DSpace
 

KNUSTSpace >
Research Articles >
College of Agric and Natural Resources >

Please use this identifier to cite or link to this item: http://hdl.handle.net/123456789/6107

Title: Determinants of loan repayment default among farmers in Ghana
Authors: Awunyo-Vitor, Dadson
Keywords: Loan repayment default
Farmers
Brong Ahafo region
Ghana
Issue Date: Nov-2012
Publisher: Journal of Development and Agricultural Economics
Citation: Journal of Development and Agricultural Economics Vol. 4(13), pp. 339-345, November 2012
Abstract: This paper investigates the determinants of loan repayment default among farmers in Brong Ahafo region of Ghana. Data used in this study was gathered through a survey of 374 farmers in five districts within Brong Ahafo region of Ghana. The study employed Probit model to investigate factors that influence farmer’s loan repayment default. The results showed that farm size, and engagement in offfarm income generating activities reduces the likelihood of loan repayment default significantly. Also, larger loan amount and longer repayment period as well as access to training are more likely to reduce loan repayment default. Thus, any policy that aimed at improving farm sizes, farm income and cultivation of cash crops would significantly reduce loan repayment default. In addition, loan repayment default would reduce if lenders train their loan beneficiaries and offer them adequate amount of loan and longer repayment period.
Description: An article published by Journal of Development and Agricultural Economics Vol. 4(13), pp. 339-345, November 2012
URI: http://hdl.handle.net/123456789/6107
Appears in Collections:College of Agric and Natural Resources

Files in This Item:

File Description SizeFormat
Determinants of loan repayment default among.pdf114.34 kBAdobe PDFView/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

 

Valid XHTML 1.0! DSpace Software Copyright © 2002-2010  Duraspace - Feedback