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Statistical Analysis Of The Role Of Micro-finance Bank In Agricultural Development
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1.2 STATEMENT OF THE PROBLEM
Despite
that microfinance banks loans gives out the farmers and the quantity
production of the selected crops agricultural activities carried out at
various levels and field, are still facing a lot of problems, these
problems affects the production of foods, poultry and other agricultural
activities, there are numbers of constraints, facing agricultural
develop in Nasarawa knowing all these problems above the researcher
intends to know if the loan given to the farmers are used properly, and
to know if there is agricultural development in Nasarawa State.
1.3 AIMS AND OBJECTIVES OF THE STUDY
The
aim of this researcher work is to know if the loan given to the farmers
leads to increase in agricultural development in order to reduces the
rate of imported products and also know if there will be an increase in
the number of people who will collect loan in the nearest future. With
the following objectives:
To compare the amount of production of the selected crops.
Determine the trend of allocation of loans by the microfinance banks.
forecast for the numbers of farmers to benefit from the loan.
to forecast the amount allocation to various crops
To know whether is significance or not.
1.4 SIGNIFICANCE OF THE STUDY
The
research work will be important to both the microfinance banks farmers
they will be able to identify banks their fault and view the point of
correction. It is also giving to be important to the society for
implementation of loans and planning purpose. In this case the society
or community will be able to determine the other farmer’s responses
towards this economic contribution or in controls by creating more
microfinance banks In the state having absolute control on their
activities and policy making as far as agricultural activities is
concerned.
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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---
