TY  - JOUR
T1  - Default Risk Analysis of a Small-Scale Agricultural Loan Scheme in Nigeria
AU - , J.O. Ajetomobi AU - , S.O. Binuomote 
JO  - Pakistan Journal of Social Sciences
VL  - 4
IS  - 6
SP  - 721
EP  - 724
PY  - 2007
DA  - 2001/08/19
SN  - 1683-8831
DO  - pjssci.2007.721.724
UR  - https://makhillpublications.co/view-article.php?doi=pjssci.2007.721.724
KW  - Default risk
KW  -small scale loan
KW  -first bank
KW  -Nigeria
AB  - In this study, the rationale behind and determinants of default risk premium in First Bank Of Nigeria Plc’s agricultural loan scheme were investigated for three enterprises-arable farming, poultry and fisheries. The results showed that delay in loan disbursement, prolonged drought and unexpected family expenses were principal reasons for loan default. The regression results indicated that inverse relationship exists between default risk premium and amount of loan disbursed for arable and poultry farmers. As expected a priori, a high interest rate was found to be associated with high default risk in arable farming but insignificant in the case of poultry and fishery enterprises.
ER  -