Sustainable financial access for female entrepreneurs in the micro, small and medium enterprises sector in Nigeria

Figures & data

Table 1. Definitions and Meanings of Variables

S/No.	Notation	Full meaning and implication	a priori
1	RegType	Type of Business registration by respondent	+
2	BankNo	No of active bank accounts operated by the respondent	-/+
3	Education	The highest level of education attained	+
4	Savings	The average monthly savings of the respondent	+
5	CollaCond	The level of collateral required to secure credit	-
6	DiffCond	The level of difficulty to meet conditions	-
7	ExtOfficial	The involvement of External Help in securing loans	+
8	FutureLoan	The prospect of requesting for advance in future	+
9	LoanFreq	The Frequency of obtaining or accessing credit	+
10	LoanMax	The maximum amount of credit that can be obtained	+
11	Loan4Biz	Interest by the FEs to borrow	-/+
12	MaxLoan	Conditions for the FEs to maximise the loan	-
13	BizStart	Sources of the finance to begin enterprise by the FE	+
14	RegAct	Regular savings and transactions with the bank	-/+

Source: Key variables used in the study

Table 2. Regression Estimates and Outputs

Dependent	Loan4Biz	FurtLoan	MaxLoan	Savings
Independent
(Constant)	9.402	11.673	8.864	−0.237
RegType	−1.077 (0.283)			2.398** (0.018)
BizReg	−1.141 (0.256)		1.74* (0.084)
RegActivity	−2.177** (0.031)
Savings	−1.659* (0.099)	−2.286** (0.024)
CondLoan	1.892* (0.060)	−0.641 (0.522)	−2.332** (0.021)	−0.836 (0.405)
LoanFreq	−0.963 (0.337)		−2.963*** (0.004)
BanksNo			−1.863* (0.064)	0.594 (0.553)
Education				2.505** (0.013)
DiffCond			1.031 (0.304)	0.359 (0.720)
ExtOfficial		1.142 (0.255)
BizStart		1.233 (0.219)
R Squared	0.94	0.61	0.95	0.82
Adj. R Sqd.	0.56	0.43	0.61	0.52
DW	1.502	1.738	1.506	1.838
Obs,	165	160	167	160

Source: Regression outputs from the questionnaire. t statistics, p values *, **, *** represents 0.1, 0.05 0.01 levels of significance.