Reasons for Borrowing

(Multiple Response Question)

"What was the purpose of borrowing from these lenders?"

No. of Records %/Total
To buy food1,26942.53
Other life cycle event30210.12
To pay unforeseen emergency costs (e.g. hospital/medical bills/ funeral)2909.72
To meet expenses of wedding and dowry1785.97
To pay utility bills1595.33
To purchase goods for agriculture - agricultural inputs973.25
To purchase consumer goods items (such as electronic items such as television, microwave)903.02
To purchase durables (such as furniture, watches, jewelry, etc.)892.98
To purchase a vehicle732.45
To meet child birth expenses (for example cesarean operation)581.94
Other purposes for personal use or for the household461.54
To pay for a plot / purchase of land441.47
To finance travel/vacation401.34
To purchase goods for agriculture - livestock401.34

*Horus - Gallup Pakistan - Access to Finance Survey 2015