Determinants of credit access of cocoa farmers

A tétel rövid nézete
dc.contributor.authorOppong Mensah, Nicholas
dc.contributor.authorYeboah, Edward
dc.contributor.authorDonkor, Anthony
dc.contributor.authorOsei Tutu, Frank
dc.contributor.authorKaanye Dier, Richard
dc.date.accessioned2021-06-28T11:15:34Z
dc.date.available2021-06-28T11:15:34Z
dc.date.issued2019-12-31
dc.description.abstractAccess to credit is one of the critical areas that are of prime interest to development practitioners, agribusiness entrepreneurs and agricultural economists, mainly access to credit by farmers in order to increase their production and also reduce poverty. This study sought to analyze the determinants of credit access among cocoa farmers in the Asunafo North of the Ahafo Region of Ghana. The multistage sampling procedure was used to collect data from 100 cocoa farmers with the aid of a questionnaire. Sources of credit, factors influencing access to credit, and constraints to credit were analyzed with the aid of descriptive statistics, multiple linear regression, and Kendall’s coefficient of concordance respectively. The results of multiple linear regression revealed that, age, marital status, education, experience, and family size were significant factors that influenced access to credit. The constraints analysis with the aid of Kendall’s coefficient of concordance showed that, high interest rate was highly ranked with a mean score of 1.93 whilst the need for a guarantor was least ranked with a mean score of 7.40. Based on the results, the study recommended that a policy aimed at expanding formal and semi-formal financial institutions credit portfolio to embrace cocoa farmers by finding alternative to collaterals and also reducing the interest rate will improve credit access with a positive externality effect of poverty reduction among cocoa farmers in the study area. JEL Classification: Q14en
dc.formatapplication/pdf
dc.identifier.citationApplied Studies in Agribusiness and Commerce, Vol. 13 No. 3-4 (2019) , 73-78
dc.identifier.doihttps://doi.org/10.19041/APSTRACT/2019/3-4/9
dc.identifier.eissn1789-7874
dc.identifier.issn1789-221X
dc.identifier.issue3-4
dc.identifier.jatitleAPSTRACT
dc.identifier.jtitleApplied Studies in Agribusiness and Commerce
dc.identifier.urihttps://hdl.handle.net/2437/317725en
dc.identifier.volume13
dc.languageen
dc.relationhttps://ojs.lib.unideb.hu/apstract/article/view/6512
dc.rights.accessOpen Access
dc.rights.ownerUnivesity o f Debrecen, Faculty of Economics and Business, Hungary
dc.subjectaccess to crediten
dc.subjectsources of crediten
dc.subjectconstraints to crediten
dc.subjectinterest rateen
dc.titleDeterminants of credit access of cocoa farmersen
dc.typefolyóiratcikkhu
dc.typearticleen
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