Determinants of microcredit access: Empirical analysis from South-West Nigeria

Accessibility and prudent utilization of microcredit by the poor can serve as a vital role in poverty reduction and economic development,particularly in a developing economy. this study examines the factors that determine the accessibility of the poor to microcredit loan in nigeria. a total sum of 1,134 microfinance loan beneficiaries and non-beneficiaries were sampled from the study area. descriptive statistics and logit regression model analysis were adopted. the result revealed that age,household size,business worth,skill/experience,education level,assets,health standard,living standard and income are significant in determining the accessibility of the poor to microfinance loan. mfis should endeavor to create more awareness to the poor and arrange training to enhance human capital development in order to ease accessibility to microcredit. © 2017,statistical economic and social research. all rights reserved.