LOAN DELINQUENCY IN MULTI PURPOSE COOPERATIVE UNION IN KWARA STATE, NIGERIA LE PROBLEME DU NON REMBOURSEMENT DES PRETS DE L'UNION COOPERATIVE A OBJECTIFS MULTIPLES DANS L'ETAT DE KWARA AU NIGERIA
The concern with agricultural credit in recent years is an indication of the growing awareness of the vital supportive role of credit in agricultural development. This is clearly manifested in the promulgation of various credit programs and policies, the basic thrust of which is to reorient agricultural credit activities towards preferred areas of financing, and away from the traditional biases that marked the credit system in the past. Although notable gains have already been achieved in this direction, critical problems and issues remain to be resolved, particularly in the area of non repayment of loans. It is in the light of that this study was undertaken. The objective of the research thus, were to assess the repayment capacity of the farmers of Owolowo Multi purpose Cooperative Union and then determine major factors associated with arrearages problem by considering the view points of both lenders and borrowers and then suggest strategies that might mitigate the problem.