LOAN REPAYMENT AND CREDIT WORTHINESS OF FARMERS UNDER BANK OF AGRICULTURE IN ENUGU STATE OF NIGERIA

The loan repayment and credit worthiness of farmers under Bank of Agriculture (BOA) in Enugu State were studied. One hundred and twenty respondents were randomly selected for the study using multi stage random sampling technique. The data for the study were collected using a well-structured questionnaire and interview schedule. Multiple regression analysis and logistic analysis were used to address the objectives of the study. The determinant factors to loan repayment in the study area were off -farm income, educational level and membership of organization. In addition, the factors affecting the farmers’ credit worthiness were distance from the bank, all-weather road, educational level and off-farm income.  The need to ensure farmers’ access to educational programme, off- farm income employment and to form or join cooperative society were proffered.