Informal Lending Practices and Profitability of Rice Retailers in Borongan City
Journal Title: American Journal of Agricultural Science, Engineering, and Technology - Year 2021, Vol 5, Issue 2
Abstract
This correlational study explored the relationship between informal lender's practices and profitability of fifty-three (53) rice retailers in city of Borongan using a researcher-made-three part questionnaire on the business profile, level of practices among informal lenders and weekly income of the respondents. Data were sourced out from rice retailers who lent sum of money from “5-6†informal lenders, and were utilized using descriptive and inferential analysis test at .05 level of significance. Findings revealed that Majority of the respondents had been in the middle years of retailing business, used an average initial capital sourced out from their personal savings and are earning an average weekly income. The respondents’ perceived that informal lenders assess clients’ financial needs and willingness to pay without requiring collateral from them and that rice-retailers reloan due to fast processing of funds and the great customer service. Using regression analysis, year in business was found to be a significant predictor of increase in the profitability of rice retailing services. While, no significant relationship was seen between the rice retailers’ weekly net income and the level of practice among informal lenders. The researcher recommends that government and non-government agencies to provide intervention that will improve the microbusiness enterprise in the market using the help of informal and formal lending institutions and that wider scope of the study should be made to include other small business sectors that are affected by informal lenders.
Authors and Affiliations
Timothy Freth Lagria
Keywords
Related Articles
- EP ID EP709058
- DOI https://doi.org/10.54536/ajaset.v5i2.97
- Views 52
- Downloads 0
Biocontrol of Foot and Root Rot Disease of Groundnut (Arachis hypogaea) by Dual Inoculation with Rhizobium and Arbuscular Mycorrhiza
The present study was carried out to investigate the potential of AM (Arbuscular mycorrhiza) fungi alone and in combination with bioinoculants i.e., Rhizobium to find out the best combination on dry biomass, nodulation,...
Morphological and Biochemical Attributes of Mustard as Influenced by Different Concentrations of Gibberellic Acid (GA3)
A plot experiment was conducted at the Crop Botany Field Laboratory, Department of Crop Botany, Bangladesh Agricultural University during November 2007 to March 2008 to evaluate the effects of Gibberellic Acid (GA3) on m...
An Ontological Security Framework to Secure the SDN based IoT Networks
The IoT (Internet of Things) is now a trendy technology with its numerous apps in multiple areas. It includes a heterogeneous amount of Internet and mutually linked devices. Since the IoT network is characterized by tiny...
Identification of Key Components of Payment For Ecosystem Services (Pes) Mechanism In Begnas Lake Watershed of Pokhara-Lekhnath Metropolitan City, Nepal
Payment for Ecosystem Service (PES) scheme for certain ecosystem services is being used as a mechanism to provide incentive to suppliers of the services by the beneficiaries. In Nepal, PES like schemes is in practice sin...
Fitting and Forecasting of Trend Models for the HYV Boro Yields of Dinajpur District
Bangladesh is a densely populated country and the main food of the country is rice. Although the High Yielding Variety (HYV) Bro rice is being cultivated in almost all areas of Bangladesh it is enormously cultivated in D...