Article Sidebar
Keywords:
Evaluation National-livestock Small-holder-loans-scheme Farmers Enugu- State.
Article Details
Issue
Section
Articles
The Editorial Board of AgroScience and the Faculty of Agriculture, University of Nigeria, Nsukka are committed to disseminating the research publications in AgroScience Journal as widely as possible. In line with this commitment, the Editorial Board of AgroScience has adopted the policy of Open Access, with the content licensed under Creative Commons Attrition License (CCBY). On this premise, every author grants to the Faculty of Agriculture, University of Nigeria, Nsukka irrevocable, nonexclusive permission to exercise the copyright in the article for the purpose of open dissemination.
Main Article Content
Evaluation Of The National Livestock Small Holder Loans Scheme Among Farmers In Enugu North Agricultural Zone Of Enugu State
Abstract
The study evaluated the National Livestock Small Holder Loans Scheme (NLSHLS) among farmers in Enugu North Agricultural Zone of Enugu State, Nigeria. Data for the study were collected from 80 respondents (which comprise 40 project participant farmers and 40 project non-participant
farmers) through the use of structured interview schedule. Frequency distribution, percentage, mean and t-test statistics are used in the analysis of the data. The findings revealed that bureaucratic processes within the agency (95.0%) and inability of the loan beneficiaries to meet all the
requirements within a stipulated time (82.5%) were the perceived primary factors by the project participant farmers to have militated against effective loan disbursement by the agency. There was significant difference (t = 15.2, P ≤0.05) between the mean amount of loan applied for and the
actual amount of loan disbursed. Effective loan repayment by the beneficiaries was greatly affected by factors such as death of livestock ( X = 3.0), untimely disbursement of loans ( X = 3.0) and the small volume of the loans ( X = 3.0). There was a significant difference (t = 17.02, P ≤0.05) between the mean annual income generated from farming activities before and after participating in the scheme by the participant farmers. It was recommended that the federal government should make enough money available to the banks to enable them meet up with their targets in terms of granting adequate loans to the rural farmers. This will surely improve agricultural production as well as enhancing rural development in the state.
farmers) through the use of structured interview schedule. Frequency distribution, percentage, mean and t-test statistics are used in the analysis of the data. The findings revealed that bureaucratic processes within the agency (95.0%) and inability of the loan beneficiaries to meet all the
requirements within a stipulated time (82.5%) were the perceived primary factors by the project participant farmers to have militated against effective loan disbursement by the agency. There was significant difference (t = 15.2, P ≤0.05) between the mean amount of loan applied for and the
actual amount of loan disbursed. Effective loan repayment by the beneficiaries was greatly affected by factors such as death of livestock ( X = 3.0), untimely disbursement of loans ( X = 3.0) and the small volume of the loans ( X = 3.0). There was a significant difference (t = 17.02, P ≤0.05) between the mean annual income generated from farming activities before and after participating in the scheme by the participant farmers. It was recommended that the federal government should make enough money available to the banks to enable them meet up with their targets in terms of granting adequate loans to the rural farmers. This will surely improve agricultural production as well as enhancing rural development in the state.
