DETERMINANTS OF WOMEN’S PARTICIPATION IN SELF HELP GROUP LED MICRO-FINANCING OF FARMS IN ISUIKWUATO LOCAL GOVERNMENT AREA OF ABIA STATE, NIGERIA
Published in Scientific Papers. Series "Management, Economic Engineering in Agriculture and rural development", Vol. 14 ISSUE 3
Written by Chidozie Onyedikachi ANYIRO, Paschal Nnaemeka AJUKA,Christopher Ogbonna EMEROLE, Ijeoma Esther ORJI
This research analyzed determinants of women’s participation in self help group-led micro-financing of farms in Isuikwuato Local Government Area of Abia State, Nigeria. The specific objectives were to; determine the level of women’s participation in self help group led micro financing of farms; determine the factors that influence women’s participation in self help group micro financing of farms; identify constraints of women participation in self help group micro financing of farms in the study area. Multistage random sampling technique was employed in collecting data from one hundred and twenty (120) members of women self help group using structured questionnaire. The data were analyzed using descriptive statistics, likert scale type and probit regression analysis. The research revealed that the women (respondents) actively participated in self help group meetings ( = 3.07), financial and material contributions (= 3.33), self help group project (= 3.36) and recruitment of fresh members (= 3.16), because their calculated means were greater than the critical midpoint mean score (3.0). The study also showed that the women did not participate in committee membership ( = 2.54) and holding of official executive position (= 2.53) in self help group since the midpoint score (3.0) was greater than their calculated mean values. The result of probit regression analysis showed that women’s participation in self help group led micro financing of farms was influenced by household size, years of membership experience, access to credit, primary occupation, mode of entry and annual contribution. The model predicted 94.69 per cent of the sample correctly and posted a log likelihood value of -33.54958, a pseudo R2value of 0.3013 and a goodness of fit chi-square value of 32.10 which is statistically significant at 1.0% level. Meanwhile irregular monthly contribution and loan default were the major constraints of women’s participation in self help group led micro financing of farms. It was recommended that leadership positions within self help groups should be made to rotate among the broad spectrum of longer serving members. This will ensure greater commitment to group success and sustenance by a greater number of members.