Effect of Group Participation on Access to Micro-Credit among Rural Women in Osun and Oyo States, Nigeria
Various reports have it that poverty is more prevalent among people in rural communities with women being the most vulnerable group. Globally, improved access to micro credit is promoted as an important strategy in the struggle against poverty in developing economies. Using a sample of 104 rural wom...
| Main Authors: | , , , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Agricultural Extension Society of Nigeria
2008-06-01
|
| Series: | Journal of Agricultural Extension |
| Subjects: | |
| Online Access: | https://www.aesonnigeria.org/ajm/index.php/jae/article/view/207 |
| Summary: | Various reports have it that poverty is more prevalent among people in
rural communities with women being the most vulnerable group. Globally,
improved access to micro credit is promoted as an important strategy in
the struggle against poverty in developing economies. Using a sample of
104 rural women selected through multi-stage sampling technique, this
study examined group participation and access to micro credit among
women in rural communities of Osun and Oyo States, Nigeria. The results
showed that about 85.6% of rural women belonged to micro credit groups
notably religious and traders associations through which 42.3% were able
to source credit. Rural women were only able to meet 40.3% of the capital
need through micro-credit offered by the groups. Cooperative societies
granted higher volume of credit than the local groups while women
farmers had access to greater volume of credit than women traders;
however, micro credit was yet to have significant impact on poverty status
of the women. |
|---|---|
| ISSN: | 1119-944X 2408-6851 |