AKSU Journal of Agricultural Economics, Extension and Rural Development
ISSN(Online): 2736-0040 ISSN(Print): 2695-1975
ISSN(Online): 2736-0040 ISSN(Print): 2695-1975
Abstract
The study examined the determinants of access to credit among men and women farmers in Delta State,
Nigeria. Primary data were collected from 120 farmers and analyzed using descriptive and inferential
statistics. The result showed that the mean age was 49 and 47 years, respectively for men and women;
the mean farm size was 2.1ha for the men and 1.7ha for the women; 68.3% of the men and 53.3%
women had good education with a mean educational level of 12 years; and majority (53.3%) of the men
and 73.3% of the women had between 21-30 years farming experience. Also, the result shows that while
36.67% of the men sourced their credit from cooperative societies, 33.3% of the women indicated Isusu
as their major source of credit facility. The determinants for credit access for the men were; experience,
loan repayment and interest rate which were significant at p<0.05; while the determinants of credit
access for the women were; experience, household size and mandatory savings which were also
significant at p<0.05. Based on the findings of the study, it is recommended that there should be
sensitization of farmers on the need for them to improve further on their application for credit in formal
financial institutions. Also, the informal credit institutions that were mostly patronized by the farmers
should be strengthened through partnerships with government and other formal institutions, this will
enable flexibility and ease of credit flows to the farmers without much emphasis on collateral.