Estimating farmers patronage level of informal credit in Imo State: Implication for efficient formal and informal financial linkage and rural development

Resource poor farmers in Nigeria are faced with low productivity due to lack of access to improved farm inputs as credit facilities to acquire them were beyond the reach of rural farmers. Therefore, low agricultural productivity in Imo State is blamed on poor grassroot financial development. Farmers...

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Veröffentlicht in:African journal of agricultural research 2013-12, Vol.8 (49), p.6439-6445
Hauptverfasser: Ehirim, N C, Oguoma, N N O
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description Resource poor farmers in Nigeria are faced with low productivity due to lack of access to improved farm inputs as credit facilities to acquire them were beyond the reach of rural farmers. Therefore, low agricultural productivity in Imo State is blamed on poor grassroot financial development. Farmers are caught between maginalization and clumsy, costly and grossly inefficient credit delivery system. An efficient informal credit patronage that engenders informal-formal credit linkage system in Imo State was investigated.
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source Elektronische Zeitschriftenbibliothek - Frei zugängliche E-Journals
subjects Agricultural Economics
Agricultural Production
Credit
Economics
Farmers
Financial institutions
Informal sector
Patronage
Research methodology
Rural Development
Statistical analysis
Studies
title Estimating farmers patronage level of informal credit in Imo State: Implication for efficient formal and informal financial linkage and rural development
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