Access to finance from financial institutions among the smallholder’s cashew nut producers in Tandahimba District - Tanzania
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Date
2023
Journal Title
Journal ISSN
Volume Title
Publisher
American Journal of Humanities and Social Sciences Research (AJHSSR)
Abstract
The study was carried out among the cashew nut producers in Tandahimba District to identify
factors that influence smallholder’s cashew nut producers to access finance from financial institutions. The study
employed a cross-sectional research design, whereby a sample size of 100 respondents was used. Data were
collected through a household survey and interviews. Quantitative and qualitative data were analyzed by using
binary logistic regression and content analysis respectively. The results show that factors influencing cashew nut
smallholder’s producers to access finance from financial institutions are: age of the producers’ (p = 0.001), having
financial statements for at least three years of producers’ in cooperatives (p = 0.027), cooperative membership to
cooperative union (p = 0.014), absence of criminal cases (p = 0.042), certificate of maximum liability from
registrar of cooperatives (p = 0.011), minutes of the meeting which approved application for the loan for
cooperatives (p = 0.041), farm/ land size (p = 0.044) and effectiveness of cooperative association in linking
producers’ to getting a loan from a financial institution (p = 0.032). The study concludes that, the identified factors
can be used for efficient access to finances among smallholder’s cashew nut producers in Tandahimba district.
Description
Research Paper, pp 50-59
Keywords
Finance, Financial institutions, Smallholder farmer, Warehouse receipt system.
Citation
https://www.ajhssr.com/wp-content/uploads/2023/10/F237105059.pdf