THE IMPACT OF THRIFT AND CREDIT COOPERATIVE SOCIETY ON WORKERS WELFARE AND PRODUCTIVITY IN AN ORGANIZATION(A CASE STUDY OF NBC THRIFT AND CREDIT COOPERATIVE SOCIETY OWERRI)

ABSTRACT

There has been a statement, observation and agreement on the fact that co-operative societies are formed mainly for the betterment of the economic and social conditions of the members whether they operate on isolation or individual. Infact, the strength and weakness of cooperative societies Nigeria can be accessed through their ability to maintain stable prices of essential commodities and service are made available in the right market at the right time in order to meet up with the right demand level of consumer at a stable or reasonable price in the state, they have to be provided with adequate strong facilities, raw material and enough credit facilities (Funds from financial institutions). The state government should help in educating the member of co-operative societies, since some of them are illiterate members, they can be reached through the use of media organizations or through their co-operative societies informing them the importance of co-operative and the need to improve production and marketing of goods and services.

TABLE OF CONTENTS

Title page                                                                     i

Approval page                                                               ii

Dedication                                                                    iii

Acknowledgment                                                           iv

Abstract                                                                       v

Table of content                                                            vi

CHAPTER ONE

1. Introduction

1.1  Background of the study

1.2  Statement of the problem

1.3  Objective of the study

1.4  Research question

1.5  Significance of the study

1.6  Scope of the study

1.7  Limitation of the study

1.8  Definition of terms

CHAPTER TWO

• Literature review

2.1  Introduction

2.2  Meaning and scope of cooperative

2.3  Impact of cooperative in promoting workers welfare

2.4  Cooperative and human resources empowerment

2.5  The concept of welfare management in cooperative

2.5  Challenges of credit allocation to cooperative members

CHAPTER THREE

• Research design and methodology

3.1  Introduction

3.2  Research Design

3.3  Sources / method of data collection

3.4  Population and sample size

3.5  Sample technique

3.6  Validity and reliability of measurement instrument

3.7  Method of data analysis

CHAPTER FOUR

• Presentation and analysis of data

4.1  Introduction

4.2  Presentation of data

4.3  Analysis of data

4.4  Interpretation of results

CHAPTER FIVE

• Summary, conclusion and recommendations

5.1  Introduction

5.2  Summary of findings

5.3  Conclusion

5.4  Recommendations

       References

       appendix

CHAPTER ONE

1. INTRODUCTION

Cooperative society is a voluntary association of persons with a common need who come together and pulls their resources together to form a capital base necessary for their members. It has been long being a human characteristics to form association to provide essential commodities shelters employment and other forms of mutual support, mutual benefits derivable by families and individuals working together at harvest or other agreed times control be seen in many communities around the world being a way to recognize manpower to achieve a particular purpose for example building houses, digging wells or other communal facilities.

Membership is open to the resident of a particular locality and it is society that one agree to join nobody persuade anybody to join, this is so because it is the society that will help to achieve people common needs.

Individuals always like to associate in as much as association will bring about improvement in their economic activities or such association as may served as a stepping stone in achieving of once desire of started goals. In cooperative individuals usually come in with their personal objective and such objective and such objective must be give to that of organization. Experience shows that cooperative organization are formed by lower and middle income earners with an aim of uplifting their standard of living.

As many people have said that the formation of cooperative is for poor people not for rich, it is true statement because no comfortable person will like to join association of pulling resources together. It is only for those who have common needs that can join this association in order to work collectively to achieve such needs which would not have been easily achieved by individuals.

1.1  BACKGROUND OF THE STUDY

     The idea of forming a thrift and credit cooperative society to help its members to obtain credit and other monetary incentives is a step towards human capital empowerment and assistance. Nigeria Bottling Company Owerri thrift and credit cooperative society has been a cooperative with the passion of assisting its members to alleviate poverty and improve their standard of living through credit grants. The cooperative has been in existence for over 15 years and has operated with a strong success story. It was formed by a group staff in the Nigeria Bottling Company Owerri plant to assist its members. The idea is a big vision of poverty alleviation. The effect of poverty eradication program should be recommended and organizing the members into self help natures like the thrift and credit cooperative society, as a way of looking forward which is in consonance with government policies and programs is a welcome development.

       Today, this organization has been noted a having become one of the fastest and largest growing cooperative society that has continued to empower its members to alleviate their suffering. Therefore, this research would examine the activities of this people was carefully and point out the impacts they have made in helping members who are workers of the company to improve their perception about work and propel them to give in their best thereby yielding greater productivity in the company.