(1)

(2)

(3)

VARIABLES

Marginal effects

Probit coefficients

OLS coefficients

COLLATERAL SECURITY

−0.0606

−0.353

−0.0259

(0.131)

(0.768)

(0.137)

INTEREST RATE

−0.199

−1.160

−0.136

(0.122)

(0.763)

(0.133)

MANAGER’S EXPERIENCE

0.0116**

0.0676**

0.00966*

(0.00487)

(0.0319)

(0.00567)

CORRUPTION

−0.133

−0.777

−0.0811

(0.118)

(0.720)

(0.170)

POLITICAL INSTABILITY

−0.275***

−1.604**

−0.240*

(0.105)

(0.723)

(0.122)

TAX RATES

0.105***

0.613**

0.0818

(0.0394)

(0.279)

(0.0498)

PARTNERSHIP

−0.475**

−2.768**

−0.337

(0.207)

(1.401)

(0.349)

JOINT STOCK

−0.596***

−3.475**

−0.457*

(0.183)

(1.375)

(0.246)

SIZE OF LOAN

−0.0722***

−0.421**

−0.0603**

(0.0235)

(0.170)

(0.0226)

GENDER (1 IF MALE AND 0 IF NOT)

−0.263**

−1.535*

−0.305

(0.120)

(0.802)

(0.203)

REGISTRATION

0.168

0.978

0.0424

(0.199)

(1.175)

(0.163)4

LOAN BEFORE

−0.0145

−0.0845

−0.0200

(0.0941)

(0.550)

(0.116)

INADIQUATE EDUCATED LABOUR

0.150***

0.874***

0.122**

(0.0452)

(0.338)

(0.0528)

SOLEPROPRITOR

0.292**

1.703*

0.249

(0.146)

(0.944)

(0.250)

CONSTANT

10.75***

2.120***

(4.040)

(0.594)

OBSERVATIONS

361

361

361

R-squared

0.350