International records / OpenAlex research

Determinants of credit rationing among rural farmers in developing areas

Purpose The purpose of this paper is to model credit rationing among farmers in rural developing areas, based on micro level data of Kano State, Nigeria. Design/methodology/approach A total of 835 households and 45 microfinance banks were utilized as the samples of the study which were selected using multi-stage stratified sampling technique. Multinomial logit model was used to estimate the factors that determine credit rationing among the rural farmers in Nigeria. Findings The result of the discrete choice model shows that farmers who are either being engaged in subsistence farming or trading…