The study focused on the investigation of factors affecting loan repayment performance among members of Cooperative Thrift and Credit Societies in Yewa North Local Government Area of Ogun State. The study drew a sample of hundred and four smallholder agricultural credit users who are members of Cooperative Thrift and credit society identified through a multi stage random sampling techniques. Relevant information on socioeconomic characteristics, sources of loan preferred, payback period, factors affecting loan repayment of cooperators and constraints in obtaining loan were collected using structured questionnaires with personal interview and data collected were analyzed using descriptive statistics and multiple regressions. The results of the study revealed that a total of 78.8 percent of the respondents was within the age range of 31-60 years showing that majority of the respondents are within their active and productive ages. The study also revealed that 89.5 percent of the respondents have formal education which facilitates their access to loans through informal sources and with Cooperative Thrift and Credit Societies being the most popular source, and credit was made available and utilized, and cooperators' annual income rose significantly. The results of the regression showed that amount of loan collected by farmers, level of education and year of experience and labor used were the major factors that positively and significantly influence loan repayment. It is therefore recommended that the credit agencies should always endeavour to draw a more convenient disbursement and amortization schedule to conform with economic needs, that is, loan must be adapted to the peculiar needs of the cooperators and repayment condition should be flexible enough to allow for variation and uncertainties in cooperative income.
Cooperatives play an important role in facilitating access to credit, procurement and storage distribution of input and marketing of products. They create employment opportunities particularly in the rural areas and allow disadvantaged groups to be organized for social and economic benefit. This study was conducted in Abeokuta North and Abeokuta South Local Government Areas of Ogun State, Nigeria. Both primary data and secondary data were used for the study. Multi–stage random sample was used to sample 108 cooperative members. Data collected were analysed using descriptive tools, budgetary analysis, logit and multiple regression model. The findings shows that majority (50.9 percent) of the cooperators are male, 77.8 percent were married,59.3 percent were Christians while 98.1 percent were educated.Majority (87.9 percent) had experience ranging from 1 – 10 which is good in business. The total variables cost from business was estimated at N70,983.47, total fixed cost was N276,271 and this accounted for only 79.56 percent of the total cost. Returns on Investment (RRI), Profitability Index (PI), Return on Variable Cost (RRVC) and Operation Ratio (OR) were 181.62%, 0.63, 173.42% and 0.21 respectively. Also some (48.1 percent) of the respondents enjoyed loan benefit, while 40.7 percent enjoyed business improvement benefit.The results showed that start up capital, labour and credit obtained were significant to cooperative members’access to credit. The result revealed that majority (72.2 percent) of the respondents suffered from non-remittance of deduction by the government as their own challenges. The study concluded that cooperative credit societies is very productive and effective in helping members achieving their goals and also improve their standard of living. Cooperatives societies should encourage members in quick accessibility to loan.
This study examined the analysis of savings and investment patterns among rural farming households in Yewa Division of Ogun State, Nigeria. The study was based on primary data obtained in a cross-section of 120 farming households drawn by multi- stage random sampling.Results showed that 44.2% were males with age bracket 31 – 40 years. The famers were mostly married 90.8% and 52.5% practice Islamic religion. The percentage of those that were educated was 64.2% and majority of these farmers (37.5%) had a farming experience of about 6-10years. The income level earned by these farmers was majorly between N20,000.00–N40,000.00 which is approximately (50%) of the entire sampled households.The Regression 2 Analysis of the determinants of savings among the respondents revealed an Adjusted R value of 0.579 which implies that 57.9% of the variation in dependent variable (Y) which is farm output is accounted for by the selection of socio-economic variables (X -X ) included in the model.Evidence from the study shows that 1 8 age, marital status and return on investment are statically significant in determining the investment pattern of the farmers in the survey area. It is therefore recommended that support should be given for the establishment of farm service centres reasonably close to the farmers, through which they may be able to gain access to modern inputs
This study examined farm size and productivity of food crop farmers in Abeokuta North Local Government Area of Ogun State, Nigeria. The study was based on primary data obtained through the use of structured questionnaires. The survey involved a cross section random selection of 112 farming households from the study area. Data were obtained on the socio – economic characteristic of the farming members of the households, mode of land acquisition, parcels of land available for cultivation, total parcels of land cultivated, resources used, cost and outputs of food crops on parcels of land cultivated. The data was analyzed by both descriptive statistics and stochastic frontier model with the level of land fragmentation measured by Simpson index as well as the number of parcel cultivated. It was found that significant evidence exists to show that most farms cultivated in the study area are relatively fragmented which was caused by inheritance mode of land acquisition and this have effect on food crop production. The farm sizes cultivated by farming households have significance effect on output. Hired labour and cost of intermediate materials used have significant effect on the production efficiency of farmers. The finding revealed that most farming households in the study area were found operating relatively on scattered farm land. On the basis of the above findings, it was recommended that Farmers' accessibility to loans should be addressed by government and to establish farm estate, pattern of land holding and also acquisition of more farmland should be addressed for high production efficiency.
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