AN ANALYSIS OF THE DIFFERENT REGULAR SOURCES OF COOPERATIVE FINANCE (A CASE STUDY OF SOME SELECTED COOPERATIVE SOCIEITES IN IDEATOR SOUTH LOCAL GOVERNMENT AREA, IMO STATE)

ABSTRACT

In the course of this research work topic “An Analysis of the different regular sources of cooperative finance project was appraised. This was done in order to evaluate the different ways of financing the cooperative project. In cooperative finance project, a lot of sources are enumerated but the most source of it is the share capital which are contributed by members of the society. Data for the research work was collected from both the primary and secondary data, which include questionnaire, personal face to face interview etc. The general constraints that militate the achievement of the cooperative project and how it affect the societies at large was also identified. Finally, to court these constraints, the cooperative society should look for a way to increase their share capital; moreover, the government should assist the society regularly and not seldom so that meaningful project can be initiated.          

TABLE OF CONTENTS

Title page                                                           i

Approval page                                                    ii

Dedication                                                          iii

Acknowledgment                                                 iv

Abstract                                                             v

Table of Contents                                                vi

Chapter One

1.0  Introduction                                                    1

1.1  Background of the Study                                  1

1.2  Statement of the Problem                                 3

1.3  Objectives of the Study                                    4

1.4  Scope of the Study                                                 5

1.5  Research Hypothesis                                        6

1.6  Significance of the Study                                         6

1.7  Limitation of the Study                                     7

1.8  Definition of Terms                                          9

Chapter Two

2.0  Literature Review                                             11

2.1  Definition of Cooperative                                         12

2.2  The Role of Finance in Business Enterprise           14

2.3  Source of Cooperative Finance                                  17

Reference                                                      34

Chapter Three

3.0  Research Methodology                                      35

3.1  Introduction                                                    35

3.2  Research Design                                              36

3.3  Method of Data Collection                                 37

3.4  Population                                                      38

• Sample Size                                                    38
  • Method Of Data Analysis                                   39
  • Questionnaires                                                40

Chapter Four

4.0  Presentation and Analysis of Data                      46

4.1  Presentation of Data                                        46

4.2  Analysis of Data                                              47

4.3  Test of Hypothesis                                           54

Chapter Five

5.0  Summary, Conclusion & Recommendations         60

5.1  Summary                                                       60

5.2  Conclusion                                                      61

5.3  Recommendation                                             62

Bibliography                                                    63

CHAPTER ONE

1.0  INTRODUCTION

1.1  BACKGROUND OF THE STUDY   

Cooperative organization as a form of business organization and an instrument of government development police have undergo series of problems.

The history of Rockdale Equitable pioneers has shown that began in Britain as a revolt against evil practices of individualistic capitalism. Therefore, it emerged as an attempt to create a new, social order where human values will be respected from the equitable pioneers ideas and those of prominent crusaders such as Robert Own, William king, Charles, Philip Buchere, France and all over the word.

Since cooperative arises when individuals realized the need and benefit of acting collectedly, everything aims towards serving great economic need or advantage of members.

But coming to the developing countries of the world of which Nigeria is not exclusive, and taking a critical look at the nature of the problem of which this research work as based that is financial problem in the cooperative, this  happens to be the most important bottle neck to rapid cooperative development.

Robert Owen is one of the prominent  crusaders, who a capitalist and factory owner, He adopted humanitarian idea of treating  the workers with respect, he paid than lucking wages, reduced their hours of work, put a stop to child labor, keep the factory clean, started school for workers children, created workers leisure hours for games and recreation, retained part of the profit made for weeks welfare etc. all these were done in the belief that people world work best  if they are healthy and happy. He further proposed that government should pass factory acts regulating factory conditions and enforcing children education.