Open AccessAssessment of major requirements for accessing credit among paddy farmers in Jigawa state, Nigeria
Author(s) -
Maryam Datti,
Roshima Said,
Normaz Wana Ismail,
Anisur Rahman
Publication year - 2021
Publication title -
food research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.218
H-Index - 7
ISSN - 2550-2166
DOI - 10.26656/fr.2017.5(2).339
Subject(s) - collateral , business , government (linguistics) , agriculture , multistage sampling , agricultural science , food security , disbursement , finance , agricultural economics , economics , geography , mathematics , statistics , linguistics , philosophy , environmental science , archaeology
This paper examined major credit requirements of financial institutions in providing creditto paddy farmers of Jigawa state, Nigeria. Data were collected in 2019 from three selectedpaddy farming local government areas of the state. A total of 120 respondents wererandomly selected through a multistage sampling technique, and a questionnaire. Thebinary logit model and the marginal effect were applied in the analysis. The resultsindicated that paddy farmers' educational level, family size, and guarantor requirementswere statistically significant on access to credit, with their P-value signifies 0.041, 0.060,and 0.000, respectively. While, farm size, administrative process, collateral requirement,interest charge, and principal repayment duration were insignificant on accessing credit.Failure to address these problems may continue to worsen the Nigerian government'seffort on food self-sufficient and poverty alleviation. The study suggests similar researchto consider more years to see the impact in the long term. The study further recommendscredit providers to modify the guarantor requirement and to delegate a staff who cantranslate and guide the applicants on how to fill the credit application forms