| Frequency distribution (%) | |
|---|---|
| Business expenses / investments | 16 |
| Pay for medical care | 15 |
| Everyday expenses | 15 |
| Purchase / build / renovate a house | 12 |
| Purchase durable goods | 11 |
| Repay previously taken loans / credits | 6 |
| Pay for education | 6 |
| Buy food | 6 |
| Pay for special events (wedding, funeral) | 4 |
| Other | 7 |
| DK/RA | 1 |
Question text: For the largest loan you have taken in the last 12 months, what was the money primarily used for?
Note: The question was asked to the respondents who had taken at least one loan more than 100 USD in the last 12 months.
The question was recoded. Options Pay for utilities and Travel / Vacation were grouped with Other.
Caucasus Barometer is the annual household survey about social economic issues and political attitudes conducted by CRRC.
Country: Armenia
Fieldwork Dates: November 1 2008 to December 15 2008