Table 1: Description of socio-economic characteristics of rural household heads Variables Frequency Percentage Age (years) 21 30 32 16.0 – 31 40 70 35.0 – 41 50 48 24.0 – 51 60 31 15.5 – >60 19 9.5 Mean 42.93 (11.79) Sex Male 124 62.0 Female 76 38.0 Occupation Not working 2 1.0 Farming 63 31.5 Trading 47 23.5 Public/civil servant 29 14.5 Others 59 29.5 Household size 1 4 69 35.0 – 5 9 115 57.5 – 10 14 15 7.5 – Mean 5.51 (2.16) Marital status Married 143 71.5 Divorced 12 6.0 Single parent 23 11.5 Widow 16 8.0 Widower 6 3.0 Income per month (₦) 0 10 5.0 <10,000 85 42.5 11,000 20,000 53 26.5 – 21,000 30,000 26 13.0 – 31,000 40,000 12 6.0 – 41,000 50,000 8 4.0 – >50,000 6 3.0 Mean 16588.17(16614.50) of education 0 54 27.0 1-6 63 31.5 7-12 41 20.5 >12 42 21.0 Mean 7.47 (5.71) Consumption level/no. of meals per day <3 2 1.0 3 57 28.5 >3 141 70.5 2: Average amount of formal savings by rural household heads Period Bank Co operative Mobile banker Weekly 10.00 (±141.42) 287.00 (±938.05) 6.50 (±73.72) Monthly 605.13(±2176.01) 0.00 0.00 The figures in parentheses represent the standard deviation. 3: Average amount of informal savings by rural household heads Period Mutual saving Susu Self saving
Table 1: Description of socio-economic characteristics of rural household heads Variables Frequency Percentage Age (years) 21 – 30 32 16.0 31 – 40 70 35.0 41 – 50 48 24.0 51 – 60 31 15.5 >60 19 9.5 Mean 42.93 (11.79) Sex Male 124 62.0 Female 76 38.0 Occupation Not working 2 1.0 Farming 63 31.5 Trading 47 23.5 Public/civil servant 29 14.5 Others 59 29.5 Household size 1 – 4 69 35.0 5 – 9 115 57.5 10 – 14 15 7.5 Mean 5.51 (2.16) Marital status Married 143 71.5 Divorced 12 6.0 Single parent 23 11.5 Widow 16 8.0 Widower 6 3.0 Income per month (₦) 0 10 5.0 <10,000 85 42.5 11,000 – 20,000 53 26.5 21,000 – 30,000 26 13.0 31,000 – 40,000 12 6.0 41,000 – 50,000 8 4.0 >50,000 6 3.0 Mean 16588.17(16614.50) of education 0 54 27.0 1-6 63 31.5 7-12 41 20.5 >12 42 21.0 Mean 7.47 (5.71) Consumption level/no. of meals per day <3 2 1.0 3 57 28.5 >3 141 70.5 2: Average amount of formal savings by rural household heads Period Bank Co operative Mobile banker Weekly 10.00 (±141.42) 287.00 (±938.05) 6.50 (±73.72) Monthly 605.13(±2176.01) 0.00 0.00 The figures in parentheses represent the standard deviation. 3: Average amount of informal savings by rural household heads Period Mutual saving Susu Self saving
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