Purpose

The goal of this study was to determine the impact of access to credit facilities on financial performance among farmers of cooperative societies. The study also tested the predictive power of financial literacy.

Design/methodology/approach

The descriptive survey research design was used for the study while the sample size was 240 farmers of cooperative societies from South-East Nigeria. The farmers were categorised into those with access to credit facilities and those without access to credit facilities. A structured questionnaire was used to collect data for the study. Data were analysed using multiple analyses of variance (MANOVA) and multiple regression analysis.

Findings

Farmers with access to credit facilities reported higher financial performance such as return on investment, working capital, net profit, profit margin and sales. However, those without access to credit facilities reported lower mean scores on financial performance. Also, financial literacy, like financial knowledge, attitude and awareness, significantly predicts the impact of access to credit facilities on financial performance. It was also found that the duration of repayment of credit facilities, like medium and long term, contributes more to improving financial performance.

Originality/value

This study has shown that even though access to credit facilities impacts financial performance, financial literacy is an important consideration. Also, the duration of repayment is a crucial factor.

中文翻译：

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合作社农民信贷获取对财务绩效的影响：金融素养的预测作用

目的

本研究的目的是确定获得信贷设施对合作社农民财务绩效的影响。该研究还测试了金融知识的预测能力。

设计/方法论/途径

本研究采用描述性调查研究设计，样本量为尼日利亚东南部合作社的 240 名农民。农民被分为能够获得信贷设施的农民和无法获得信贷设施的农民。使用结构化调查问卷来收集研究数据。使用多重方差分析（MANOVA）和多重回归分析来分析数据。

发现

获得信贷服务的农民报告了更高的财务绩效，例如投资回报率、营运资金、净利润、利润率和销售额。然而，那些无法获得信贷服务的人的财务绩效平均得分较低。此外，金融素养，如金融知识、态度和意识，可以显着预测获得信贷便利对财务绩效的影响。研究还发现，信贷额度的还款期限（如中长期）对改善财务绩效的贡献更大。

原创性/价值

这项研究表明，尽管获得信贷设施会影响财务绩效，但金融知识是一个重要的考虑因素。此外，还款期限也是一个重要因素。