 3.7E-05c (5.3438) | 3.11E-06 (0.3005) | −1.4E-06 (− 0.1120) | 7.4E-06 (0.3114) |
Cost per borrower | 1.5E-05 (0.4438) | 4.21E-05 (0.3535) | −1.5E-05b (− 1.9716) | −5.5E-06 (− 0.8040) | −1.4E-05 (− 0.4308) | 1.88E-05 (0.2759) |
Total expense/assets | − 0.0789 (− 0.6821) | −1.8014c (−8.5486) | 0.4712c (8.9181) | 0.5375c (8.1095) | − 0.3655c (− 2.9646) | 0.0668 (0.3934) |
Number of Active Borrowers/Financial Revenue | − 0.3534a(− 1.9542) | −0.5863 (− 0.6166) | 1.04E-06c (− 5.9365) | −0.1714c (− 5.4769) | −1.4540c (− 2.9659) | −0.3076 (− 1.4005) |
Number of active borrowers | 6.67E-07c (3.8681) | 3.02E-07 (1.4326) | 1.04E-06c (4.9937) | −8.68E-07c (2.9565) | 7.21E-07c (6.6289) | −1.5E-07 (−0.2129) |
Financial Revenue/ Assets | 0.1328b (2.0357) | 0.2164c (2.6697) | 0.1119b (2.2721) | 0.1435b (2.1603) | 0.1051a (1.7344) | 0.1943a (1.9095) |
Observations | 1703 | 977 | 726 | 407 | 648 | 1055 |