Determinants of loan repayment patterns among Micro Agricultural Financial Institution of South Africa beneficiaries in North West Province, South Africa
Journal of Agriculture and Environment for International Development
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Title |
Determinants of loan repayment patterns among Micro Agricultural Financial Institution of South Africa beneficiaries in North West Province, South Africa
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Creator |
Oladele, Idowu
Ward, Lucky |
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Description |
This paper examined the determinants of loan repayment patterns among Micro Agricultural Financial Institution of South Africa beneficiaries in North West Province, South Africa. A simple random sampling technique was used to select 280 respondents from a total of 344 beneficiaries. A structured questionnaire was used to collect data which was analysed using the Statistical Package for Social Sciences (SPSS) with frequencies, percentages and probit regression. Majority of the farmers were males (86.8%), 71.4%, had secondary level school of education. A probit regression analysis was used to analyse factors affecting the repayment of loans, and the results showed that income from crops (t = -2.75; p = 0.006) is significant at 1% and has a negative coefficient. Other sources of income (t = -5.133; p = 0.000) is significant at 1%. The results further show that there were significant indirect relationship between financial capital and social capital (t = -7.106; p = 0.000) after MAFISA loans and loan repayment (t = -7.11; p = 0.000). The other significant variables are membership of organisation (t = -2.281; p = 0.023) and frequency of extension contact (t = -3.836; 0.000), and they are significant at 5% and 1% respectively.
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Publisher |
Italian Agency for Development Cooperation
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Contributor |
—
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Date |
2016-12-22
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — — |
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Format |
application/pdf
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Identifier |
http://www.iao.florence.it/ojs/index.php/JAEID/article/view/504
10.12895/jaeid.2016110.504 |
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Source |
Journal of Agriculture and Environment for International Development; Vol 110, No 2 (2016); 365-376
Journal of Agriculture and Environment for International Development (JAEID); Vol 110, No 2 (2016); 365-376 2240-2802 1590-7198 |
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Language |
eng
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Relation |
http://www.iao.florence.it/ojs/index.php/JAEID/article/view/504/198
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Rights |
Copyright (c) 2016 Journal of Agriculture and Environment for International Development (JAEID)
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