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An Assessment Of Microlending Programs In The Alabama Black Belt Region, Md Z. Mutaleb, Ntam R. Baharanyi, Nii O. Tackie, Robert Zabawa
An Assessment Of Microlending Programs In The Alabama Black Belt Region, Md Z. Mutaleb, Ntam R. Baharanyi, Nii O. Tackie, Robert Zabawa
Professional Agricultural Workers Journal
Abstract
The objective of this study was to assess the impact of selected socioeconomic factors on microlending in the Alabama Black Belt. It used logistic regression to identify the link between borrower socioeconomic characteristics and loan repayment rate from existing and previous microloan programs. It was hypothesized that borrower gender, age, level of education, household income, and credit score has a major impact on loan repayment. The results of study indicated that only credit score had a statistically significant effect on loan repayment. This finding underscores the importance of credit score and credit repair management in existing microloan programs, given …