COMMUNITY BANKING AND ECONOMIC DEVELOPMENT IN DELTA STATE A CASE STUDY OF AGBORKA COMMUNITY BANK AGBOR

ABSTRACT

The aim of this research work is to investigate the community banking and economic development in Agbor Community. The researcher’s used in questionnaire and personal interview in gathering responses from the respondent. The first chapter of this project deals with statement of problem, purpose of study etc. The second looks at the literature review with special emphasis on history and origin of community banks. The third chapter examines method of data collection analysis etc. The fourth chapter examines questions that was asked in chapter one. Finally chapter five deals with summary, recommendation and conclusion.

TABLE OF CONTENT
Page
Titlei
Approvalii
Dedicationiii
Acknowledgement iv
Abstractv
Table of contentvi
CHAPTERONE
1.1 Background of Study1
1.2 Statement of the Problem3
1.3 Objective of the Study4
1.4 Research Question5
1.5 Significant of the Study6
1.6 Limitation of the Study6
1.7 Operational Definition of Terms7
CHAPTER TWO
2.1 Introduction8
2.2 Evolution of Community Bank8
2.3 Major Roles and Objectives9
2.4 How Community Banks Make Their Profit10
2.5 Ownership and Requirement Structure for Establishing Community Banks 11
2.6 Rural Development by Community Banks13
2.7 Relationship between the Community Banks and the Central Bank14
2.8 Differences Between Community Banks18
2.9 The Functions of Community Banks19
CHAPTER THREE
3.0 Introduction21
3.1 Research Design21
3.2 Method of Data Collection21
3.3 Sampling Procedures22
3.4 Instrumentation22
3.5 Validity of Instrument23
3.6 Reliability of Instruments23
CHAPTER FOUR
Data Presentation and Analysis
4.1 Introduction24
4.2 Analysis of Data26
CHAPTER FIVE
Summary of Findings, Conclusionand Recommendations
5.1 Summary29
5.2 Findings29
5.3 Conclusion30
5.4 Recommendation31
5.5 Suggestion for further studies32
References
Appendix

CHAPTER ONE

INTRODUCTION

BACKGROUND OF STUDY

Community bank in a simple, term is a unit banking institution which is owned by people from the community or some group of individuals who contribute money as share holders to the bank thus sewing only the communities where they are situated.
The community bank implementation committee (CBIC) was inaugurated in September, 2010 by President Babangida with secretary to government of the federation AlhajiAligu Mohammed as the chairman.
The conditions set aside by the Babangida’s Regime restricts their primary services like.
Survival of the communities across the country was impossible, especially those located in the remotest areas because people were afraid to invest their hard earned money in a venture that mean a product of structural adjustment programme (SAP).
Community banks with some years in existence have recorded success because they are founded on the concept of community involvement and participation on it’s ownership and structure.
They succeeded in being flexible to give services to members who are in need rather than projects making. The community bank can open late and close late. It can open on Saturdays or market days to enable the rural dwellers that might be ignorant of other banking system contact them easily.

Furthermore, population of people in a community can pose serious danger in the development of community bank because the fewer the people in an area, the fewer market volume of the bank in that area. However, one of the major constraints in the survival of community bank is lack of proper awareness of what community banks stand for and it’s services in promoting business enterprises in rural environs.
The major purpose for introducing community banks it to assist in the development of Nigeria, starting from the grass roots (communities) especially in the rural areas, so the need for conditions restricting their primary services is uncalled for, rather should be allowed to meet the needs of the rural dwellers.
Bringing community bank to the door steps of the people, will vehemently bring the credit aiding activities like, Agricultural credit guarantee scheme, most of all the rural banking scheme since there are number of branches in the rural areas around the country in order to boost the quality of rural life.