@article{Nwali:343421,
      recid = {343421},
      author = {Nwali, Collins Sunday  and Amuwah, Victor Onuorah and  Agude, Terngohol and Sheleru, Kehinde Mustapha},
      title = {Determinants of Agropreneurs Accessibility to Credit  Sources in Egbeda Local Government Area of Oyo State},
      journal = {Nigerian Agricultural Policy Research Journal (NAPReJ)},
      address = {2023-06-12},
      number = {2237-2024-3182},
      month = {Jun},
      year = {2023},
      abstract = {This study was conducted to ascertain the determinant of  Agropreneurs accessibility to credit sources in Egbeda  Local Government Area of Oyo State. Specific objectives of  this study were designed to; described the socio economic  characteristics of Agropreneurs, identified the credit  sources among Agropreneurs, identified the Agropreneurs  ventures existing, determined the demand for business loan  for Agropreneurs, examined the factors that influence  Agropreneurs participation in credit market in the study  area and determined the factors militating against access  to credit by Agropreneurs in the study area, Multi stage  sampling technique was used to select 120 respondents for  this study. Questionnaires were used to elicit information  from the respondents. Both descriptive and inferential  statistics were used to achieve the objectives of the  study. The results on socio economic characteristics of the  respondents showed that 34.2% of the respondents were  within the age of 31-40 years, majority (76.7%) of the  respondents were married, above average (55.8%) were  Christians, above average (58.3%) were male, half (55.0%)  of the respondents had tertiary education, most (65.8%) of  the respondents had 1-5 household members, average (50.0%)  of the respondents had farming as their secondary  occupation, majority (86.7%) were member to cooperative  society, 40.8% of the respondents had 11 and above years of  experience, majority (56.7%) of the respondents had no  access to extension services. The result on credit sources  among Agropreneurs further revealed that personal savings  (95.0%) was major respondents sources of credit, results on  Agropreneurs ventures existing showed that livestock feed  business(93.3%) was the most Agropreneurs ventures existing  in the study area and interest rate (74.2%) the major  factor that influence Agropreneurs accessibility to credit  source. Also, majority (86.7%) demanded for N151,000 and  above. Results on factors militating against access to  credit by Agropreneurs showed that strict terms and  condition of the financial institution (mean=2.34) and fear  of risk (mean=2.29) were the very serve factors militating  against access to credit by Agropreneurs. The results of  the hypothesis showed that there were significant  relationship between the socio economic characteristics of  the respondents and their demand for business loan by  Agropreneurs in the study area with R2 of . From the  finding of this study, it is recommended that; financial  institution should reduce their strict terms and conditions  as this will enable the Agropreneurs to acquire credit they  need for their business.},
      url = {http://ageconsearch.umn.edu/record/343421},
      doi = {https://doi.org/10.22004/ag.econ.343421},
}