Start-up Capital Source and Credit Access Participation of Household Nonfarm Enterprises in Nigeria: Evidence from Logistic Regression Mode

Managing Global Transitions

Paschaline N. Ugwu¹  Divine N. Obodoechi¹  Obed I. Ojonta¹ 

[1] University of Nigeria;

关键词: credit access;    household;    enterprise;    binary logistic regression;    nigeria;   

DOI  :  10.26493/1854-6935.19.249-267

来源: DOAJ

【 摘 要 】

The main focus of this study is to estimate the influence of the main start-up capital source on credit access participation by household nonfarm enterprises. The General Household Survey data for 2018 was adopted to construct a measure of credit access participation. Through binary logistic regression estimation, the result shows that main start-up capital source positively and significantly influences credit access by household nonfarm businesses in Nigeria. This also implies that household nonfarm enterprises that borrowed as main start-up capital source have better chances of credit access participation when compared to those household nonfarm enterprises who do not borrow. However, this study suggests that there is a need for policies that motivate individuals or a group of individuals to borrow as their main start-up capital source in Nigeria, with a view to strengthening their operations on a sustainable basis.