Gender differences in credit acquisition techniques of rural dwellers in Obafemi Owode Local Government Area of Ogun State

Authors

  • A. M. Taiwo
  • O. D. Komolafe
  • Z.O. Amoo
  • J. O. Oladeji
  • J. E. Agbotiremasa

DOI:

https://doi.org/10.36108/adanja/2202.30.0130

Keywords:

Credits, Acquisition techniques

Abstract

The study assessed gender differences in credit acquisition techniques of rural dwellers in Obafemi Owode Local Government Area of Ogun state. A multistage sampling procedure was used to select respondents for the study. Data were collected with the aid of structured questionnaire covering respondents’ socioeconomic characteristics, sources of information, constraints faced and credit sources available. Data were analyzed using percentages, frequencies and t-test. Result of analysis showed that the mean ages were 43 and 40 for males and females, 51.5% and 38.5% of males and females had access to credit facilities. Farming was a major (64.7% and 76.9%) source of income in the study area. Farm organization was the major source of information, ̅= 2.53 and =2.58 in the study area. Major constraints faced by males were time wasting and undue embarrassment ̅= 2.93 while high interest rate ̅= 2.88 constrained the females most. Family was the major source of credit, ̅=2.9 for both males and females. There was a significant difference (t= 0.96, p< 0.05) in credit acquisition from money lenders between males and females. The study concluded that respondents mostly acquired credits from family sources, hence, recommended that strings and barriers be lessened to enable respondents have access to formal credit sources.

 

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Published

2024-04-15

How to Cite

Taiwo, A. M., Komolafe, O. D., Amoo, Z., Oladeji, J. O., & Agbotiremasa, J. E. (2024). Gender differences in credit acquisition techniques of rural dwellers in Obafemi Owode Local Government Area of Ogun State. ADAN JOURNAL OF AGRICULTURE, 3(1), 20–28. https://doi.org/10.36108/adanja/2202.30.0130

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