Select Currency
Translate this page

AN EXAMINATION OF THE ROLE COOPERATIVE THRIFT AND CREDIT SOCIETIES TO THE DEVELOPMENT OF URBAN AREA.

Format: MS WORD  |  Chapter: 1-5  |  Pages: 66  |  1652 Users found this project useful  |  Price NGN5,000

  DOWNLOAD THE FULL PROJECT

AN EXAMINATION OF THE ROLE COOPERATIVE THRIFT AND CREDIT SOCIETIES TO THE DEVELOPMENT OF URBAN AREA

 

CHAPTER ONE

INTRODUCTION

The thrift and Credit cooperative has been formed with intention of improving the standard of living. The thrift and credit society started in Germany under the leadership of Fredrick Ra’ffeisen in the year 1818 who is now regarded as the father of modern cooperative thrift and credit society. Germany has always been referred to as the cradle of credit cooperative. At that time, the economic condition of Germany was so deplorable and the peasantry and artisans fiet crushed under the heavy weight of indebtedness. Famine was a common phenomenon used as order of the day. The Jews ruled over the market and the poor labourers and farmers had no way out, except to buy articles of their need from them and sales their product to them. The merchants were money lenders changing very high rate of interest for the credit they gave and offered ridiculously prices for the produce they purchased. With the hopeless life of the peasantry, Raiffeisen emerged to help them out of their indebtedness and poverty years, therefore thought out plan for cooperative societies.

Before the advert of modern cooperative society the thrift and credit society serve at urban area, the traditional mutual system is been called and addressed by different name by various communities who practice it inform of traditional form of saving.

The Hausa call it “Adashe†“Bashi†in Nupe “Asusu in Ogogo etoto in Ibibio etc.†The traditional systems of cooperative leaders of the society are elected purely on the agreement of the members, while in modern cooperative.

Cooperative at large, the management committees are elected democratically, and any person contesting for any post must have the question of some vital requirement such as payment of entrance fees, share deposit etc and the member must be voted for any post in the society.

Cooperative thrift and credit society are mainly found among the urban areas, low-income earners, government employees etc. and a good number splitter around is the urban area as well.

BACKGROUND OF THE STUDY 
Thrift and credit cooperative society like other sphere of life has it own problems. It is generally believed that any organization irrespective of its size has problems, if not identified and corrective measures applied is bound to hit the rock,. Cooperative thrift and credit is not left out this philosophy identifying and laying these problems is the primary aim of the write up of this project.

The project is aim at highlighting the obstacle responsible for the show growth of organization, it is also an attempt to highlight the aim and objectives of the organization, it is living up to expectation?

The problems are being highlighted analyzed and possible steps to be taken to alleviate the problems.

HISTORICAL BACKGROUND OF THE AREA

Modern cooperative thrift and credit has been in existence in early 20’s 2004 to be precisely in orphanage mother multi purpose society. Before then, it was traditionally practiced, low-income earner, petty traders peasant farmers etc. contribute money weekly or monthly, they rotates one after the other which serves as urban development area for its members, and then people have difficulties to secure loan for its members from any financial institution due to the fact that mostly are low income earners, urban areas etc where they have no collateral for security while they normally requested before giving people loan.

But with the establishment of orphanage mother multipurpose in that area, which was established to help people of limited means, which find it difficult to save and secure loan to better their socio economic, encourage, saving and also provide other services to the communities at reasonable rate of interest through application of self help and mutual help which is one of the guiding idea of cooperative.

But most of the people stated with drawing their membership, because they assumed that they only want to dupe and run away with the little money learned due to the fact that the time of establishment there was no emphasis on expansion and diversification of cooperatives thrift and credit in their development plan and there was nobody to educated and enlighten the people about, their aim and objective. So people where complaining that they cannot meet up their needs as a result of non provision of loan for as a whole, lack of proper book keeping and auditing which is due to unskilled personnel, lack of adequate capital and lastly there is also dishonesty and competition among committee members and government which lead to the collapsed of the thrift and credit society.

STATEMENT OF THE STUDY

Cooperative thrift and credit ensure rapid socio – economic development of urban areas and the community at large

But due to the fact that there wasn’t any serious emphasis on expansion and diversification of cooperative movement in their development plan. Therefore it resulted to low participation of people in cooperative society.

Secondly, it also seems there wasn’t serious encouragement from government to ensure that the people were enlighten and educated in other to joint the cooperative society.

RESEARCH QUESTION

To carry out this research the following question are put forward to guide the study:

What are the impacts of cooperative thrift and credit has toward the transformation and development of urban area. How can the cooperative thrift and credit be restructured so as to give the societies at large, maximum benefit? What are the problems facing cooperatives thrift and credit societies in the urban areas. OBJECTIVE OF THE STUDY

The following are the objective of the study.

To find out the impact, cooperative thrift and credit has towards, transformation and development of urban area: In order to know and identify the problem associated with cooperative thrift and credit societies. To suggest ways and means through which cooperative thrift and credit movement can be restructure, so as to give maximum benefit to its members. SIGNIFICANCE OF THE STUDY

This study is significant in the sense through this study the orphanage will be able to know the way to improve their community they  will also know the importance of becoming a member of cooperative society, it will enhance a better well being of them and their family.

To the policy makers, this study will encourage members to save; objective of the cooperatives should be thrift, saving definitively increases the poll for further lending, loans must be given for.
To management the nature as credit management makes this types of cooperatives one of the most cumbersome. Every credit cooperative must have at least the following offices and positions to make for an effective credit control.

OPERATIONAL DEFINITION OF TERMINOLOGIES

Cooperatives: Can be defined as the autonomous association of person united voluntary to meet their economic social and cultural needs and aspiration through jointly owned democratically controlled enterprises.

Cooperative thrift and Credit: Are specialist cooperative that provide loan to its members and other credit facilities with low interest rate and also encourage saving among members. 

Members: Are owners of registered society who has the right and privileged as registered members of cooperative thrift and credit

Fredrick Raiffeisen: The name of a German who came out with the idea of modern cooperation thrift and credit society in Germany in 19th century, he is regarded as the father of modern cooperative thrift and credit society.

Modern Cooperative: This means the present cooperative movement which is formatly recognized in a more clearly ways and have the legal backing up the cooperative law, and the individual society by law which makes it look more admirable than the traditional cooperative.

Adashe, Dashi, Asusu and Etoto: The local term used in referring to cooperative thrift and credit among the Hausa’s Nupe, Igbo’s, and Yoruba.

Management: Committee are democratically elected officials of a registered cooperative society and they are responsible for running day to day activities of the society. So in most cases success and failure of the society is hinged on them.

Share: Amount of the money to be contributed by all members of a cooperatives society for the sake of the society business activities in some instance. The society sales each share at the sum of one Naira and every members is expected to buy not more than 25 share in the society.

Deposit: Is the total amount of saving collected from the members of the society and sometime from non-member of the society, which is to be deposited in the banks.

Government Cooperative Staff: They are government agents who link the government and the cooperative society in the urban area. These staffs are empowered to inspect the society books of account and give the society members a sound cooperative education.

 

  DOWNLOAD THE FULL PROJECT

AN EXAMINATION OF THE ROLE COOPERATIVE THRIFT AND CREDIT SOCIETIES TO THE DEVELOPMENT OF URBAN AREA.

Not The Topic You Are Looking For?



For Quick Help Chat with Us Now!

+234 813 292 6373

+233 55 397 8005


HOW TO GET THE COMPLETE PROJECT ON AN EXAMINATION OF THE ROLE COOPERATIVE THRIFT AND CREDIT SOCIETIES TO THE DEVELOPMENT OF URBAN AREA. INSTANTLY

  • Click on the Download Button above.
  • Select any option to get the complete project immediately.
  • Chat with Our Instant Help Desk on +234 813 292 6373 for further assistance.
  • All projects on our website are well researched by professionals with high level of professionalism.

Here's what our amazing customers are saying

Merry From BSU
I am now a graduate because of iprojectmaster.com, God Bless you guys for me.
Excellent
Oluchi From Michael Opara University
If you are a student and you have not used iprojectmaster materials, you are missing big time! iprojectmaster is the BEST
Excellent
Abdulrahman Jibrin
Nti Abaji
Nice one work prompt delivery tanx
Very Good
Emmanuel Essential
Kogi state University
I actually took the risk,you know first time stuff But i was suprised i received as requested. I love you guys 🌟 🌟 🌟 🌟
Very Good
Abraham Ogbanje
NATIONAL OPEN UNIVERSITY OF NIGERIA
At first I was afraid.. But I discovered they are legit. I will bring more patronize
Very Good
Samuel From Ajayi Crowther University
You guys just made life easier for students. Thanks alot iprojectmaster.com
Excellent
Joseph M. Yohanna
Thanks a lot, am really grateful and will surely tell my friends about your website.
Excellent
Musa From Ahmadu Bello University
Thank you iprojectmaster for saving my life, please keep it up and may God continue to bless you people.
Excellent
Azeez Abiodun
Moshood Abiola polytechnic
I actually googled and saw about iproject master, copied the number and contacted them through WhatsApp to ask for the availability of the material and to my luck they have it. So there was a delay with the project due to the covid19 pandemic. I was really scared before making the payment cause I’ve been scammed twice, they attended so well to me and that made me trust the process and made the payment and provided them with proof, I got my material in less than 10minutes
Very Good
JONNAH EHIS
Ajayi Crowther University, Oyo
I was scared at first when I saw your website but I decided to risk my last 3k and surprisingly I got my complete project in my email box instantly. This is so nice!!!
Excellent

FREQUENTLY ASKED QUESTIONS

How do I get this complete project on AN EXAMINATION OF THE ROLE COOPERATIVE THRIFT AND CREDIT SOCIETIES TO THE DEVELOPMENT OF URBAN AREA.?

Simply click on the Download button above and follow the procedure stated.

I have a fresh topic that is not on your website. How do I go about it?

How fast can I get this complete project on AN EXAMINATION OF THE ROLE COOPERATIVE THRIFT AND CREDIT SOCIETIES TO THE DEVELOPMENT OF URBAN AREA.?

Within 15 minutes if you want this exact project topic without adjustment

Is it a complete research project or just materials?

It is a Complete Research Project i.e Chapters 1-5, Abstract, Table of Contents, Full References, Questionnaires / Secondary Data

What if I want to change the case study for AN EXAMINATION OF THE ROLE COOPERATIVE THRIFT AND CREDIT SOCIETIES TO THE DEVELOPMENT OF URBAN AREA., What do i do?

Chat with Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

How will I get my complete project?

Your Complete Project Material will be sent to your Email Address in Ms Word document format

Can I get my Complete Project through WhatsApp?

Yes! We can send your Complete Research Project to your WhatsApp Number

What if my Project Supervisor made some changes to a topic i picked from your website?

Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

Do you assist students with Assignment and Project Proposal?

Yes! Call Our Instant Help Desk Now: +234 813 292 6373 and you will be responded to immediately

What if i do not have any project topic idea at all?

Smiles! We've Got You Covered. Chat with us on WhatsApp Now to Get Instant Help: +234 813 292 6373

How can i trust this site?

We are well aware of fraudulent activities that have been happening on the internet. It is regrettable, but hopefully declining. However, we wish to reinstate to our esteemed clients that we are genuine and duly registered with the Corporate Affairs Commission as "PRIMEDGE TECHNOLOGY". This site runs on Secure Sockets Layer (SSL), therefore all transactions on this site are HIGHLY secure and safe!