Assessment of major requirements for accessing credit among paddy farmers in Jigawa state Nigeria

Datti M.I., . and Said R., . and Ismail N.W., . and Abd. Rahman A., . Assessment of major requirements for accessing credit among paddy farmers in Jigawa state Nigeria. pp. 74-79. ISSN 2550-2166

This paper examined major credit requirements of financial institutions in providing credit to paddy farmers of Jigawa state Nigeria. Data were collected in 2019 from three selected paddy farming local government areas of the state. A total of 120 respondents were randomly selected through a multistage sampling technique and a questionnaire. The binary logit model and the marginal effect were applied in the analysis. The results indicated that paddy farmers' educational level family size and guarantor requirements were statistically significant on access to credit with their P-value signifies 0.041 0.06 and 0.000 respectively. While farm size administrative process collateral requirement interest charge and principal repayment duration were insignificant on accessing credit. Failure to address these problems may continue to worsen the Nigerian government's effort on food self-sufficient and poverty alleviation. The study suggests similar research to consider more years to see the impact in the long term. The study further recommends credit providers to modify the guarantor requirement and to delegate a staff who can translate and guide the applicants on how to fill the credit application forms.

Full text available from: Official URL: https://www.myfoodresearch.com/uploads/8/4/8/5/848...

Abstract

This paper examined major credit requirements of financial institutions in providing credit to paddy farmers of Jigawa state Nigeria. Data were collected in 2019 from three selected paddy farming local government areas of the state. A total of 120 respondents were randomly selected through a multistage sampling technique and a questionnaire. The binary logit model and the marginal effect were applied in the analysis. The results indicated that paddy farmers' educational level family size and guarantor requirements were statistically significant on access to credit with their P-value signifies 0.041 0.06 and 0.000 respectively. While farm size administrative process collateral requirement interest charge and principal repayment duration were insignificant on accessing credit. Failure to address these problems may continue to worsen the Nigerian government's effort on food self-sufficient and poverty alleviation. The study suggests similar research to consider more years to see the impact in the long term. The study further recommends credit providers to modify the guarantor requirement and to delegate a staff who can translate and guide the applicants on how to fill the credit application forms.

[error in script]

Item Type:	Article
AGROVOC Term:	Farmers
AGROVOC Term:	Microfinance/credit
AGROVOC Term:	Financial institutions
AGROVOC Term:	Repayment of debts
AGROVOC Term:	Urban farmers
AGROVOC Term:	Small farmers
AGROVOC Term:	Commercial banks
AGROVOC Term:	Credit policies
AGROVOC Term:	Financial policies
AGROVOC Term:	Financing
Depositing User:	Mr. AFANDI ABDUL MALEK
Last Modified:	24 Apr 2025 00:55
URI:	http://webagris.upm.edu.my/id/eprint/10391

Actions (login required)

View Item