Kenya Integrated Household Budget Survey 2005-2006
Kenya, 2005 - 2006
Kenya National Bureau of Statistics
Created on
September 14, 2022
Last modified
September 14, 2022
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- Data files
-
Section U
Credit -
Section R
Transfers -
Section S Other
Income -
Section T
Recent Shocks -
consumption
aggregated data -
Section A
Identification -
Section H2
Energy -
Section G
Housing -
Section H1
Water
Sanitation -
Section C
education -
Section D
Health -
Section B
Household
member
Information -
section D
Deaths -
Section D
Fertility -
Section E
Labour -
Section Q
Household
Enterprises -
Section F Child
health -
Section N
Agriculture
Holding -
Section O
Agriculture
Output -
Section P1
Livestock -
Section P2
Livestock
(u09)
Data file: Section U Credit
Overview
Valid:
1637
Invalid:
12512
Minimum:
0.03
Maximum:
800
Mean:
20.0689997316096
Standard deviation:
51.4679990386688
Type:
Continuous
Decimal:
2
Width:
6
Range:
0.0300000009519104 - 800
Format:
Numeric
Questions and instructions
Literal question
Rate of interest per annum
var_qstn_ivuinstr
Interest rate is the fee charged by a lender to a borrower for the use of borrowed money, usually expressed as an annual percentage of the principal. The rate is dependent upon the time value of money, the credit risk of the borrower, and the inflation rate. Establish if the loan was to attract an interest. If the rate of interest was for example 12.6 per cent per year put 12 in the 1st cell and 6 in the second cell.
Some lenders may not use these factors to determine the rate. For example if one borrowed Kshs 1,000 which he/she is supposed to pay back at a total of Kshs. 1,100 in one month, then the rate of interest would be computed as follows
IR = (1,100-1000)*100%/1000 = 10% per month
which translate into 120% per year
Some lenders may not use these factors to determine the rate. For example if one borrowed Kshs 1,000 which he/she is supposed to pay back at a total of Kshs. 1,100 in one month, then the rate of interest would be computed as follows
IR = (1,100-1000)*100%/1000 = 10% per month
which translate into 120% per year