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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Assessing the Participatory Aspects of Credit Programmes: Evidence from a Village Adoption Scheme in Nigeria
Author:Okoye, C.U.ISNI
Year:1998
Periodical:Development Policy Review
Volume:16
Issue:2
Period:June
Pages:115-130
Language:English
Geographic term:Nigeria
Subjects:credit
Economics and Trade
Development and Technology
Peoples of Africa (Ethnic Groups)
External link:https://doi.org/10.1111/1467-7679.00054
Abstract:In Nigeria, with the inception of the Structural Adjustment Programme (SAP) since 1986, two features came to be identified in terms of rural development approaches: a tendency towards reduced government investment in agriculture, and a growing need for private/public sector partnerships in economic activity. It was in this context that the Village Adoption Scheme (VAS) was initiated, with a special focus on greater commitment and participation on the part of beneficiaries and credit managers. After dealing with the question of how important participation is in the success of credit programmes, the author looks at the way how the VAS framework addresses problems confronting rural finance institutions, particularly ensuring efficient and relatively low-cost procedures for screening borrowers, processing and monitoring loans and mobilizing and servicing voluntary savings, and achieving adequate loan collection. Despite these participation provisions in the VAS, and the progress made in addressing problems of rural credit administration, the experience in Anambra State points to a number of lingering implementational problems, viz. differences in traditional participative ethics, rigidity of stakeholders' management ethics, risks involved in widening the scope of participation, and apathy among farmers. Bibliogr.
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