Repayment Performance of Rural Farmers Loan Beneficiaries of Microfinance Banks in Kogi State, Nigeria (2005 – 2010)
Journal Title: International Journal of Farming and Allied Sciences - Year 2013, Vol 2, Issue 5
Abstract
The study assessed the repayment performance of rural farmer’s loan beneficiaries of Microfinance Banks in Kogi State, Nigeria, using primary and secondary data. Two hundred and forty respondents were sampled, using the multi-stage random sampling. Statistical and econometric techniques such as means, percentages and regression were used for the analysis. Empirical results revealed that, volume of loan borrowed, Annual Household income and size of farm affected repayment by beneficiaries and were significant at P≥0.01. The mean age, years spent in school, household size, farming experience, farm size, and farm income were found to be 44years, 13years, 8persons, 34.5years, 3.45ha and N75,000 respectively. The mean loan repayment performance of respondents for all the agricultural enterprises was found to be 88.96%. To achieve a better repayment performance, group lending and credit delivery method now a common features of Microfinance credit delivery should be encouraged and sustained.
Authors and Affiliations
M. Abula , J. O. Otitolaiye, S. J. Ibitoye, and J. S. Orebiyi
Keywords
Related Articles
- EP ID EP32265
- DOI -
- Views 478
- Downloads 0
Storage roots analysis of four radish (Raphanus sativus L. var. sativus) cultivars storage roots grown in controlled cabinets under varying temperatures and irrigation levels
Topsi, Famox F1, Corox F1, and Altox F1 radish cultivars grown in controlled continuous 20 and 12oC cabinets and they subjected to 0, 33, 66, and 100% depletion of peat moss available water capacity (AWC). The objectiv...
Software Programs for analyzing genetic diversity
Initial selection and individual selection is basic in genetic diversity studies of vast populations. The selection can be done by some molecular techniques like molecular marker .This will be resulted in saving time a...
Effect of the kind of nitrogen fertilizer on the performance of host plant sunflower (Helianthurn annuas L.) in presence of parasite plant (Orobanche aegyptiaca)
In order to evaluate the effects of kind and amount of nitrogenous fertilizers on control of broomrape in prescience of sunflower as host plant a factorial experiment in randomized block design with 4 replication in Az...
Determine of Energy indicators and Modeling of output energy for alfalfa production using artificial neural network in Lorestan province of Iran
The aim of this study was to examine energy use pattern and predict the output yield for alfalfa production in Lorestan province of Iran. The data used in this study were collected from growers by using a face to face...
Combined effects of zeolite, humic acid and potassium sulphate on yield and qualitative characters of potato (Solanum tuberosum L.)
In order to study the effects of zeolite in the integrative consumption with chemical fertilizers on nutrient uptake and qualitative traits of potato (Solanum tuberosum L.), an experiment was conducted at Aliabad-Basta...