IMPACT OF CO-OPERATIVE FINANCING IN RURAL DEVELOPMENT (A CASE STUDY OF AHIAZU MBAISE AREAL COOPERATIVE COUNCIL

 IMPACT OF CO-OPERATIVE FINANCING IN RURAL DEVELOPMENT (A CASE STUDY OF AHIAZU MBAISE AREAL COOPERATIVE COUNCIL)

ABSTRACT

The researcher wrote on the topic impact of cooperative financing in rural development using Ahiazu Mbaise Area Cooperative Council (ACC) as a case study. The purpose of the study is to determine the contributions of such cooperative project to the development of Ahiazu Mbaise, to identify the forms of cooperative finances that sustain the cooperative project undertaken. During the course of the study, the researcher encountered numerous problems which include insufficient finance, time constraint and the greatest problem the researcher faced was academic stress. Two hypothesis tests were formulated to direct the researcher in his study. The researcher used percentage method in presenting the information collected from his respondents and chi-square (x²) method in testing for his hypothesis. At the end of the hypothesis the test statistics is greater than the critical value, therefore the researcher rejected H₀: and accepted H_I: i.e. Alternate hypothesis. At the end of the study, the researcher was able to make some useful findings, such as cooperative has been recognized as the organizational vehicle for mobilizing the resources of rural primary producer and ensuring acceleration and progress, the government make efforts in developing standard of living in the rural areas. The provision of schools, Health centre and maternity, goof communication Network, construction of roads etc, problems facing Ahiazu Mbaise ACC in financing is as a result of poor management, loan default and lack of trained personnel, cooperative financing has positive impacts such as provision of drinkable water, Health Centre, Market, social amenities etc in the rural development. Therefore, the researcher concluded that cooperative financing has an impact on rural development.

TABLE OF CONTENTS

Title Page                                                                                        i

Approval Page                                                                                ii

Dedication                                                                                                 iii

Acknowledgement                                                                          iv-vi

Abstract                                                                                           vii-viii

Table of Contents                                                                           ix-x

CHAPTER ONE

1.0       Introduction                                                                            1

1.1    Background of the Study                                                     1-5

1.2    Statement of the Problems                                                  5-6

1.3    The Objectives of the Study                                                          6

1.4    Research Question                                                               7

1.5    Statement of Hypothesis                                                      7

1.6    Significant of the Study                                                        8

1.7    The Scope of the Study                                                       9

1.8    The Limitation of the Study                                                  9

1.9    Definition of Terms                                                               10-11

CHAPTER TWO

2.0       Literature Review                                                                  12

2.1    Rural Development and Finance                                        12-14

2.2    Various Kinds of Cooperative in Nigeria                                      15-19

2.3    Source of Cooperative Funds                                             19-23

2.4    Utilization of Cooperative Fund                                           23-25

2.5    Cooperative Financing                                                                   25-30

CHAPTER THREE

3.0       Research Methodology                                                        31

3.1    Introduction                                                                            31

3.2    Research Design                                                                  31

3.3    Sampling Design                                                                   31-32

3.4    Sources of Data                                                                    33

3.5    Method of Data Analysis                                                      33-35

CHAPTER FOUR

4.0       Presentation and Analysis of Data                                               36-41

4.1    Decision for Test of Hypothesis I                                        42-45

CHAPTER FIVE

5.0       Summary of findings, Conclusion and

Recommendations                                                              46

5.1    Summary of Findings                                                           46-47

5.2    Conclusion                                                                             47

5.3    Recommendation                                                                 48-49

Bibliography                                                                           50-51

Questionnaire                                                                        52-54

 IMPACT OF CO-OPERATIVE FINANCING IN RURAL DEVELOPMENT (A CASE STUDY OF AHIAZU MBAISE AREAL COOPERATIVE COUNCIL)