Loan Administration By Microfinance Banks To Farmers In Isoko South Local Government Area, Delta State, Nigeria

Abstract

The survey evaluated loan administration by Microfinance Bank
(I.C.Global MFB) to farmers in Isoko local government Area of
Delta State, Nigeria. Ninety farmers and ten bank officials were
selected for the study using simple random and purposive sampling
techniques with the aid of a structured questionnaire to obtain
data for the study. Various descriptive and inferential statistics
such as percentages, frequency distribution, mean, and regression
analysis were used to analyze the data. The findings indicated
discrepancy between actual amount of loans disbursed to farmers
and what farmers desired, most beneficiaries obtain loans less than
N200,000.00 and the time of loan disbursement affected farming
activities. Based on the findings, it was recommended that
overemphasis on collateral should be reduced, male and female
farmers should have equal access to loans and should be made
available to farmers at the right time.