Rural farmers' informal financial self-help groups capital accumulation and micro credit sufficiency: Implications for agricultural growth and development in Delta state

P.I. Nwandu

No 329363, 2007 Annual NAAE Conference, November 5-8, Bauchi, Nigeria from Nigerian Association of Agricultural Economists

Abstract: Nigerian Government aware of the role the rural farmers play iri the :c'ourifty'_:S agricultural production has been advancing credit through the formal . futa_nqial institutions to the farmers. The credit hardly·gets through to the farmers due ffr-t'.iffjd~l bureaucracies and financial leaks. On the other hand, the Micro finance institutions (MFis), which, are mostly owned by Non-governmental Organizations (NG0s):li1pitthe credit th~t they advance to farmers .. This study investigat~s. how one of the'in~}gdn.ous informal financial inetllods ~ the non-rotating self-help group. - is· being us~4Ifo(ihe rural farmers to accumulate capital to support their agricultur~l production: Wtm.: ~l,le achievements of this informal method there is need for their in~orporation into. t~j'ural finance structure through direct linkage with Development finance institutions -El?~)- c,f the Central Bank (CBN).

Keywords: Agricultural; and; Food; Policy (search for similar items in EconPapers)
Pages: 11
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:naae07:329363

DOI: 10.22004/ag.econ.329363

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