ARCHIVES
VOL. 9, ISSUE 3 (2023)
Determinants of access to finance among female cooperatives in Bauchi and Gombe states of North Eastern, Nigeria
Authors
Yahaya Danjuma
Abstract
Access to finance has become a major concern
for policy makers especially in the agricultural sector of Nigeria. However,
limited studies were conducted on the determinants of access agricultural
finance. Accordingly, this study investigated the determinants of access to
finance from the point of financial inclusion, literacy and social capital of
smallholder cooperative farmers in Bauchi and Gombe states, Nigeria. The study
adopted quantitative research approach using survey design strategy. A total of
155 valid responses were collected from the respondents drawn by stratified
random sampling using questionnaire instrument. The collected data was analyzed
using Partial Least Squares – Structural Equation Modelling (PLS-SEM) to test
the formulated research hypotheses. The study found that financial inclusion,
financial literacy and social capital have significant positive influence on
access to finance of female cooperatives smallholder farmers in Bauchi and
Gombe states, Nigeria. The study also found that social capital significantly
influence financial inclusion and financial literacy in the study area. The
research therefore recommended that smallholder female farmer should form more
social capital through cooperatives in order to increase the level of financial
inclusion and literacy thereby increasing the level of access to finance for
agricultural production. The study contributed to the existing body of
knowledge by investigating the determinants of access to finance from demand
perspective. The finding of this study therefore has implications to policy
makers, cooperative societies, financial institutions, female farmers and the
general public.
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Pages:28-35
How to cite this article:
Yahaya Danjuma "Determinants of access to finance among female cooperatives in Bauchi and Gombe states of North Eastern, Nigeria". International Journal of Commerce and Management Research, Vol 9, Issue 3, 2023, Pages 28-35
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