Factors influencing small-scale farmers' participation in informal financial markets in Mafikeng Municipality.

摘要

This study examined the participation of small-scale farmers in informal financial market by investigating socio-economic characteristics, constraints and attitudes of small-scale farmers towards participation in informal financial markets. Structured questionnaire was used to collect data, which was analyzed with Statistical Package for the Social Sciences (version 18) using frequency counts, percentages and multiple regression. It was found that friends, relatives and burial stockvels were the most popular informal financial markets among farmers. Number of household (t=2.491), years in farming (t=-2.521) and membership with a farmers group (t=0.030) significantly influence participation in informal financial markets, whereas gender (t=1.947) and sources of labour (t=-2.089) influence attitude of farmers towards informal financial markets. An increase in the amounts of money loaned out in informal financial markets would increase participation.