DOAJ Open Access 2024

Access to Credit and Loan Repayment by Households of Non-Farmers in Nigeria: New Evidence from Binary Logit Regression

Obed I. Ojonta Jonathan E. Ogbuabor Anthony Orji Onyinye I. Anthony-Orji Ndubuisi Chukwu +1 lainnya

Abstrak

Access to credit is the desire of every developing economy as well as a coping strategy in starting up and expanding businesses. Hence, this study critically examines how access to credit responds to loan repayment by households of non-farmers in Nigeria. To achieve this purpose, some important variables like spending on transport, other business costs, salaries/wages and rent were included in the model. Other variables in the model include age and location for the households of non-farmers. The study shows that loan repayment by households of non-farmers and their place of residence are significant drivers of access to finance in Nigeria while other characteristics of non-farmers such as spending on transport, other business costs, salaries/wages, rent and age are muted throughout.

Topik & Kata Kunci

Economic growth, development, planning

Penulis (6)

Obed I. Ojonta

Jonathan E. Ogbuabor

Anthony Orji

Onyinye I. Anthony-Orji

Ndubuisi Chukwu

Emmanuel T. Ideba

Format Sitasi

APA MLA BibTeX

Ojonta, O.I., Ogbuabor, J.E., Orji, A., Anthony-Orji, O.I., Chukwu, N., Ideba, E.T. (2024). Access to Credit and Loan Repayment by Households of Non-Farmers in Nigeria: New Evidence from Binary Logit Regression. https://doi.org/10.26493/1854-6935.22.405-422

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Informasi Jurnal

Tahun Terbit: 2024
Sumber Database: DOAJ
DOI: 10.26493/1854-6935.22.405-422
Akses: Open Access ✓