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 56
- Downloads 0
Moderating Effects Of Government Environmental Policies On Green Products Toward Consumer Buying Behavior
Green marketing is the concept itself embodies the notion that the product of a given company is produced using environmentally friendly process. The down side is that the consumer need to be made aware regarding these i...
An Investigation of Neo-psychoanalytic Dream Type/ Content and Its Relationship to Personality
Several studies have investigated the relationship between personality variables and dream content. The evidence for a Jungian interpretation of dreaming and character logic functioning is equivocal. After a review of th...
Competence Based Education and Training For Social Economic Transformation
Concern has been expressed over the employability and inept demonstration of skills at work by TVET graduates. This has led to questions about the reasons for the negative outcomes. A combination of observations, discuss...
Factors Affecting Construction Labor Productivity In Peshawar Khyber Pakhtunkhwa (KPK) Pakistan
Labor productivity is at forefront of concerns facing professionals in construction industry worldwide. Construction industries play a leading role in economic growth for countries all around the world. This study highli...
Political Accountability In Botswana’s Liberal Democracy: A Critical Appraisal
Botswana has been regarded as a frontrunner in democratic practice and good governance, yet accountability, which is one of the cornerstones of a liberal democracy, is in a deficit. While on one hand Batswana express pop...