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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| Format: | Article |
| Language: | English |
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University of Primorska
2024-12-01
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| Series: | Managing Global Transitions |
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| Online Access: | https://ojs.upr.si/index.php/fm/article/view/195 |
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| author | Obed I. Ojonta Jonathan E. Ogbuabor Anthony Orji Onyinye I. Anthony-Orji Ndubuisi Chukwu Emmanuel T. Ideba |
| author_facet | Obed I. Ojonta Jonathan E. Ogbuabor Anthony Orji Onyinye I. Anthony-Orji Ndubuisi Chukwu Emmanuel T. Ideba |
| author_sort | Obed I. Ojonta |
| collection | DOAJ |
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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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| format | Article |
| id | doaj-art-42e360cef51841968e3c239e8d62b078 |
| institution | Kabale University |
| issn | 1854-6935 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | University of Primorska |
| record_format | Article |
| series | Managing Global Transitions |
| spelling | doaj-art-42e360cef51841968e3c239e8d62b0782025-01-21T05:57:38ZengUniversity of PrimorskaManaging Global Transitions1854-69352024-12-01224Access to Credit and Loan Repayment by Households of Non-Farmers in Nigeria: New Evidence from Binary Logit RegressionObed I. Ojonta0Jonathan E. Ogbuabor1Anthony Orji2Onyinye I. Anthony-Orji3Ndubuisi Chukwu4Emmanuel T. Ideba5University of NigeriaUniversity of NigeriaUniversity of NigeriaUniversity of NigeriaUniversity of NigeriaUniversity of Nigeria 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. https://ojs.upr.si/index.php/fm/article/view/195credit accesshouseholdnon-farmersbinary logistic regression |
| spellingShingle | Obed I. Ojonta Jonathan E. Ogbuabor Anthony Orji Onyinye I. Anthony-Orji Ndubuisi Chukwu Emmanuel T. Ideba Access to Credit and Loan Repayment by Households of Non-Farmers in Nigeria: New Evidence from Binary Logit Regression Managing Global Transitions credit access household non-farmers binary logistic regression |
| title | Access to Credit and Loan Repayment by Households of Non-Farmers in Nigeria: New Evidence from Binary Logit Regression |
| title_full | Access to Credit and Loan Repayment by Households of Non-Farmers in Nigeria: New Evidence from Binary Logit Regression |
| title_fullStr | Access to Credit and Loan Repayment by Households of Non-Farmers in Nigeria: New Evidence from Binary Logit Regression |
| title_full_unstemmed | Access to Credit and Loan Repayment by Households of Non-Farmers in Nigeria: New Evidence from Binary Logit Regression |
| title_short | Access to Credit and Loan Repayment by Households of Non-Farmers in Nigeria: New Evidence from Binary Logit Regression |
| title_sort | access to credit and loan repayment by households of non farmers in nigeria new evidence from binary logit regression |
| topic | credit access household non-farmers binary logistic regression |
| url | https://ojs.upr.si/index.php/fm/article/view/195 |
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