IDEAS home Printed from https://ideas.repec.org/a/ags/ajaees/357785.html

Relationship between Rural Finance Institution Services and Standard of Living of Rural Farming Households in Anambra State, Nigeria

Author

Listed:
  • Anunobi, Chizoba P.
  • Nwankwo, Nneamaka O. T.
  • Obi-Nwandikom, Cynthia

Abstract

This study aimed at examining the relationship between Rural Finance Institution (RUFIN) services and standard of living of rural farming households in Anambra State, Nigeria. The study specifically ascertained the RUFIN credit services rendered to the rural households, compared the rural households’ standard of living before and after accessing RUFIN credit services and identified the challenges faced by the rural households in accessing the services of RUFIN. The method of judgmental sampling technique was used in selecting 367 farming household heads that benefitted from RUFIN credit services in Anambra State. Data collected were analyzed using descriptive statistics while ANOVA was used to test the hypothesis. Results showed that majority of the RUFIN services were accessible to rural farming households, the rural households were operating at a very high extent and high extent in almost all aspects of their livelihood after benefitting from RUFIN credit delivery services. It is recommended that Rural Finance Institution services should give more attention to monitoring and supervision of credit utilization among farming households.

Suggested Citation

  • Anunobi, Chizoba P. & Nwankwo, Nneamaka O. T. & Obi-Nwandikom, Cynthia, 2020. "Relationship between Rural Finance Institution Services and Standard of Living of Rural Farming Households in Anambra State, Nigeria," Asian Journal of Agricultural Extension, Economics & Sociology, Asian Journal of Agricultural Extension, Economics & Sociology, vol. 38(3).
    • Handle: RePEc:ags:ajaees:357785
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/357785/files/Anunobi3832020AJAEES55423.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Imai, Katsushi S. & Arun, Thankom & Annim, Samuel Kobina, 2010. "Microfinance and Household Poverty Reduction: New Evidence from India," World Development, Elsevier, vol. 38(12), pages 1760-1774, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hong Sun & Xiaohong Li & Wenjing Li, 2020. "The Nexus between Credit Channels and Farm Household Vulnerability to Poverty: Evidence from Rural China," Sustainability, MDPI, vol. 12(7), pages 1-18, April.
    2. Katsushi S. Imai & Raghav Gaiha & Ganesh Thapa & Samuel Kobina Annim, 2013. "Financial Crisis In Asia: Its Genesis, Severity And Impact On Poverty And Hunger," Journal of International Development, John Wiley & Sons, Ltd., vol. 25(8), pages 1105-1116, November.
    3. Wang, Maolin & Lin, Huiting & Huang, Yehua & Lu, Huiyan, 2023. "Poverty alleviation and firm productivity: Evidence from China's minimum wage system," International Review of Financial Analysis, Elsevier, vol. 87(C).
    4. Zhuo, Yubo & Wu, Zheng & Wang, Shuyi & Wang, Xinxin, 2020. "Sustainable Development Model of China’s Rural Financial Inclusion and its Effects: A Case Study of Yueqing Rural Commercial Bank," 2020 Annual Meeting, July 26-28, Kansas City, Missouri 304416, Agricultural and Applied Economics Association.
    5. You, Jing, 2013. "The role of microcredit in older children’s nutrition: Quasi-experimental evidence from rural China," Food Policy, Elsevier, vol. 43(C), pages 167-179.
    6. Ang, James & Yan, Zhenli & Xiao, Tusheng & Yuan, Chun & Wang, Jingfang, 2024. "Impact of Fintech on labor allocation efficiency in firms: Empirical evidence from China," Global Finance Journal, Elsevier, vol. 62(C).
    7. Eric Ofori & Gabriel S Sampson & Jessie Vipham, 2019. "The effects of agricultural cooperatives on smallholder livelihoods and agricultural performance in Cambodia," Natural Resources Forum, Blackwell Publishing, vol. 43(4), pages 218-229, November.
    8. Christian Ambrosius & Barbara Fritz & Ursula Stiegler, 2014. "Remittances for Financial Access: Lessons from Latin American Microfinance," Development Policy Review, Overseas Development Institute, vol. 32(6), pages 733-753, November.
    9. Boou Chen & Chunkai Zhao, 2021. "Poverty reduction in rural China: Does the digital finance matter?," PLOS ONE, Public Library of Science, vol. 16(12), pages 1-27, December.
    10. Ogundari, Kolawole & Bolarinwa, Olufemi D., 2018. "Impact of agricultural innovation adoption: a meta-analysis," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 62(2), April.
    11. Mathilde Maîtrot & Miguel Niño-Zarazúa, 2017. "Poverty and wellbeing impacts of microfinance: What do we know?," WIDER Working Paper Series 190, World Institute for Development Economic Research (UNU-WIDER).
    12. Asad K. Ghalib & Issam Malki & Katsushi S. Imai, 2012. "Microfinance and its role in household poverty reduction: findings from Pakistan," Global Development Institute Working Paper Series 17312, GDI, The University of Manchester.
    13. Anurag Priyadarshee & Asad K. Ghalib, 2011. "The Andhra Pradesh microfinance crisis in India: manifestation, causal analysis, and regulatory response," Global Development Institute Working Paper Series 15711, GDI, The University of Manchester.
    14. Michael Danquah & Abdul Malik Iddrisu & Peter Quartey & Williams Ohemeng & Alfred Barimah, 2021. "Rural financial intermediation and poverty reduction in Ghana: A micro‐level analysis," Poverty & Public Policy, John Wiley & Sons, vol. 13(4), pages 316-334, December.
    15. Isaac Koomson & Abdallah Abdul-Mumuni & Anthony Abbam, 2021. "Effect of financial inclusion on out-of-pocket health expenditure: empirics from Ghana," The European Journal of Health Economics, Springer;Deutsche Gesellschaft für Gesundheitsökonomie (DGGÖ), vol. 22(9), pages 1411-1425, December.
    16. Katsushi S. Imai & MD. Shafiul Azam, 2011. "Does Microfinance Reduce Poverty in Bangladesh? New Evidence from Household Panel Data," Journal of Development Studies, Taylor & Francis Journals, vol. 48(5), pages 633-653, October.
    17. Al-Azzam, Moh’d & Charfeddine, Lanouar, 2022. "Financing new entrepreneurship: Credit or microcredit?," Economics Letters, Elsevier, vol. 216(C).
    18. Vu Ha Thu & Daisaku Goto, 2020. "Does Microfinance Improve the Household Welfare of Ethnic Minorities? Evidence from Bac Kan Province, Vietnam," Progress in Development Studies, , vol. 20(1), pages 65-83, January.
    19. Mst. Asma Khatun & Farjana Misu & Mohammad Amirul Islam & Sheikh Mohammad Sayem, 2022. "Relationship between Poverty and Food Security: Empirical Evidence from the Enclave Area of Rural Bangladesh," Indian Journal of Human Development, , vol. 16(3), pages 448-467, December.
    20. Imai, Katsushi S. & Gaiha, Raghav & Thapa, Ganesh & Annim, Samuel Kobina, 2012. "Microfinance and Poverty—A Macro Perspective," World Development, Elsevier, vol. 40(8), pages 1675-1689.

    More about this item

    Keywords

    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:ajaees:357785. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://journalajaees.com/index.php/AJAEES/index .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.