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Table 2 Pairwise correlations

From: Microfinance institutions’ operational self-sufficiency in sub-Saharan Africa: empirical evidence

 

Return on assets

Return on equity

Average loan balance per borrower

Cost per borrower

Total expense / assets

Number of Active Borrowers/ Financial Revenue

Number of active borrowers

Financial Revenue/ Assets

Return on assets

1

       

Return on equity

0.07 (0.008)

1

      

Average loan balance per borrower

0.08 (0.000)

0.012 (0.611)

1

     

Cost per borrower

−0.21 (0.000)

0.03 (0.264)

0.39 (0.000)

1

    

Total expense / assets

−0.63 (0.000)

−0.07 (0.004)

− 0.17 (0.000)

0.13 (0.000)

1

   

Number of Active Borrowers/ Financial Revenue

−0.08 (0.001)

−0.0003 (0.99)

− 0.11 (0.000)

−0.09 (0.000)

− 0.04 (0.110)

1

  

Number of active borrowers

0.14 (0.000)

0.01 (0.672)

−0.03 (0.297)

−0.06 (0.010)

− 0.11 (0.000)

−0.003 (0.902)

1

 

Financial Revenue/ Assets

0.10 (0.000)

−0.01 (0.782)

−0.08 (0.001)

− 0.03 (0.307)

0.41 (0.000)

− 0.08 (0.002)

−0.01 (0.765)

1