1. FINANCIAL INCLUSION OF URBAN AGRO-PROCESSORS: EFFECT OF CREDIT ON POVERTY STATUS OF ROASTED PLANTAIN VENDORS IN CALABAR, NIGERIA
- Author
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E.A., Ajah, E.B., Etowa, E.B., Effa, U.I., Ofem, H.E., Iso, O.I., Ettah, and Asuquo, I.A.
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Poverty -- Nigeria ,Vendor relations -- Analysis -- Surveys ,Urban agriculture -- Surveys -- Analysis ,Economic growth -- Analysis -- Surveys ,Urban poor -- Surveys ,Vendor relations ,Agricultural industry ,Food/cooking/nutrition ,Health - Abstract
This study analysed the effect of credit on the poverty status of roasted plantain vendors in Calabar, Nigeria. The study described sources of credit, comparing the poverty status of credit recipients versus non-recipients, and the relationship between credit access and poverty index alongside the relationship between socioeconomic factors and poverty index. Data was collected from 110 randomly sampled roasted plantain vendors with the use of structured questionnaire. Poverty was measured with the Foster, Greer and Thorbecke (FGT) model class of weighted poverty measures. Descriptive statistics were used to examine poverty status, access to credit and the sociodemographic attributes of the roasted plantain vendors. Next, using descriptive statistics, the poverty status of the vendors who accessed credit was compared to those who did not access credit. Finally, the association between access to credit and poverty index was analyzed with logistic regression model while adjusting for the effects of sociodemographic factors. Descriptive statistics showed that 60% of the vendors were female, the average age was 35 years, and the average household size was four persons. Precisely, 91% of the roasted plantain vendors had completed primary or higher education. Exactly, 64.5% received credit, while 30.79% reported non-institutional lenders as sources of credit. The mean monthly income was N48,036.36 (US$116.89). Poverty incidence was lower among credit recipients (0.268) compared to non-recipients (0.487). Credit access (OR = .083, p Key words: Credit, Financial inclusion, Micro-agro-processors, Plantain roasting, Poverty, Urban agriculture, INTRODUCTION In Nigeria, poverty is on the rise as a significant proportion of the population still lives in extreme poverty, and the country ranks as the 3rd most impoverished nation [...]
- Published
- 2024
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