International Business Management

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The Influence of Socio-economic Characteristics of Loan Beneficiaries on the Performance of Community Banks in Ogbomoso Area, Nigeria

F.A. Ajagbe , J.O. Adewoye and J.O. Ajetomobi
Page: 60-64 | Received 21 Sep 2022, Published online: 21 Sep 2022

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Abstract

This study investigates the influences of socio-economic characteristics of loan beneficiaries on the performance of the Community Banks in Ogbomoso Area, Nigeria . Eight Community Banks were purposively selected for the study. Data were collected from 200 loan beneficiaries using stratified sampling techniques. Descriptive statistics such as percentages, frequency distribution and chi square measure of association in analyzing the data. The results showed sex, age, marital status, family size and level of education of loan beneficiaries influence loan repayment ability of the respondents.

How to cite this article:

F.A. Ajagbe , J.O. Adewoye and J.O. Ajetomobi . The Influence of Socio-economic Characteristics of Loan Beneficiaries on the Performance of Community Banks in Ogbomoso Area, Nigeria.
DOI: https://doi.org/10.36478/ibm.2007.60.64
URL: https://www.makhillpublications.co/view-article/1993-5250/ibm.2007.60.64