Gender-Based Statistical Assessment of Loan Repayment Patterns: Evidence from Guaranty Trust Bank, Maiduguri
DOI:
https://doi.org/10.64321/jcr.v2i5.14Keywords:
Loan Repayment Default, Gender Analysis, Guaranty Trust Bank, Banking Sector, NigeriaAbstract
Loan repayment defaults pose significant risks to banks, the economy, and customers. This study investigates gender differences in loan repayment defaults, focusing on Guaranty Trust Bank, Maiduguri, Borno State, Nigeria. Specifically, it examines the prevalence of defaults between male and female borrowers and evaluates trends over the period 2021–2023. Data were analyzed using descriptive statistics (bar charts) and inferential statistics (t-tests) with SPSS version 21, after testing the assumptions of normality and homoscedasticity. The results revealed a statistically significant difference between male and female loan defaulters, with male customers recording higher default rates. Moreover, an upward trend in defaults was observed across the three years. The study recommends that commercial banks strengthen loan recovery strategies, particularly in sectors with high default risks, and enforce stricter guarantor requirements to ensure compliance with repayment obligations.
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Copyright (c) 2025 Paul Moses Medugu
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