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Appraisal Of The Problems Faced By Small Farm Holders In Accessing Loan Facilities
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1.3 PURPOSE OF THE STUDY
The main purpose of this study is to
find the major problems of obtaining credit of loans for financing
agricultural production in Nigeria with particular reference to Edo
State. The objectives of the studies are.
To identify the problem militating against adequate financing of agriculture.
To enumerate and analyze the agriculture credit grant to farmers in recent years.
To find out how much the commercial bank have helps in financing agriculture.
To look at how agriculture has developed in Edo State.
To create awareness of the problem posted by agricultural financing inadequacies.
To investigate how these problems can be tackled.
1.4 SIGNIFICANCE OF THE STUDY
This research study will be important to that future researcher in the
economy and agricultural science who would like to use it as reference
materials or for further investigation.
The study is to
create awareness to farmers in Edo State, the reason of low agricultural
production and also to bring to the notice of the general public loans
for financing agricultural production in the locality.
It
will form a good basis to the government for the formulation of
policies. To serve as encouragement to those farmers in the area of
study.
1.5 RESEARCH QUESTION
Some questions to be tackled in the course of this study have been raised.
Is collateral security a problem of obtaining credit from commercial bank?
Does high interest increase the incidence of bad debts?
Does educational background hinder the potentials of obtaining credit?
Is a credit facility accessible for small farm holders?
Does bureaucratic process pose a lot of problem in obtaining loan to farmers?
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ABSRACT - [ Total Page(s): 1 ]This work is designed to examine the problems faced by small farm holders in accessing loan facilities in Ovia North East Local Government Area of Edo State. The researcher examined the role of commercial banks in financing agriculture in Edo State. Recommend actions were made to resolve the problems faced by small farm holders in accessing loan facilities in Ovia North Local Government Area of Edo State questionnaires were designed in such a way to be able to elicit unbiased response from respo ... Continue reading---