<b>Spatial Distribution of Micro Finance Institutions and Agricultural Development in Ekiti State, Nigeria</b>

Abstract

This study examines the impact of spatial distribution of Micro-finance institutions on Agricultural development in Ekiti State, Nigeria. Agriculture is an engine for economic growth in developing countries and rural microfinance is also critical to that growth. Data for this study were collected through primary sources. Three hundred (300) copies of questionnaires were administered on randomly selected farmers in the tree local government, selected across the three Senatorial Districts in Ekiti State Nigeria. The finding shows that problems of collateral security and poor facilities were the major impediments to agricultural development in the study area. This study therefore suggests a relaxed policy of collateral security to facilitate credit facilities for the farmers, especially in the study area.

Key words: Agriculture, Development, Ekiti State, Nigeria, Micro- Finance, Institutions and Spatial Distribution.