Effects of micro-credit on economic status of Agricultural household in Talavera, Nueva Ecija [manuscript]
Date
2020
Authors
Ronel L. Lazo
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Abstract
This study was conducted to examine the effects of microfinance credit on the economic status of agricultural household in Talavera, Nueva Ecija. the significant factors found in the study include the amounts of loan, length of membership and credit period while the distance of the borrowers to the microcredit institution was found not significant.
Moreover, the business income of household borrowers had increased by 0.54% for every 1% additional loan.
The length of membership suggest that the longer one can stay as credit customers the higher additional business income could be generated. Finally, the credit period defines the debt service attitude of the borrower hence, the shorter the period become more beneficial to the customer in terms of lower interest expense and faster loan restructuring.