Access to Credit and Loan Repayment by Households of Non-Farmers in Nigeria: New Evidence from Binary Logit Regression
Access to credit is the desire of every developing economy as well as a coping strategy in starting up and expanding businesses. Hence, this study critically examines how access to credit responds to loan repayment by households of non-farmers in Nigeria. To achieve this purpose, some important var...
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| Main Authors: | , , , , , |
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| Format: | Article |
| Language: | English |
| Published: |
University of Primorska
2024-12-01
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| Series: | Managing Global Transitions |
| Subjects: | |
| Online Access: | https://ojs.upr.si/index.php/fm/article/view/195 |
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| Summary: | Access to credit is the desire of every developing economy as well as a coping strategy in starting up and expanding businesses. Hence, this study critically examines how access to credit responds to loan repayment by households of non-farmers in Nigeria. To achieve this purpose, some important variables like spending on transport, other business costs, salaries/wages and rent were included in the model. Other variables in the model include age and location for the households of non-farmers. The study shows that loan repayment by households of non-farmers and their place of residence are significant drivers of access to finance in Nigeria while other characteristics of non-farmers such as spending on transport, other business costs, salaries/wages, rent and age are muted throughout.
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| ISSN: | 1854-6935 |