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Factors affecting farmers access to agricultural loans in Anambra state: an econometric analysis

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  • Nwanko, Frank

Abstract

This study was designed to examine the extent to which farmers have benefited from loans/credit activities of commercial banks in.Anambra Agricultural Zone of Anambra State, as well as analysing the factors affecting accessibility of credit/loans. To do that, two sets of questionnaires were designed and administered to 64 small-scale farmers and six officials of_ the two banks in the Anambra Agricultural Zone of the state, to -gather information and relevant data for study. The small-scale farmers and bank officials were also interviewed to licit more information on the claims and counter_x0002_claims on both sides. Simple descriptive tools and econometrics method were used to analyze the data collected and to examine the impact of certain socio~economic and other variables on loan/credit received. Access to bank loans in the area was found to depend largely on ability of the applicant to provide collateral security. Age, marital status, crop type, · and income are also found to be important and significant determinants.of access to agricultural loan in the Zone.

Suggested Citation

  • Nwanko, Frank, 2007. "Factors affecting farmers access to agricultural loans in Anambra state: an econometric analysis," 2007 Annual NAAE Conference, November 5-8, Bauchi, Nigeria 329364, Nigerian Association of Agricultural Economists.
    • Handle: RePEc:ags:naae07:329364
    DOI: 10.22004/ag.econ.329364
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    References listed on IDEAS

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    1. Zeller, Manfred, 1994. "Determinants of credit rationing: A study of informal lenders and formal credit groups in Madagascar," World Development, Elsevier, vol. 22(12), pages 1895-1907, December.
    2. Rosemary Atieno, 2001. "Formal and informal institutions’ lending policies and access to credit by small-scale enterprises in Kenya: An empirical assessment," Working Papers 111, African Economic Research Consortium, Research Department.
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