Abstract
Research evidence shows that commercial banks are not keenly interested in financing agriculture The commercial banks on the other hand argue that the farmers and governments have not provided a default risk-reducing environment to enhance lending. In the light of the foregoing , the participatory rural appraisal technique [PRA] is being proposed as a remedy for rapid transformation of the agricultural sector/poverty reduction. There is the need therefore for a thorough insight into the different dimension of default risk as a means of suggesting some ways by which it could be reduced. It is for this reason that PRA was employed in this survey to identify potential beneficiaries before evolving the loan scheme. It is crucial as we can now maintain close contact with the borrowers through regular visit to keep the obligation constantly before him.
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