Analysis Of Factors Affecting Loan Default Among Selected Poultry Farmers In Imo State

ABSTRACT

This study analyzed the factors affecting loan default among policy, farmers in Imo State. A total of 108 poultry farmers were randomly sampled from the study area. Chi-square was used to analyze the factors affecting loan default among poultry farmers, and their socio-economic characteristic. We found out that majority of the farmers in the study area are educated and source the credit from formal financial institutions. Results from the chi-square revealed that types of management adopted significantly influence default in loan repayment, age of the farmers. Significantly influence default in loan repayment while educational level and income of the farmers also significantly influence default in loan repayment. In the final analysis, it was recommended that the terms of loan acquisition and repayment should he improved so that there can be a steady flow of credit in the poultry enterprise to ensure its posterity.