Saving Patterns and Probability of Success in Individual ...

Saving Patterns and Probability of … 19
Table 3- IDA participants’ saving patterns
1 2 3 4 5 6 7 8 9 10
No. of
Accounts
Average
Total
Savings
Months in
Program
Months to
Complete
Savings
Number of
Deposits
Last
Deposit
Month
Deposit
Ratio
Average
Deposit
per Bank
Visit
Average
Deposit per
Month
Agency 1 35 $991 19 17 11 14 0.58 $107 $54
Agency 2 36 $890 15 11 6 8 0.53 $158 $88
Agency 3 33 $1,127 13 13 11 11 0.79 $105 $83
Agency 4 59 $1,180 15 13 10 12 0.77 $133 $100
Agency 5 101 $384 8 8 4 6 0.59 $81 $55
Agency 6 41 $1,324 20 13 9 12 0.74 $161 $126
Agency 7 36 $1,046 17 13 8 11 0.64 $134 $99
Agency 8 29 $1,068 13 12 10 10 0.82 $126 $105
Agency 9 48 $832 10 9 7 8 0.82 $115 $94
Agency 10 65 $882 13 12 7 9 0.62 $120 $77
Agency 11 47 $570 12 12 6 8 0.54 $104 $56
Agency 12 15 $1,525 7 7 5 6 0.77 $293 $227
Total HO 545 $885 13 11 7 9 0.67 $122 $85
Agency 1 67 $886 17 13 10 12 0.77 $100 $71
Agency 2 38 $518 16 13 6 9 0.49 $108 $48
Agency 3 18 $684 15 12 9 10 0.70 $78 $58
Agency 4 38 $459 8 7 4 6 0.69 $112 $83
Agency 5 46 $696 15 12 7 9 0.65 $98 $63
Agency 6 29 $319 15 13 5 8 0.47 $70 $30
Total ME 236 $636 15 12 7 9 0.65 $97 $62
Table 4- Estimation Results for Participants Savings Patterns
Variable Coefficient Std. Error z-Statistic Prob.
C – (Constant term) -35.44 4.39 -8.07 0.00
I - (Months in the program) 0.47 0.05 10.09 0.00
M - (Deposit Ratio) 8.87 1.29 6.85 0.00
N - (Average deposit per visit) 0.04 0.00 8.58 0.00
L/J - (activity ratio) 14.75 3.92 3.76 0.00
P - (Me / Ho - Dummy Var.) 3.55 0.43 8.26 0.00
McFadden R-squared = 0.72
LR statistic (5 df) = 707.00
Probability (LR stat) = 0.00
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