Authors : C.C. Eze and U.C. Ibekwe
Abstract: Orlu Local Government Area of Imo State was purposively for the study. Six Communities were randomly selected from the fifteen Communities in Orlu Local Government Area. From each of the 6 communities, three indigenous financial institutions were selected. Ten farmers who borrowed from the indigenous institutions were randomly selected. Primary data were collected using interview schedule, questionnaire and personal observations. The data collected were analysed with descriptive statistics and multiple regression analysis. The amount of loan received age of beneficiaries, household size, years of formal education and occupation were important determinants of loan repayment under the system. The R2 was computed as 0.8183 implying that the independent variables contributed 82% of the variation in the outstanding loans owed to the institutions be linked up with the government poverty alleviation programmes to enhance their loanable and available funds for on-lending to the cash stripped farmers in the study area.
C.C. Eze and U.C. Ibekwe , 2007. Determinants of Loan Repayment under the Indigenous Financial System in Southeast, Nigeria . The Social Sciences, 2: 116-120.