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Statistical Analysis Of The Role Of Micro-finance Bank In Agricultural Development
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Tourism and Recreation: Tourism and recreation
features in Nasarawa state include farm, Ruwa water fall Eggon Hills and
Caves PapeRuwa Lake, Kenna salt village, Doma Dam area Rock and Alain
warm springs.
Ref: Ames welmers 1934 – 1971.
MICROFINANCE BANK
Microfinance
beings with one man and one village Gramme Bank was the First
Microfinance Bank and it was established by Muhammed Yunusa a native of
Banglades in business owners were forced to repay much of their profit
to loan issuers in (1976) Yunusa extended his first microfinance loan
from his personal account to a group of woman in a Bangladeshi village,
and the concept of microfinance leading grow from there his intensions
were not to gorge the borrowers, but instead to provide them with
reasonable finding on terms that would not cripple them financially but
instead foster growth. Microfinance loans are designed for providing
financing to the most under privileged region in the world including
sub-Saharan Africa and the democratic republic of Georgia where pockets
of the population might otherwise have no access to any sort of banking
institution. In addition to small loans individuals again support,
including education and training for personal development in addition to
savings and insurance products the purpose is to break the cycle of
property in a region loans for woman living in poverty condition are
woman, according to opportunity international a US-based non-profit
organization that works with microfinance lenders, A woman is less
likely to receive formal education, business training, or a prominent
role in society in an under-development region and without proper
financial support may never overcome these obstacles.
Ref: Economics of microfinance and longtime by Jonathan Morduch.
Agricultural
according to T.Steil Newman (1823) is a thing of law as such again any
operation or revolution that is agricultural oriented which fails to
rural farmers is certainly heading to failure so if the microfinance
bank all over, they are to direct their services and credits to the
business sectors and the so called rich individual in the cities while
the rural duelers (farmers) that matters are left out we must have it at
the back of our minds that we are not helping the agricultural future
of our economy but agricultural has been an important sector in Nigeria
economy. A well-organized and productive agriculture sector is essential
for the achievement of a sound economic and social development which
the nation deserve agricultural contributed about 55.2%to the Growth
Domestic Product (G.D.P) of Nigeria in the 1960 but this contribution
declines to about 30.3% in 1970 this sharp decline has been attributed
to a numbers of factors including the discovering of petroleum the civil
war and the Saharan drought in spite of the difficulties agriculture
face sit still provides the bulk of food they eat in this country raw
materials for many Nigeria and foreign exchange from export of cash
crops the impact of those contribution of the wellbeing of economy is
sufficient to justify productivity which federal and state government
give to agricultural development of Nasarawa State in Nigeria is lack of
financial resources for the small farmers they need these in order to
purchase many of the input that are now available as well as to increase
their scale of operation one way to solve this problem is to make loan
available to them.
Ref: Thomason Renters (2009) Agricultural Vol. 39 No. 499-239-243 by Lavelack .J.
Agricultural
loan can be defined as the capacity to borrow an agricultural capital
either in each of kind for the purpose of expending agricultural
production making or other agricultural activities.
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ABSRACT - [ Total Page(s): 1 ]The study was undertaken in statistical analysis of the role micro-finances bank in agricultural development with the aim of establishing the role of micro-finance banks. Loans to peasant farmers in conjunction with the crop production. Using ordinary least square method, data collected were secondary data and the durbin-watson t-statistics were used in the regression analysis. The study shows that Microfinance bank loans have a positive impact on agricultural development in Nigeria. Based on th ... Continue reading---
