TABLE OF CONTENT
Title page i
Certification ii
Dedication iii
Acknowledgement iv
Table of content v
CHAPTER
ONE
1.0 Introduction 1
1.1 statement of the proble 3
1.2 objective of the study 3
1.3 Research work is normomed to the course
study
in references to ejigbo osun state 4
1.4 Limitation of study 5
1.5 Significance of the study 6
1.6 Research question 7
1.7 Defination of terms 8
CHAPTER TWO
2.0 literature review 10
2.1 Meaning of cooperative 10
2.2 Principle of cooperative 15
2.3 Types of cooperative societies 18
2.4 Aims and function of cooperative society 20
2.5 The importance of cooperative societies in a community 21
2.6 Problems encountered by cooperative societies 22
2.7 Anvantages and disvantage of cooperative societies 24
2.8 Comarision of cooperative societies with other business
Formation 25
2.9 profit and surplus 26
CHAPTER THREE
3.0 introduction 28
3.1 research design 28
3.2 source of data collection 29
CHAPTER FOUR
4.0 introduction 33
4.1 data presentation 33
4.2 data analysis 33
4.3 table presentation 35
4.4 testing of hypothesis 38
CHAPTER FIVE
4.0 summary
of findings 46
5.1 summary of finding 46
5.2 conclution 47
5.3 recommendation 48
5.4 suggestions for furthers studies 49
CHAPTER ONE
INTRODUCTION
An
alternative form of marketing organization for entrepreneurs and trading
company in which has played a major role in most of local areas in Nigeria
involving Ejigbo and it environment in the co-operative societies.
Co-operative societies have played a
vita role on the economic development and upliftment of people in rural
communities due to the fact that society regarded it as heir economics saviors.
co-operative has a basic survival value; the is because it constitutes a vital
aspect of both individual and group behaviour. The individual co-operative with
each other as a means of survival and security
More
so, individual group relationship on only be achieved through working together
otherwise referred to as the spirit of togetherness.
In a general sense, co-operation is
not new phenomenon, parents and children cooperate, tenants and lord
co-operation, teacher and pupils cooperate in communities and states in other
to achieve their aims, objectives, using mission and aspiration
In a
specific sense, co-operative society refers to association of people coming
together for their economic boost and social interest of their members.
Acquiring
of shares in viable going concerns
Establishment of viable projects, for
instance, setting up of industries, catering services and consumers shop aims
towards bringing grassroots people closer to the government. according to
international labour in a book titled co-operative management and
administration published in gebeva, 1968.
“The
modern co-operative institution originate among the common people and still
remains a mechanization for defense, betterment and emancipation to combat the
condition brought about by he evolution of the market economy industrial
reduction in the early nineteenth century”
1.1
STATEMENT
OF THE PROBLEM
This
project is designed to highlight the impact of co-operative societies on
economic development of rural community.
The
main purpose of this research study is to investigate he need for a formation
of co-operative societies as only source of securing economic development of a
rural community with a particular reference to Ejigbo Karowoseye co-operative
finance and credit union limited, ejigbo.
Henceforth,
one cannot but mention the factor that have hampered their firm achieving their
main objectives rendering the needful services to its members.
Therefore,
the problems are stated as follows:
i.
Evaluating the impacts of education provided
for members
ii.
Difficulty in collecting members dues
iii.
Poor methods of retrieving loans back
1.2 objective
of the study
One
of the most important objectives of any organization is community in business
in business in this regard an adequate reaction of four to be learnt on member
for necessary of production purpose be made available from time to time. This
research work also has the following objective
1.
to clarify likely problems facing cooperative
securities
2.
to commend the possible solution to the problem
associated to cooperative
3.
to serve as guide for other cooperative in
implementation of their policies and programmes
4.
to improve the proper administration or
management in formation implementation and execution of strategies needed
1.3 The
research work is narnomed to the course study in references to Ejigbo
co-operative finances and credit union ltd Ejigbo Osun state
This
emphasis on a relevant concept in relationship to the case study.
1.4
LIMITATION
OF THE STUDY
The
main limitation of the study included the following
1.
Lack
of fund: - lack of fund can easily affect any cooperative
societies upgrading and affect their good and service. Money is very essential
in any cooperative structure it help the groups to growth move forwards.
2.
Lack of banks in cooperative societies:-This
simply tells the distance to the particular cooperative societies every
cooperative societies should locate in place where individual member will able
to attend. Locate in place where individual member will able to attend. When it
is far. It can cause lowest term out of the number. It can calls cost the
entire member lost of transportation
3.
lack
of adequate materials:-
Material
is very essential in any co-operative society.
Every
cooperative organization must set up many materials for individual member.
Material in essence is one of key roles that make cooperative to wax stronger.
Material is one of concept in cooperative societies it helps the member to
access to their upbringing.
So
in any organization like this there should more adequate of materials.
SIGNIFICANCE OF THE STUDY
One of the significance of the study
is that it will bring benefit is to union and management; both the management
and the union often disagree on what the employees wants. This research worth
will help them to find out what types of welfare services are needed by the
workers.
Again,
this study is capable of encouraging worker in ejigbo knowledge co-operative
finances and credit union limited to improve their level of productivity if they were adequate staff management
policy, this will allow for creating an organization which place each member of
staff in a coverable situation conducive for further development at the end of
this study will serve as a guide to he
management of not only Ejigbo Karawoseye operative finance and credit union but
to all cooperative as well as other public and private enterprises as a whole.
Co-operative, generally speaking stated as a means of bottling against the
economic exploitation of the poor, masses and to that people came together in
order to improve their economic position within the society.
One
school of though said co-operative is unscientific the school sited the case of
a trader who would not sell goods due to her inability to hold enough.
Another
school of though believe it is scientific in view of the facts that it
arises as a result of poverty,
deprivation, penury, frustration, unemployment, etc
1.6
RESEARCH
QUESTIONS
1. What
is cooperative society?
2. Does
it’s cooperative society have the impact of economic?
3. Does
the cooperative society have impact on social development?
4. Does
economic development wake profitable to the cooperative society?
5. What
is economic development?
RESEARCH HYPOTHESIS
These
are the following research hypothesis namely:
Ha
= Null Hypothesis
Hi
= Atternative Hypothesis
1. Hypothesis
one
Ho
there is no significance relationship between the cooperative society and rural
community.
Hi
there is no significance relationship between the cooperative society and
economic development of the community
2. H2 :
cooperative society has positive impact on economic development
Ho2:
cooperative society has negative impaction.
1.7
DEFINITION
OF TERMS
IMPACT
: strong impression of effect or role.
COOPERATION:
working together for a common purpose
COOPERATIVE: the
will to cooperate. As in cooperative society which is an association of person
usually with limited means which voluntarily done together to achieve a common
goal
SOCIETY: a
group of person lives within a specific environment
ECONOMIC
DEVELOPMENT: comprise of a group of people living in a
remote place. It also include people at grassroots level of government within a
local government
VOLUNTARY: an
act of doing things willingly without being forced. It implies that any
association that springs from compulsion as against a free will cannot be
genuinely said to be cooperative in the sense of the term.
ROCHALDE
EQUITABLE PIONEERS: an association of modern cooperative society
in Manchester England.
RESERVED
FUND:- this is an indivisible fund and no member is entitled to
chain a specified share in it except with the written permission of registrar,
it shall not be utilized in the business of the society.
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