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SOCIAL CAPITAL AND MICROCREDIT EFFECTS ON POVERTY AMONG THE RURAL HOUSEHOLDS IN SOUTH WEST STATES, NIGERIA

Authors: BALOGUN Olubunmi

Publication Type: Journal article

Journal: Arpn Journal Of Agricultural And Biological Science

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Abstract

Nigeria represents one of the many paradoxes of development in which case the nation is rich but her people are poor. This study examines the influence of social capital and microcredit on poverty status of rural households in South western, Nigeria. A multistage sampling was employed for the study. Ekiti and Osun states were randomly selected from the six states in South-western Nigeria. This was followed by random selection of two Local Government Areas from each senatorial district of the states. Thirty microcredit groups were randomly selected from each of the selected Local Government Areas based on probability proportionate to the size of the microcredit group. Lastly, 399 respondents were randomly selected from the microcredit groups. Data were collected using structured questionnaire. The data were analyzed using descriptive statistics, Foster-Greer-Thorbecke (FGT) weighted poverty indices and Tobit regression. Mean age and household size were 41.3Â±11.4 years and 6.0Â±2.2, respectively. At a poverty line of N2, 930.90, 52.1% of the households were poor. Household size and age squared increased poverty by 0.016 and 1.0 X10-4 while asset value, friends/family credit and decision making index reduced poverty by 0.005, 5.99X10-7 and 0.225, respectively. Social capital significantly influenced the amount of credit available from different sources. Household size and age squared of household head increased poverty while credit from friends and relatives, large asset of household and active participation in decision making process (a component of social capital) reduced poverty.

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BALOGUN,O. . (0000). SOCIAL CAPITAL AND MICROCREDIT EFFECTS ON POVERTY AMONG THE RURAL HOUSEHOLDS IN SOUTH WEST STATES, NIGERIA, 6 (), 48-48.

BALOGUN,O. . "SOCIAL CAPITAL AND MICROCREDIT EFFECTS ON POVERTY AMONG THE RURAL HOUSEHOLDS IN SOUTH WEST STATES, NIGERIA" 6, no (), (0000): 48-48.

BALOGUN,O. and . (0000). SOCIAL CAPITAL AND MICROCREDIT EFFECTS ON POVERTY AMONG THE RURAL HOUSEHOLDS IN SOUTH WEST STATES, NIGERIA, 6 (), pp48-48.

BALOGUNO, . SOCIAL CAPITAL AND MICROCREDIT EFFECTS ON POVERTY AMONG THE RURAL HOUSEHOLDS IN SOUTH WEST STATES, NIGERIA. 0000, 6 ():48-48.

BALOGUN,Olubunmi , . "SOCIAL CAPITAL AND MICROCREDIT EFFECTS ON POVERTY AMONG THE RURAL HOUSEHOLDS IN SOUTH WEST STATES, NIGERIA", 6 . (0000) : 48-48.

B.Olubunmi , "SOCIAL CAPITAL AND MICROCREDIT EFFECTS ON POVERTY AMONG THE RURAL HOUSEHOLDS IN SOUTH WEST STATES, NIGERIA" vol.6, no., pp. 48-48, 0000.

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