Loan repayment performance and its determinants: evidence from micro and small enterprises operating in Dire-Dawa, Ethiopia

Journal of Innovation and Entrepreneurship

A Systems View Across Time and Space

Table 1 Description of variables

Variables	Code of variable		Definition of variable
Dependent variable
Loan repayment	Dummy	Lr	0 = If loan not fully repaid(Defaulter) 1 = If loan fully repaid(Non-defaulter)
Independent variables
Grace period	Dummy	Gp	0 = If the grace period is not enough 1 = If the grace period is enough
Timeliness of loan release	Dummy	Tlr	0 = If the loan is not timely released 1 = If the loan is timely released
Loan size	Continuous	Ls	Measured by the amount of loan taken
Repayment period	Dummy	Rp	0 = If the repayment period is not enough 1 = If the repayment period is enough