Applied Economics Journal

Applied Economics Journal

ISSN 0858-9291

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  • AEJ highlights the applications of concepts and theories to issues in micro- and macroeconomics
  • Double-blind peer review
  • Two issues a year (Jun, Dec)
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Vol. 20 No. 2
Vol. 20 No. 2
Household Assets and Rural Finance in Nigeria


Onafowokan O. Oluyombo


The study assesses the roles played by the loan service of cooperatives on household assets acquisition among cooperative members in Ogun State rural communities where there is no bank. Independent student test and one way analysis of variance were used to analyze the data collected through questionnaire from 302 members. The study shows that the following assets – land, generator, television, radio and refrigerator – were more likely to be acquired by members than non-members. This is an indication of improvement in members’ standard of living made possible through access to cooperative loans. The study provided more evidence on the importance of land ownership, and how this is enhanced when rural communities have access to affordable loans. The study did not find evidence that cooperative members took advantage of the program, which is self sustained by their own savings, to acquire buildings and motor vehicles.

Keywords:   Assets, rural finance, cooperative, standard of living, informal finance JEL Classification: B26, D14, D61, G23

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Faculty of Economics Kasetsart University :  Center for Applied Economic Research (CAER) :  Other Journals :  Thai-Journal Citation Index Centre (TCI) (TCI)

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Kasersart University Journal of Economics
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