Volume 3 (Issue 1) 2023 Article 17

ABSTRACT:

The determinant of loan repayment and credit worthiness of smallholder rice farmers under Ogige Microfinance bank in Enugu North Agricultural Zone of Enugu State, Nigeria was studied. One hundred and twenty respondents were randomly selected for the study using multi stage random sampling technique. The data for the study were collected using a well-structured questionnaire and interview scheduled. Percentage responses, multiple regression analysis and log it analysis were used to address the objectives of the study. The results of the determinant factors to loan repayment were extension services, educational level and distance from the bank to farmers’ house. Furthermore, the factors that affected loan repayment ability were educational level and distance from bank. In addition, the factors affecting the farmers’ credit worthiness were membership of organization, gender, and distance to the bank, educational level, and age of the farmer. The need to ensure farmers’ access to educational programme’, extension services and off farm income employment is the key for the study.