Socio Economic Determinant factors to Access to credit by Livestock farmers in Ivo Local Government Area of Ebonyi State, Nigeria
| Main Authors: | Ume, S I, Ezeano, C I,, Obiekwe, J N, Gbughemobi, B O |
|---|---|
| Format: | Article eJournal |
| Bahasa: | eng |
| Terbitan: |
, 2018
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| Subjects: | |
| Online Access: |
https://zenodo.org/record/3539791 |
Daftar Isi:
- Analysis of access to credit by livestock farmers in Ivo Local Government Area of Ebonyi State, Ngeria was studied. Specifically, the objectives were to describe the socioeconomic characteristics of the farmers; identify the types of livestock kept by farmers; determine the effect of socio-economic characteristics of farmers’ on their access to credit and identify the constraints to credit access by the farmers in the study area. The objectives I, II and III were realized using descriptive statistics such as percentage and frequency distribution table, objectives IV and V were analyzed using Logistic regression model analysis and Factor analysis respectively.120 farmers were randomly selected from 10 villages in Ivo Local Government Area. The result showed that most of the respondents were old, males, educated, married and had moderate farming experience. Among the selected livestock reared by the farmers were arranged in the order of importance; goats, pig, and sheep. The determinant factors to farmers’ access to credit were off farm income, level of education, farming experience and membership of organization. The problems facing the farmers’ access to credit were lack of collateral security, high interest rate, administrative bottleneck and late disbursement of loan. Based on the findings, the following recommendations were proffered, there is need to give farmers soft loan at reduced interest rate, forms were advised to form cooperative organization for ease access to credit and the need to enhance farmers’ access to education through adult education, workshops and seminars.