International records / OpenAlex research

DOES ACCESS TO MICROCREDIT LEAD TO IMPROVED WELFARE OF HOUSEHOLDS IN RURAL NIGERIA? AN EMPIRICAL EVIDENCE

This study evaluated access to microcredit opportunities among the majority farm households in rural Nigeria. The study specifically identified major sources of microcredit, determined the degree of access to credit and to what extent it has improved rural farmer’s welfare. A multi-stage sampling technique was employed for data collection where a total of 210 rural households were surveyed. Descriptive and inference statistics were employed for data analysis. Four major microcredit sources were identified, however the Ondo State Microcredit Agencies (ODMA) was preferred most as regards its eas…