Determinants of demand and supply of microcredit among fish farmers in Osun state

Ayodeji Damilola Kehinde and Adebayo Simeon Bamire

Journal of Agribusiness and Rural Development, 2023, vol. 67, issue 1

Abstract: With the help of microcredit, a farmer’s way of life could be transformed from one of utter destitution to one of greater dignity. For the poor and disadvantaged, especially rural farmers, it unlocks potential and increases productivity and well-being. This study investigated the determinants of demand and supply of microcredit among fish farmers in Osun State. A multi-stage sampling procedure was used to select 150 fish farmers and 50 microcredit providers for the study. Data were analyzed using descriptive statistics and a simultaneous equation model. The result revealed that many fish farmers are males (86.5%), married (77%), and educated (95%). Simultaneous equation estimates revealed that farmers’ income, age, interest rate, and educational level determine microcredit demand among fish farmers whereas liquidity, experience in lending, and interest rate determine the microcredit supply in the study area. The findings of the study revealed that microcredit suppliers consider several factors before supplying credit to fish farmers.

Keywords: Agribusiness; Demand and Price Analysis (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/356212/files/D ... N%20OSUN%20STATE.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:pojard:356212

DOI: 10.22004/ag.econ.356212

Access Statistics for this article

More articles in Journal of Agribusiness and Rural Development from University of Life Sciences, Poznan, Poland
Bibliographic data for series maintained by AgEcon Search ().