Table 4.
Determinants of access and amount of trade credit.
| Variable | First hurdle (probability of accessing trade credit) | Second hurdle (amount of trade credit) |
|---|---|---|
| Coefficient (Z value) | Coefficient (Z value) | |
| Age | −0.111**(−1.98) | 1.356(1.01) |
| Gender | 0.369**(2.56) | 6.769**(2.17) |
| Household size | 0.043***(2.98) | 5.607**(2.05) |
| Years of education | −0.264(−1.43) | 2.395(0.87) |
| Years of experience in cocoa farming | 0.632(0.64) | 7.954***(5.49) |
| Farm size | 0.130**(2.28) | 1.763(0.12) |
| Cooperative membership | 0.875***(5.03) | 7.090**(2.33) |
| Access to Extension service | −0.086(−0.38) | 5.322(1.41) |
| Asset value | 0.601***(2.98) | 7.856***(3.00) |
| Constant | 0.013**(2.03) | 1.618**(2.15) |
| No of Obs | 240 | 240 |
| Wald chi2 (18) | 94.87 | |
| Pseudo R2 | 0.293 | |
| Prob > chi2 | 0.000 | |
| Log-likelihood | −2272 | |
| Ln sigma Constant | 1.173***(6.90) |
***, ** &* represent significance levels at 1%, , respectively.
Source: Field survey, 2020.