Evaluation Of Loan Disbursement And Repayment Of Supervised Credit Scheme Of Nigeria Agricultural Cooperative And Rural Development Bank(Nacrbd) In Zaria And Kaduna North Local Government Areas Of Kaduna State, Nigeria

Abstract

The study examined the activities of NACRBD with a view to determine the amount of loan disbursed compared to amount of loan applied for, the nature of loan repayment performance of beneficiaries of NACRDB credit loan, lapses associated with loan to disbursement and repayment schedules and impact of proper supervision on loan recovery. Data for the study were collected through questionnaires, a total number of fifty
(50) beneficiaries of NACRDB credit scheme were selected randomly from the study areas . Data collected were analysed using simple descriptive statistical tools, such as mean, percentage and frequency table in order to achieve the stated objectives. From the evaluation of loan schemes, it was found that there were short fall when comparing the amount of loan applied for, to the actual amount disbursed to beneficiaries, loan were not
timely granted some sincere seekers were unable to benefit from credit scheme partially due to lack of adequate financing of NACRDB by the apex bank; the efficiency of methods employed by the bank as regard to loan supervision was scored low as a result of low rate of loan recovery, which will not augur well, if the bank’s contribution to the development agricultural sector of the economy was to be sustained. It was recommended that loans should be disbursed on time to farmers as at when due so that they can make use of it for agricultural production, NACRBD should employ better strategy to recover outstanding debts and reduce interest charge on loans.