ABSTRACT
Microcredit plays a crucial role in
the improvement of farmers' productivity. The availability of credit can
motivate the farmer to use and apply modern technologies, and procure input for
farm use, thus leading them to a greater level of productivity and increasing
their income. The main objective of this study was to determine the effect of
microcredit on the productivity of farmers in Ikot Abasi Local Government Area,
Akwa Ibom State, Nigeria. A total of 60 respondents were selected randomly
using multi-stage sampling technique. Data were collected using a well
structured questionnaire. The socio-economic characteristics, various
microcredit sources and problems of securing microcredit were analyzed using
descriptive statistics such as percentages and frequencies. The OLS multiple
regression technique was used to analyze the effect of microcredit on the
productivity of farmers. From the result obtained, it was reviewed that
interest rate (Xi), age (X2), sex (X3), volume of loan (X4), level of education
(X7) and farm size (X9) were statistically significant and important whereas,
farming experience (X5), membership to cooperative society (Xó) and house hold
size (X8) were not significant. The findings revealed that farmers that had
access to microcredit realized high agricultural productivity compared to
farmers with no access to credit facilities, this is partly because access to
credit helps farmers in accessing market to agricultural commodities, use of
inputs, and adoption of improved farming technologies
UTOIT, U (2021). Effect Of Microcredit Scheme On Productive Of Farmers In Ikot Abasi Local Government Area Of Akwa Ibom State, Nigeria.. Mouau.afribary.org: Retrieved Nov 24, 2024, from https://repository.mouau.edu.ng/work/view/effect-of-microcredit-scheme-on-productive-of-farmers-in-ikot-abasi-local-government-area-of-akwa-ibom-state-nigeria-7-2
UFOT, UTOIT. "Effect Of Microcredit Scheme On Productive Of Farmers In Ikot Abasi Local Government Area Of Akwa Ibom State, Nigeria." Mouau.afribary.org. Mouau.afribary.org, 05 Aug. 2021, https://repository.mouau.edu.ng/work/view/effect-of-microcredit-scheme-on-productive-of-farmers-in-ikot-abasi-local-government-area-of-akwa-ibom-state-nigeria-7-2. Accessed 24 Nov. 2024.
UFOT, UTOIT. "Effect Of Microcredit Scheme On Productive Of Farmers In Ikot Abasi Local Government Area Of Akwa Ibom State, Nigeria.". Mouau.afribary.org, Mouau.afribary.org, 05 Aug. 2021. Web. 24 Nov. 2024. < https://repository.mouau.edu.ng/work/view/effect-of-microcredit-scheme-on-productive-of-farmers-in-ikot-abasi-local-government-area-of-akwa-ibom-state-nigeria-7-2 >.
UFOT, UTOIT. "Effect Of Microcredit Scheme On Productive Of Farmers In Ikot Abasi Local Government Area Of Akwa Ibom State, Nigeria." Mouau.afribary.org (2021). Accessed 24 Nov. 2024. https://repository.mouau.edu.ng/work/view/effect-of-microcredit-scheme-on-productive-of-farmers-in-ikot-abasi-local-government-area-of-akwa-ibom-state-nigeria-7-2