The role of microfinance institutions on poverty reduction in Ethiopia: the case of Oromia Credit and Saving Share Company at Welmera district

Future Business Journal

Table 3 Respondents' loan purpose and usage.

Variables	Response	Frequency	Percentage
For what purpose did you use the loan?	Children education	40	11.2
	Animal fatting	59	16.5
	Purchase of agricultural inputs	183	51.26
	Medical expenses	22	6.16
	Ceremonial expenses(wedding and funeral)	27	7.56
	Small business	22	6.16
	Others	4	1.16
	Total	357	100
Did you use the loan entirely for the intended purpose?	Yes	338	94.67
	No	19	5.33
	Total	357	100