Appraisal Of The Problems Faced By Small Farm Holders In Accessing Loan Facilities

Appraisal Of The Problems Faced By Small Farm Holders In Accessing Loan Facilities

Abstract

This work is designed to examine the problems faced by small ranch holders in penetrating loan installations in Ovia North East Local Government Area of Edo State. The experimenter examined the part of marketable banks in backing husbandry in Edo State. Recommend conduct were made to resolve the problems faced by small ranch holders in penetrating loan installations in Ovia North Original Government Area of Edo State questionnaires were designed in such a way to be suitable to evoke unprejudiced response from repliers. The questionnaire designed for this study was divided into two parts. There were questions meant for the entire repliers, while others are meant for the replier who have attained loan under the husbandry credit installations scheme.

Table Of Content

Chapter One

Preface

Background to the study

Intention Of The Study

Purpose of study

Statement of problem

Research question

Limitation question

Description Of Terms

Chapter Two

Literature review

Chapter Three

Exploration Methodology

Population

Sample/ Sample procedure

Instruction of data collection

Confirmation Of The Instruction

System of data collection

System of data analysis

Chapter Four

Donation And Discussion Of Results

Discussion of findings

Chapter Five

Conclusion, recrimination and recommendation

Counter Accusations Of Findings

Suggestions of farther exploration

Recommendations

Reference

Questionnaires

Chapter One

Preface

Background To The Study

growers need productive coffers and these coffers are acquired with possessed or espoused fund. Agricultural is veritably important to the frugality of must developing countries of the world and because of this, a force of acceptable finance is essential for public well- being. Since husbandry is the reverse- bone of Nigeria frugality furnishing employment to about 70 of its population yet this important sector has suffered neglect since the oil painting smash days. Agriculture has completely declined since the early 1970s Nigeria import crops similar as groundnut, oil painting win and cocoa have suddenly faded and the country is net importer of food crops. Agriculture recorded growth rate in 1975 at about2.6 while the population grew at about 70 compared to57.7 in 1993. The small scale growers according to the National Agriculture Policy Document of Nigeria( NAPDN) constitute over 90 of the food and fiber demand of Nigeria on the other hand 1 of growers out put in Nigeria. But tend to have lesser access to growers inputs including credit or loans.

Statement Of The Problem

This study is to probe and dissect the problems associated with carrying credit backing husbandry product in Edo State it would be seen that numerous problem arise substantially are problems encountered by the growers in the area.

The incapability of the growers to meet up with the contributory security needed. By the marketable bank is a major problem hindering husbandry sector. This is as a result of growers to deposit the contributory security before carrying credit for husbandry development.

High interest rate is another factor that discourages growers from carrying credit in utmost marketable banks, payment of interest involve when fund is espoused.

The low educational background of the growers also constitutes interference in carrying agrarian credit.

The regulatory process involved in the process of carrying credit or loans for agrarian purpose haven’t being encourage on the part of the growers.

Credit installations aren’t fluently accessible to small ranch holders. It isn’t that the experimenter intends to identify some of the hindering factor in order to proffer result.

Purpose Of The Study

The main purpose of this study is to find the major problems of carrying credit of loans for backing agrarian product in Nigeria with particular reference to Edo State. The objects of the studies are.

To identify the problem militating against acceptable backing of husbandry.

To enumerate and dissect the husbandry credit entitlement to growers in recent times.

To find out how important the marketable bank have helps in backing husbandry.

To look at how husbandry has developed in Edo State.

To produce mindfulness of the problem posted by agrarian backing crunches.

To probe how these problems can be dived .

Significance Of The Study

This exploration study will be important to that unborn experimenter in the frugality and agrarian wisdom who would like to use it as reference accoutrements or for farther disquisition.

The study is to produce mindfulness to growers in Edo State, the reason of low agrarian product and also to bring to the notice of the general public loans for backing agrarian product in the position.

It’ll form a good base to the government for the expression of programs. To serve as stimulant to those growers in the area of study.

Exploration Question

Some questions to be dived in the course of this study have been raised.

Is collateral security a problem of carrying credit from marketable bank?

Does high interest increase the prevalence of bad debts?

Does educational background hamper the capabilities of carrying credit?

Is a credit installation accessible for small ranch holders?

Does regulatory process pose a lot of problem in carrying loan to growers?

Compass Of The Study

The study is aimed at furnishing detailed knowledge and understanding of the operation function and to determine the problems of carrying loans for backing agrarian product in Edo State through the Federal Government Agricultural Credit Guarantee Scheme( FGACGS) set up since 1977 with the view of furnishing useful suggestion to ease the problem of husbandry development in Nigeria it’s directed towards the operation of problems attained for backing husbandry view of this further emphasis will be placed in the success of credit installations advancing procedure as a criteria of dimension.

The performance of the marketable banks in the regard will be assessed by using the present planter’s areas to the agrarian credit installations as well as the interference which the small ranch holders face in carrying loans from fiscal institutions.

Description Of Terms

CREDIT This is the process of carrying control over the use of plutocrat, goods and services with pledge to repay at a unborn data.

AGRARIAN FINANCE This means way and means by which a planter obtains the entire necessary fund needed in order to accomplish agrarian product.

INTEREST This means the price paid for the use of espoused plutocrat and is generally expressed as a present on annuals base.

COLLATERAL This means anything offered as a promised of loan prepayment to be given to a lender in case of remitment.