Determinants of loan acquisition from the financial institutions by small-scale farmers in Ohafia Agricultural zone of Abia State, South East Nigeria

摘要

The study was designed to analyse the determinants of loan acquisition from financial institutions by small-scale farmers in Ohafia Agricultural zone of Abia state, South East Nigeria. Data were collected with structured questionnaire from 100 randomly selected farmers. Data were analyzed using simple descriptive statistics and multiple regression models. Results show that, the farmers committed their loans to agricultural production and only a few divert their loans. Factors influencing the amount of loan disbursement by financial institutions are age of the farmers, level of education, farming experience and farm size. Financial institutions are encouraged to disburse more loans to farmers to improve their income and alleviate household poverty in the state.