Bundling cash loans with agricultural input loans for farmers in Nigeria: A pilot study

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dc.creatorAmbler, Kate
dc.creatorBalana, Bedru
dc.creatorBloem, Jeffrey R.
dc.creatorMaruyama, Eduardo
dc.creatorOlanrewaju, Opeyemi
dc.date2023-12-19
dc.date2024-03-14T12:08:59Z
dc.date2024-03-14T12:08:59Z
dc.date.accessioned2026-06-27T15:08:00Z
dc.descriptionCredit allows borrowers to access funds required to make an investment before returns materialize. For smallholder farmers, who must invest in agricultural inputs (i.e., seeds, chemicals, equipment, land, and labor) during the planting season before earning income from the sale of agricultural produce after har vest, credit helps alleviate liquidity constraints and promotes the ability of local agricultural production to support nutrition and food security. In rural Nigeria, access to credit—especially formal credit from finan cial institutions—is limited. Data collected in 2020 show that less than a third of households in rural Ni geria report using credit in the previous 12 months and only two percent of rural households borrowed credit from a financial institution. The rest is borrowed informally from friends, family, or local money lenders. In the absence of credit, smallholder farmers must cover the costs of agricultural production with their own funds that they have available during the planting season. This constrains agricultural production and contributes, in part, to the large gaps in agricultural productivity between high-income and low-in come countries around the world.
dc.formatapplication/pdf
dc.identifierhttps://hdl.handle.net/10568/140154
dc.identifier.urihttp://hdl.handle.net/123456789/95522
dc.languageen
dc.publisherInternational Food Policy Research Institute
dc.rightsOpen Access
dc.sourceAmbler, Kate; Balana, Bedru; Bloem, Jeffrey R.; Maruyama, Eduardo; and Olanrewaju, Opeyemi. 2023. Bundling cash loans with agricultural input loans for farmers in Nigeria: A pilot study. Rethinking Food Markets Initiative Project Note December 2023. Washington, DC: International Food Policy Research Institute (IFPRI). https://doi.org/10.2499/p15738coll2.137032.
dc.subjectincome
dc.subjectinvestment
dc.subjectcapacity development
dc.subjectfarm inputs
dc.subjectsmallholders
dc.subjectnutrition
dc.subjectfood security
dc.subjectcredit
dc.subjectinvestments
dc.titleBundling cash loans with agricultural input loans for farmers in Nigeria: A pilot study
dc.typeBrief

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Instituto Internacional de Investigación sobre Políticas Alimentarias (IFPRI)