INTERNATIONAL JOURNAL OF STUDENT PERFORMANCE AND EDUCATIONAL RESEARCH

Abstract

This study examined Effect of Credit Use on the Economic Efficiency of Cocoa Seeds Processing and Seedlings Producing Entrepreneurs in South East-Nigeria. A multi-stage random sampling technique was used in choosing the sample. Primary data collected from 180 seeds and seedlings producing entrepreneurs were used for the study. Data collected were analyzed using descriptive statistics and Z-Test. Findings showed that majority (55.56%) of cocoa seed processing and cocoa seedlings producing entrepreneurs used the informal credit while the remaining (44.44%) cocoa seed processing and cocoa seedlings producing entrepreneurs used the formal credit. The Z-test result showed the mean seeds processing formal credit users and informal credit users to be 0.00408 and 0.00446 respectively, while seedling producing formal and informal credit users to be 0.02727 and 0.07227 respectively. The study recommends that formal institutions should make credit available to cocoa seeds processors and seedlings producers to enable them invest more so as to increase their income which will lead to development of the economy.