Record Details

Household Assets and Rural Finance in Nigeria

Applied Economics Journal

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Title Household Assets and Rural Finance in Nigeria
 
Creator Oluyombo, Onafowokan; Department of Financial Studies, Redeemer’s
University, Km. 46, Lagos – Ibadan Expressway, Ogun State, Nigeria. Tel: +23 48034925479,
E-mail: oluyomboo@run.edu.ng
 
Subject assets; rural finance; cooperative; standard of living; informal finance
B26; D14; D61; G23
 
Description The study assesses the roles played by the loan service of cooperatives on household assetsacquisition among cooperative members in Ogun State rural communities where there isno bank. Independent student test and one way analysis of variance were used to analyze thedata collected through questionnaire from 302 members. The study shows that the followingassets – land, generator, television, radio and refrigerator – were more likely to be acquired bymembers than non-members. This is an indication of improvement in members’ standard ofliving made possible through access to cooperative loans. The study provided more evidenceon the importance of land ownership, and how this is enhanced when rural communities haveaccess to affordable loans. The study did not find evidence that cooperative members tookadvantage of the program, which is self sustained by their own savings, to acquire buildingsand motor vehicles.Keywords: Assets, rural finance, cooperative, standard of living, informal financeJEL Classification: B26, D14, D61, G23
 
Publisher The Center for Applied Economics Research (CAER)
 
Contributor —
 
Date 2013-11-29
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier http://www.tci-thaijo.org/index.php/AEJ/article/view/14993
 
Source Applied Economics Journal; Vol 20, No 2 (2013): December; 55-74
0858-9291
 
Relation http://www.tci-thaijo.org/index.php/AEJ/article/view/14993/13751
 
Rights Copyright (c) 2014 Applied Economics Journal
http://creativecommons.org/licenses/by-nc-nd/4.0