The Determinants of Farmer’s Participation in Formal Microcredit Markets in Benin
This study analyzed the factors that affect farmers’ participation in formal credit programs in Benin. The data were collected from 400 randomly selected farmers in 20 villages representing 7 Agricultural Development Hubs (ADHs) of Benin. The estimate was made with a double hurdle model. The result...
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| Format: | Article |
| Language: | English |
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Recherche en Entreprise et Décisions-Institut Supérieur de Gestion de Gabès (RED-ISGG)
2022-12-01
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| Series: | Academic Finance |
| Subjects: | |
| Online Access: | https://www.scientific-society.com/journal/index.php/AF/article/view/610 |
| _version_ | 1828061917218865152 |
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| author | Tchékpo Fortuné OGOUVIDE Ygué Patrice ADEGBOLA Afio ZANNOU Gauthier BIAOU |
| author_facet | Tchékpo Fortuné OGOUVIDE Ygué Patrice ADEGBOLA Afio ZANNOU Gauthier BIAOU |
| author_sort | Tchékpo Fortuné OGOUVIDE |
| collection | DOAJ |
| description |
This study analyzed the factors that affect farmers’ participation in formal credit programs in Benin. The data were collected from 400 randomly selected farmers in 20 villages representing 7 Agricultural Development Hubs (ADHs) of Benin. The estimate was made with a double hurdle model. The results indicate that gender, contact with extension services, perception of agricultural activities’ risks negatively affect the probability of access to credit. Educational level, farm management experience, cash crop area and organized group membership positively affect the satisfaction rate of credit demand. Age has a negative impact on satisfaction rate of credit demand. Credit management experience, information on credit obtaining opportunities and the perception of credit access conditions influence both credit access probability and satisfaction rate of credit demand. But the influences go in opposite directions. If the influence is positive on the credit access probability, it negatively affect satisfaction rate of credit demand.
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| first_indexed | 2024-04-10T22:21:23Z |
| format | Article |
| id | doaj.art-d2247988083e422791776caa8d79cfb1 |
| institution | Directory Open Access Journal |
| issn | 1923-2993 |
| language | English |
| last_indexed | 2024-04-10T22:21:23Z |
| publishDate | 2022-12-01 |
| publisher | Recherche en Entreprise et Décisions-Institut Supérieur de Gestion de Gabès (RED-ISGG) |
| record_format | Article |
| series | Academic Finance |
| spelling | doaj.art-d2247988083e422791776caa8d79cfb12023-01-17T22:59:14ZengRecherche en Entreprise et Décisions-Institut Supérieur de Gestion de Gabès (RED-ISGG)Academic Finance1923-29932022-12-01132The Determinants of Farmer’s Participation in Formal Microcredit Markets in BeninTchékpo Fortuné OGOUVIDE0Ygué Patrice ADEGBOLA1Afio ZANNOU2Gauthier BIAOU3Institut National des Recherches Agricoles du BéninInstitut National des Recherches Agricoles du BéninFaculté des Sciences Agrinomiques de l'Université d'Abomey-CalaviUniversité Nationale d'Agriculture This study analyzed the factors that affect farmers’ participation in formal credit programs in Benin. The data were collected from 400 randomly selected farmers in 20 villages representing 7 Agricultural Development Hubs (ADHs) of Benin. The estimate was made with a double hurdle model. The results indicate that gender, contact with extension services, perception of agricultural activities’ risks negatively affect the probability of access to credit. Educational level, farm management experience, cash crop area and organized group membership positively affect the satisfaction rate of credit demand. Age has a negative impact on satisfaction rate of credit demand. Credit management experience, information on credit obtaining opportunities and the perception of credit access conditions influence both credit access probability and satisfaction rate of credit demand. But the influences go in opposite directions. If the influence is positive on the credit access probability, it negatively affect satisfaction rate of credit demand. https://www.scientific-society.com/journal/index.php/AF/article/view/610Farmerscredit programsdouble-hurdle model |
| spellingShingle | Tchékpo Fortuné OGOUVIDE Ygué Patrice ADEGBOLA Afio ZANNOU Gauthier BIAOU The Determinants of Farmer’s Participation in Formal Microcredit Markets in Benin Academic Finance Farmers credit programs double-hurdle model |
| title | The Determinants of Farmer’s Participation in Formal Microcredit Markets in Benin |
| title_full | The Determinants of Farmer’s Participation in Formal Microcredit Markets in Benin |
| title_fullStr | The Determinants of Farmer’s Participation in Formal Microcredit Markets in Benin |
| title_full_unstemmed | The Determinants of Farmer’s Participation in Formal Microcredit Markets in Benin |
| title_short | The Determinants of Farmer’s Participation in Formal Microcredit Markets in Benin |
| title_sort | determinants of farmer s participation in formal microcredit markets in benin |
| topic | Farmers credit programs double-hurdle model |
| url | https://www.scientific-society.com/journal/index.php/AF/article/view/610 |
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