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Micro Credit Supply by Country Women Association of Nigeria (COWAN) to Rural Women in Ondo State, Nigeria

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Abstract:

This study examined the micro-credit given to rural women by Country Women Association of Nigeria (COWAN) in Ondo State. One hundred and six rural women were selected in four local government area of Ondo State, using multi-stage random sampling technique. The study revealed that majority of the respondents age ranges between 21-31 years and 66% were married. The result further showed that respondents` attitude towards COWAN micro-credit are mostly favourable. The constraints encountered by the respondents include inadequate funding, problem of repayment of loan and inability of rural women to pay back the loan. Finally, the chi-square revealed that age, marital status, educational level and religion have no significant relationship with micro-credit received from COWAN organization.

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