Estimating the effects of financial access on poor farmers in rural northern Nigeria
Terfa W. Abraham ()
Additional contact information
Terfa W. Abraham: National Institute for Legislative and Democratic Studies (NILDS)
Financial Innovation, 2018, vol. 4, issue 1, 1-20
Abstract By recognizing the gap in the literature in examining the effects of financial resources and development outcomes at the household level, this paper examines whether the poorest income quintile would benefit most from programs aimed at increasing their access to financial services in rural northern Nigeria. Most households from this part of the world consist of farmers and, hence, are exposed to the vagaries of climate change. The data from 320 questionnaires administered in two rural communities (Rijau and Fakai) were analyzed using an ordered logit regression model. The results showed that access to financial services by using formal financial institutions and farmer savings clubs benefits vulnerable farmers (mostly women). The robustness check using the Brant test also confirmed that the parallel regression assumption of the model was not violated. A policy scenario that seeks to increase the delivery of financial services to rural farm households using community savings clubs and microfinance institution reforms for reaching the financially underserved was also found to benefit the poorest income quintile, hence, bringing them out of poverty.
Keywords: Rural households; Farm income; Climate change; Financial inclusion (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed
Downloads: (external link)
http://link.springer.com/10.1186/s40854-018-0112-2 Abstract (text/html)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:spr:fininn:v:4:y:2018:i:1:d:10.1186_s40854-018-0112-2
Ordering information: This journal article can be ordered from
http://www.springer. ... nomics/journal/40589
Access Statistics for this article
Financial Innovation is currently edited by J. Leon Zhao and Zongyi
More articles in Financial Innovation from Springer, Southwestern University of Finance and Economics
Bibliographic data for series maintained by Sonal Shukla ().