TY  - JOUR
T1  - Poverty Status Assessment Among Small Scale Farm Households
Microcredit Users in Ekiti State Nigeria
AU - Oluwatusin, F.M. AU - Ajiboye, A. AU - Adekunmi, A.O. AU - Toluwase, S.O.W. AU - Osundare, F.O. AU - Aturamu, O.A. 
JO  - International Business Management
VL  - 13
IS  - 9
SP  - 415
EP  - 422
PY  - 2019
DA  - 2001/08/19
SN  - 1993-5250
DO  - ibm.2019.415.422
UR  - https://makhillpublications.co/view-article.php?doi=ibm.2019.415.422
KW  - small scale
KW  -poverty
KW  -Micro credit
KW  -farmers
KW  -households
AB  - The study was embarked upon to assess the poverty status among small scale farm household’s micro
credit users in Ekiti state. Specifically, the study described the socio economic characteristics of the respondents
identified the poverty status of the respondents and determined the factors affecting the poverty status of the
small scale farm household’s micro credit users in Ekiti state. A well-structured questionnaire was used to elicit
information from 150 respondents selected through a multi-stage sampling procedure. The data were analyzed
with the use of descriptive statistics, Foster-Greer-Thorbecke (FGT) indices and multivariate probit model. It
was revealed that most of the respondents were within the active age range with mean age of 46 years, mostly
male (78.67%), married (88%) with average household size of 6 persons. The majority, 85.33% had access to
formal education while the average farm size was 2 ha with average farm household income of N224,846.00
per annum. The average farming experience was 18 years and the main source of micro credit to the majority
(71.33%) of the respondents was micro credit agency in the state. The average loan applied for and granted was
N427,950 but N161,755 was the average amount spent on farming activities. The main challenge encountered
in accessing micro credit facilities by 48% (most) of the respondents was lack of collateral security. In
determining the poverty status among the respondents, Mean Per Capita Household Annual Income
(MPCHHAI) of N45,905 was used as poverty line. It was revealed that 73.33% of the respondents were poor
while the main factors affecting the poverty status of the respondents were sex, age, educational level,
household size, membership of socio-economic organization, household income and amount of micro credit
collected. It was recommended that the size of micro credit given to the farmers by micro credit agency should
be improved upon and diversion of micro credit meant for agricultural production should be discouraged in
order to boost agricultural production and alleviate poverty among the small scale farmers.
ER  -