Objective Behind Loan Application

(Multiple Response Question)

"What was the purpose of the loan(s) for which you applied and which was unsuccessful (rejected application)?"

No. of Records %/Total
To purchase durables such as (furniture, watches, jewelry, etc.)518.52
To buy food414.81
To start a new business414.81
To pay for a plot / purchase of land27.41
To pay unforeseen emergency costs (e.g. hospital/medical bills/ funeral)27.41
To meet expenses of wedding and dowry27.41
Other life cycle event27.41
To pay off other loans27.41
To purchase farm land27.41
To pay utility bills13.7
To build-up of a "mattress" (e.g. gold, collectibles, jewelry, etc.)13.7
(N)27100%

*Horus - Gallup Pakistan - Access to Finance Survey 2015