Determining Factors of Credit Rating of Fish Farmers Cooperative Societies Evidence from Nigeria

Achoja Felix Odemero
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Achoja Felix Odemero: Department of Agricultural Economics and Extension, Delta State University, Nigeria

Oceanography & Fisheries Open Access Journal, 2020, vol. 12, issue 1, 13-20

Abstract: The determining factors of credit rating of fish farmers’ cooperative societies were investigated in Nigeria. Random selection of 180 respondents was achieved with the use of multi–stage sampling method. Primary data were elicited using structured questionnaire. Collected data were subjected to analysis with the use of descriptive and inferential statistics. Result shows that fish farmers’ credit rating was 56%. Furthermore, income of fish farmers and the revenue base of cooperative societies are important predictors of credit rating in cooperative societies. Majority of the surveyed fish farmers’ cooperative societies possessed excellent capacity to repay loans to financial institutions, sustained profile of revenue growth, capacity to generate annual surplus, high investment in capital assets and good credit rating reports from creditors. The paper recommended that credit institutions should extend credit to fish farmer cooperators based on their good credit worthiness status. The current study has deepened our knowledge on the methodology for determining credit rating of fish farmers’ cooperative society

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Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:adp:jofoaj:v:12:y:2020:i:1:p:13-20

DOI: 10.19080/OFOAJ.2020.12.555829

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