Determinants of loan repayment among agricultural microcredit finance group members in Delta state, Nigeria

Background:This study examined the determinants of loan repayment among microcredit finance group members in Delta State,Nigeria.Methods:To capture the determinants of loan repayment in the study area,a total of 48 microcredit groups and 300 microcredit group members were randomly selected through a multi-stage random sampling technique.The study data was collected by questionnaire.Statistical tools such as simple descriptive statistics(table,frequency,percentage and mean)and a multiple regression analysis were used to examine the data.Results:The results indicate that females form a greater proportion of the study area microcredit group members at 70%,moreover 73%of the respondents have a household size of between 6 to 10 persons.These findings revealed that the groups had a mean 8 years of existence with a mean membership size of 13 persons.Further,an average interest rate of 40 percent per annum was charged on loans,with mean loan duration of 6 months.The regression’s result demonstrated that the determinants of the group member’s loan repayment included the group member’s age,household size,house income,and educational level,the amount of credit received,length of stay in their locality,distance to the credit source,supervision and disbursement lag.Conclusion:Therefore it was suggested that the various agricultural microcredit finance groups should carefully examine the significant determinants of loan repayment for the approach’s viability and sustainability and for optimum repayment performance.

On a Flexible Loan Repayment Method Depending on Borrower's Asset with an Early Termination Clause

Aiming at the problem that the asset’s fluctuation influences the borrower’s repayment ability,a loan with a new and flexible repayment method is designed,which depends on the asset value of the borrower.The repayment method can reduce the loan default probability,but it causes the uncertainty of the pay off time.Because the repayment term is related to the regular repayment amount in this method,a boundary for the regular repayment amount is set up in order to avoid too long repayment term.This will balance the benefit of borrowers and lenders and improve the applicability of this method.By establishing a mathematical model of the residual value of the loan,this model can be transformed into an initial-boundary problem of a partial differential equation.The analytic solution and the expected time to pay off the loan are obtained.Finally,numerical analysis are shown.

Does Blacklisting Student Loan Defaulters Help Repayments to Banks?

Between 2005 and 2007,the China Development Bank offered 1.66 billion yuan($237 million) worth of loans to 243,000 stu- dents from poor families in central China’s Henan Province.

A socioeconomic approach to the profile of microcredit holders from the Hispanic minority in the USA

The subject of this study is the microcredit market in the USA,more specifically in Florida.The justification for choosing this specific state is the massive presence of the Hispanic population.This will facilitate a generalization of the obtained results to the microcredit market in Latin American countries.Thus,the objective of this study is to analyze the profile of microcredit holders and their companies from socioeconomic and financial points of view.As our data also consider the degree of repayment of the microloans included in the sample,the clients’profile is related to the punctuality or default of their corresponding loan repayments using the methodology of multi-nomial logit regression.The variables used in this study refer to personal information concerning borrowers(gender,age,education level,and marital status),the economic situation of their respective companies(closeness to the lender,number of workers,and revenues),and the characteristics of granted loans(principal,term,and purpose).However,the results of the regression show that only two variables are significant at the 5%significance level:the borrower’s age,which has a positive effect on repay-ment punctuality,and the loan term,which exhibits a negative effect.The findings of this study have clear implications,as they can help lenders design suitable microloans adjusted to customer profiles.Finally,future research should include other demograph-ics and characteristics of affected companies.

Struggling Angel——Comparison between Tess and Marguerite

In literature,there are many successfully created women characters. The essay chooses two of them: Tess and Marguerite. Tess was a typical example in British literature,while Marguerite was a typical example in French literature. Hardy and Dumas fils are the two who were greatly influenced by their own experiences; meanwhile,they witnessed the suffering of the women in the lower class of society. So they could vividly and truthfully depict the inner state of the women in their time. In fact,that's why the two characters were so real to the readers. Both of the two women were regarded as impure and unacceptable to the contemporary people,however,in the writer's eyes,they were not only pure,but also noble in nature. For although they suffered a lot after the turns in their lives,neither of them stopped treating others kindly. Especially when they found their true love,they courageously devoted to it. For their true love,they unexceptionally chose to suffer themselves in order to make their lovers happy after the strong conflict in their heart. In the end,each of the two won others' respect and their lovers' love and understanding.

Struggling Angel——Comparison between Tess and Marguerite

In literature,there are many successfully created women characters.The essay chooses two of them:Tess and Marguerite.Tess was a typical example in British literature,while Marguerite was a typical example in French literature.Hardy and Dumas fils are the two who were greatly influenced by their own experiences;meanwhile,they witnessed the suffering of the women in the lower class of society.So they could vividly and truthfully depict the inner state of the women in their time.In fact,that's why the two characters were so real to the readers.Both of the two women were regarded as impure and unacceptable to the contemporary people,however,in the writer's eyes,they were not only pure,but also noble in nature.For although they suffered a lot after the turns in their lives,neither of them stopped treating others kindly.Especially when they found their true love,they courageously devoted to it.For their true love,they unexceptionally chose to suffer themselves in order to make their lovers happy after the strong conflict in their heart.In the end,each of the two won others' respect and their lovers' love and understanding.

Is the Limit of Four Times the Primary Interest Rate of Loan Reasonable

On the basis of the observation of the real earnings rates and the debt repayment ability of China’s enterprises,considering the maintenance of the normal order of the borrowing and lending markets,this paper believes that a 20 percent level of interest rate or rate of return is a suitable cutoff point for the up limit,which is in line with China’s conditions.For this reason,we recommend that the primary interest rate of three times of the loan should be adopted to determine the up limit of annual rate of private borrowing and lending allowed by policy,this is relatively consistent with China’s current reality.