Econometric Analysis of Farmers Access to Agricultural Credit and Repayment in South East, Nigeria: Implications for Poverty Alleviation
Journal Title: Advances in Social Sciences Research Journal - Year 2017, Vol 4, Issue 15
Abstract
The study analysed farmers access to agricultural credit and repayment in Southeast, Nigeria. The study specifically described the socioeconomic characteristics of the respondents, sources of credit awareness, and effects of socioeconomic characteristics on use and repayment of credit. Multistage and simple random sampling methods were used to select 120 respondents. Primary data were collected by means of questionnaire and 3 point likert scale. Non parametric and parametric statistical tools including frequency, distribution, percentages, mean ranking and multiple regression were deployed for data analyses majority (72%) of the respondents were married, 75% had above 11 years experience in farming, mean credit obtained was N108, 866.7 and mean amount repaid N 6405.2. the output of the multiple regression R2 of 83% with the coefficient of education, farming experience, credit awareness and interest rate were significant of the 0.05 probability level. The farmer’s access to agricultural credit should be ensured by provision of interest free credit facilities, minimizing beaucratic bottlenecks, education of farmers in proper utilization of credit and training on management and saving mobilization should be encouraged.
Authors and Affiliations
Ugbajah M. O. , J. T. Amah
Keywords
Related Articles
- EP ID EP330128
- DOI 10.14738/assrj.415.3181.
- Views 45
- Downloads 0
The Effects of Social Media on Literacy Development among Pupils in Junior High Schools in Ghana
The study sought to investigate the effects of social media on literacy development among pupils in junior high schools particularly on their perception about the nature of literacy, identifying major social media networ...
Sustaining Adult Education And Social Change In Nigeria
Education is perceived as the most relevant tool or instrument for change, development and progress by all societies. Human history indicates that education remains the most important agent of social conservation and tra...
Contribution of Strategies To Sustainable Competitive Advantage Among Banks After Interest Rate Controls Reintroduction In Kenya
High competition in the banking sector forces banks to adopt appropriate strategies for competitive advantage. This study examined contribution of competitive strategies to sustainable competitive advantage in the sector...
EEG changes in Autism spectrum Disorder in tertiary care hospital
Introduction: ASD is a neuro-developmental disorder characterized by impairment of communication, behavior and socialization. About a third of children with ASD have epilepsy. Most of the cases are associated with some f...
Analysis Of Health Care Quality Evaluation Of Patient Satisfaction In Health District Genyemdistrik Nimboran Jayapura
Health development aims to provide the widest opportunity for the community, and the government has also provided some means or health facilities that can be used by the community in order to Obtain optimal health status...