Agricultural Journal

Year: 2011
Volume: 6
Issue: 3
Page No. 74 - 81

Farmers Credit Reserve and the Success of Microfinance Institutions in Cross River State, Nigeria

Authors : Emmanuel O. Eyo and Innocent A. Asuquo

Abstract: This study assesses credit reserve of crop farmers in Cross River state and the determinants of its use in obtaining loans from the microfinance institutions. The study reveals that the crop farmers use only about 9.0% of their reserves on the average in obtaining loans. However, farm size and education are the most important determinants of the extent that the crop farmers allocate more credit to loans. For the microfinance institutions to improve outreach and performance, farm size and education enhancing programs must be introduced to compel the farmers to allocate more credit in reserve to loan.

How to cite this article:

Emmanuel O. Eyo and Innocent A. Asuquo, 2011. Farmers Credit Reserve and the Success of Microfinance Institutions in Cross River State, Nigeria. Agricultural Journal, 6: 74-81.

Design and power by Medwell Web Development Team. © Medwell Publishing 2021 All Rights Reserved