Select Currency
Translate this page

APPRAISAL OF THE PROBLEMS FACED BY SMALL FARM HOLDERS IN ACCESSING LOAN FACILITIES

Format: MS WORD  |  Chapter: 1-5  |  Pages: 52  |  2968 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE COMPLETE PROJECT

ABSTRACT

This work is designed to examine the problems faced by small farm holders in accessing loan facilities in Ovia North East Local Government Area of Edo State. The researcher examined the role of commercial banks in financing agriculture in Edo State. Recommend actions were made to resolve the problems faced by small farm holders in accessing loan facilities in Ovia North Local Government Area of Edo State questionnaires were designed in such a way to be able to elicit unbiased response from respondents. The questionnaire designed for this study was divided into two segments. There were questions meant for the entire respondents, while others are meant for the respondent who have obtained loan under the agriculture credit facilities scheme.

 

CHAPTER ONE

INTRODUCTION

1.1    BACKGROUND TO THE STUDY

Farmers need productive resources and these resources are acquired with owned or borrowed fund. Agricultural is very important to the economy of must developing countries of the world and because of this, a supply of adequate finance is essential for national well-being. Since agriculture is the back-bone of Nigeria economy providing employment to about 70% of its population yet this important sector has suffered neglect since the oil boom days. Agriculture has totally declined since the early 1970s Nigeria export crops such as groundnut, oil palm and cocoa have suddenly disappeared and the country is net importer of food crops. Agriculture recorded growth rate in 1975 at about 2.6% while the population grew at about 70% compared to 57.7% in 1993. The small scale farmers according to the National Agriculture Policy Document of Nigeria (NAPDN) constitute over 90% of the food and fiber requirement of Nigeria on the other hand 1% of farmers out put in Nigeria. But tend to have greater access to farmers inputs including credit or loans.

 

1.2 STATEMENT OF THE PROBLEM

This study is to investigate and analyze the problems associated with obtaining credit financing agriculture production in Edo State it would be seen that many problem arise mostly are problems encountered by the farmers in the area.

The inability of the farmers to meet up with the collateral security required. By the commercial bank is a major problem hindering agriculture sector. This is as a result of farmers to deposit the collateral security before obtaining credit for agriculture development. High interest rate is another factor that discourages farmers from obtaining credit in most commercial banks, payment of interest involve when fund is borrowed. The low educational background of the farmers also constitutes hindrance in obtaining agricultural credit. The bureaucratic process involved in the process of obtaining credit or loans for agricultural purpose have not being encourage on the part of the farmers. Credit facilities are not easily accessible to small farm holders. It is not that the researcher intends to identify some of the hindering factor in order to proffer solution.

1.3 PURPOSE OF THE STUDY

 The main purpose of this study is to find the major problems of obtaining credit of loans for financing agricultural production in Nigeria with particular reference to Edo State. The objectives of the studies are.

To identify the problem militating against adequate financing of agriculture. To enumerate and analyze the agriculture credit grant to farmers in recent years. To find out how much the commercial bank have helps in financing agriculture. To look at how agriculture has developed in Edo State. To create awareness of the problem posted by agricultural financing inadequacies. To investigate how these problems can be tackled.

1.4 SIGNIFICANCE OF THE STUDY

This research study will be important to that future researcher in the economy and agricultural science who would like to use it as reference materials or for further investigation.  

The study is to create awareness to farmers in Edo State, the reason of low agricultural production and also to bring to the notice of the general public loans for financing agricultural production in the locality.

It will form a good basis to the government for the formulation of policies. To serve as encouragement to those farmers in the area of study.

 

1.5 RESEARCH QUESTION

Some questions to be tackled in the course of this study have been raised.

Is collateral security a problem of obtaining credit from commercial bank? Does high interest increase the incidence of bad debts? Does educational background hinder the potentials of obtaining credit? Is a credit facility accessible for small farm holders? Does bureaucratic process pose a lot of problem in obtaining loan to farmers?

1.6 SCOPE OF THE STUDY

The study is aimed at providing detailed knowledge and understanding of the operation function and to determine the problems of obtaining loans for financing agricultural production in Edo State through the Federal Government Agricultural Credit Guarantee Scheme (FGACGS) found since 1977 with the view of providing useful suggestion to ease the problem of agriculture development in Nigeria it is directed towards the application of problems obtained for financing agriculture view of this more emphasis will be placed in the success of credit facilities lending procedure as a criteria of measurement. The performance of the commercial banks in the regard will be assessed by using the present farmer’s areas to the agricultural credit facilities as well as the hindrance which the small farm holders face in obtaining loans from financial institutions.

 

1.8 DEFINITION OF TERMS

Credit: This is the process of obtaining control over the use of money, goods and services with promise to repay at a future data.                   

Agricultural finance: This means way and means by which a farmer obtains the entire necessary fund required in order to carryout agricultural production.

Interest: This means the price paid for the use of borrowed money and is usually expressed as a present on annuals basis.

Collateral: This means anything offered as a promised of loan repayment to be given to a lender in case of non-payment.

  DOWNLOAD THE COMPLETE PROJECT

APPRAISAL OF THE PROBLEMS FACED BY SMALL FARM HOLDERS IN ACCESSING LOAN FACILITIES

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON APPRAISAL OF THE PROBLEMS FACED BY SMALL FARM HOLDERS IN ACCESSING LOAN FACILITIES INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.
Excellent
Gbadamosi Solomon Oluwabunmi
Lasu
Swift delivery within 9 minutes of payment. Thank you project master
Excellent
JONNAH EHIS
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Excellent
Abdulrazak Bello Marsha
Usman Dan fodio University
It was quite a better guide for project and paper presentation purpoting. Many thanks.
Average
Abdul Mateen Iddrisu
UDS
At first I taught is a site full of fraudsters until I saw my project in my Gmail after my payment.. THANK YOU IPROJECTMASTER and May God the almighty bless u guys abundantly
Excellent
Abubakar Iliyasu Hashim
Federal college of education pankshin affiliated to university of jos
I am highly impressed with your unquantifiable efforts for the leaners, more grace to your elbow.I will inform my colleagues about your website.
Very Good
Temitayo Ayodele
Obafemi Awolowo University
My friend told me about iprojectmaster website, I doubted her until I saw her download her full project instantly, I tried mine too and got it instantly, right now, am telling everyone in my school about iprojectmaster.com, no one has to suffer any more writing their project. Thank you for making life easy for me and my fellow students... Keep up the good work
Very Good
MATTHEW NGBEDE
Ahmadu Bello University
I wish I knew you guys when I wrote my first degree project, it took so much time and effort then. Now, with just a click of a button, I got my complete project in less than 15 minutes. You guys are too amazing!
Excellent
Emmanuel Essential
Kogi state University
I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟
Very Good
Dau Mohammed Kabiru
Kaduna State College of Education Gidan Waya
This is my first time..Your service is superb. But because I was pressed for time, I became jittery when I did not receive feedbackd. I will do more business with you and I will recommend you to my friends. Thank you.
Very Good

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on APPRAISAL OF THE PROBLEMS FACED BY SMALL FARM HOLDERS IN ACCESSING LOAN FACILITIES?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on APPRAISAL OF THE PROBLEMS FACED BY SMALL FARM HOLDERS IN ACCESSING LOAN FACILITIES?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for APPRAISAL OF THE PROBLEMS FACED BY SMALL FARM HOLDERS IN ACCESSING LOAN FACILITIES, What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!