Farmers Utilization Of Loan Schemes Of The Nigerian Agricultural And Cooperatives Bank (Nacrdb) In Abia State, Nigeria

This study on utilization of loans was conducted in the five branches of theNigerian Agricultural and Cooperatives Bank (NACRDB), in Abia State Nigeria. Two farmer customers were sampled randomly in proportion to the category of the bank branch . Thirty-two (32) farmers who had mandatory savings with the bank were involved. The savings rate across the branches averaged 8.33% but the borrowing rate was as high as 75.18% across the bank branches. A relatively higher proportion of the loans served re-capitalization purposes than start-up needs of the participants/beneficiaries .Experienced farmers with ongoing projects were more prepared to manage credit facilities and should be considered for more loans whenever they meet up with the conditions for such new contracts Keywords: Participation, Start-up needs, Re-capitalization needs.Global Approaches to Extension Practice Vol. 3 (2) 2007: pp. 44-4