Assessment of Loan Repayment Capacity of Cooperative Farmers in Bayelsa State, Nigeria
DOI:
https://doi.org/10.53555/nnbma.v3i3.64Keywords:
Assessment, Loan Repayment Capacity, Cooperative FarmersAbstract
The study assessed loan repayment capacity of cooperative farmers in Bayelsa State between 2009 and 2014. It specifically examined the socio-economic profile of the cooperative farmers, estimated the rate of loan repayment by borrowers and determined the loan recovery strategies of the farmers’ cooperatives societies. A multistage sampling technique was used to select 200 respondents in the study area. Structured questionnaire and interview schedule were used to obtain data from the respondents. Data were analyzed using percentages, means, multiple regression, loan repayment indices, t-test and F-test. The result showed that 80% of the loans granted to the beneficiaries were repaid back while 19.84% of the borrowers had their loan outstanding. Farm size and years of cooperative membership were found to have a positive effect on loan repayment capacity. The amount of loan received and net farm income recorded positive t-value and was statistically significant. It was recommended that farmers be encouraged to join cooperative societies so as to take advantage of economies of scale.
References
Adekunle, O. A., Oladipo, L. L., and Fatoye, R. S. (2009).’Constraints to Youth’s Involvement in Agricultural Production in Kwara State, Nigeria’. Journal of Agric Extension, 13(1): 102-108.
Afolabi, J. A. (2010). ‘Analysis of Loan Repayment among Small Scale Farmers in Oyo State, Nigeria’. Journal of Social Science, 22(2): 115-119).
Akpan, S. B. (2010). ‘Encouraging Youths’ Involvement in Agricultural Production and Processing: Nigeria Strategy Support Programme. Policy Note No. 29 International Food Policy Research Institute
Anigbogu, T. U., Onugu, C. U., Onyeugbo, B. N. and Okoli, M. I. (2014) ‘Determinant of Loan Repayment Among Cooperative Farmers in Akwa North L.G.A. of Anambra State, Nigeria’ European Scientific Journal 22(10) 168 - 190
Dadson, A. (2012). Determinants of Loan Repayment Default Among Farmers in Ghana. Department of Agricultural Economics, Agribusiness and Extension, Kwame Nkrumah University of Science andTechnology, Kumasi, Ghana.
Idoge, D. A. (2013) ‘Regionalising Loan Repayment Capacity of Small Holder Cooperative Farmers in Nigeria: Exploring South – South Nigeria’ Journal of Biology, Agriculture and Healthcare 3(7) 176- 183
National Population Commission ‘NPC’ (2006). Human Population Figures of 2006 Census in Nigeria.
Nwachukwu, I. N., Alamba, S. C. and Oko-Isu, A. (2010). Determinants of Institutional Credit Repayment Performance Among Farmers in Afikpo North L.G.A. of Ebonyi State, Nigeria. Department of Agribusiness and Management, Michael Okpara University of Agriculture, Umudike, Abia state, Nigeria.
Ojiako, I. A., Ifeanyi, A. and Ogbukwa, B. C. (2012). Economic Analysis of Loan Repayment Capacity of Small Holder Cooperative Farmers in Yewa North Local Government Area of Ogun State, Nigeria. Journal of Agricultural Research, 7(13): 2051-2062.
Okwoche, V. A., Asogwa, B. C. and Obinne, P. C. (2012). Evaluation of Agricultural Credit Utilization by Cooperative Farmers in Benue State of Nigeria. European Journal of Economics and AdministrativeScience 47: 123-133.
Oladeebo, J. O. and Oladeebo, O. E. (2008). Determinants of Loan Repayment among Smallholder Farmers in Ogbomoso Agricultural Zone of Oyo State, Nigeria. Journal of Social Science, 17(1): 59-62.
Olagunju, F. I. and Adeyemo, R. (2007). Determinants of Loan Repayment Decision among Smallholders Farmers in Southwestern Nigeria. Pakistan Journal of Social Sciences, 4(5): 677-686.
Olayide, S. O. (1980). Characteristics Problems and Significance of Small Farmers in Nigeria – Problems and Prospects. In S. O. Olayide, J. A. Eweka, V. E. Bello-Osagie (eds.): Nigerian Small Farmers. Ibadan: CARD Publisher. Pp. 43-52.
Udoh, E. J. (2008). Estimation of Loan Default among Beneficiaries of a State Government Owned Agricultural Loan Scheme, Nigeria. Journal on Central European Agriculture, 9(2): 343-352.
Ugbomeh, G. M., Achoja, F. O., Ideh, V., and Ofuoku, A. U. (2008). Determinants of Loan Repayment Performance Among Women Self Help Groups in Bayelsa State, Nigeria. Agriculturae Conspectus Scientificus, 73(3):189-195.
Ukaru, A. O., Uzokwe, U. N. and Ideh (2006). Comparative Analysis of Cooperative and Non-Cooperative Fish Farmers in the Central Agro-ecological Zone of Delta State, Nigeria. Extension Farming System Journal 2(1): 97-104.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
Terms & Condition
Submission -
Author can submit the manuscript through our online submission process or email us at the designated email id in contact details.
The other mode of submission not accepted than online and email.
Before submission please read the submission guidelines.
NN Publication accepts only article submitted in pdf/doc/docx/rtf file format. Another format except given file formats will no be considered .
Author will be responsible for the error mistakes in the submission files. The minor changes can be done without any cost after publication. But for major changes NN Publication may charges you the editing charges.
Publication (Online) -
The online publication is scheduled on last date of every month, but it can be delayed by 24 to 48 hours due to editorial process if huge number of articles comes to publish in single issue.
Automatic notification email will be sent to the all users on publication of an issue, so its author’s duty to check their email inbox or SPAM folder to get this notification.
After publication of article author can not withdraw their article.
If editor’s found any issue after publication of article then the NN Publication have the authority to remove the article from online website.
No refund will be provided after online publication of article.
Publication (Print) -
The print copy publication are sent as per the author’s request after 2 weeks of online publication of that issue.
NN Publication will ship the article by India Post and provide the consignment number on dispatch of print copy.
NN Publication follows all the guidelines of delivery provided by India Post and hence not responsible for delay in delivery due to any kind of reasons.
Refund of hard copy will not be provided after dispatch or print of the journal.
NN Publication will be responsible for raise a complain if there is any issue occurs in delivery, but still will not be responsible for providing the refund.
NN Publication will be responsible to resend the print copy only and only if the print copy is lost or print copy is damaged in delivery / or there is delay more than 6 months.
According to India Post the delivery should be completed with in 1-3 weeks after dispatch of articles.
Privacy Policy-
NN Publication uses the email ids of authors and editors and readers for sending editorial or publication notification only, we do not reveal or sell the email ids to any other website or company.
