CREDIT MOBILIZATION: CHALLENGES OF CO-OPERATIVE SOCIETIES IN ANAMBRA STATE: IMPLICATIONS FOR RURAL DEVELOPMENT (A CASE STUDY OF SELECTED AGRICULTURAL COOPERATIVE SOCIETIES IN AWKA NORTH AND S

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ABSTRACT

The study focuses on credit mobilization challenges of agricultural cooperative societies in Anambra State and its implications for rural development. The study covered two local government areas, namely Awka North and South in the state. Hundred and fourteen (114) members of four cooperative societies purposely drawn were sampled for the study. Data were collected mainly through questionnaire while description statistics frequencies, percentages were applied in the analysis. The result showed that the credit needs of the societies are not being met. That challenges, prominent among which are; the poverty state of members, low membership size and insignificant internally generated funds, hindered credit mobilization. Also, much credit could not be mobilized through external sources due to inhibiting cost of fund from commercial banks as well as their insistence on collectivization the societies were also fund to be totally uniformed about raising funds through foreign assistance. Suggestions were made on improving the credit mobilization abilities of the societies. These includes: mobilization drive to increase the membership size of the societies, sourcing of information and participation in foreign assisted programmes, reduction on interest, of loan able funds as well as reliance on â€œgroup guaranteeâ€ by commercial banks. Equally, government was advised to channel their agricultural and poverty alleviation funds through cooperative societies. These findings were found to have implications for agricultural growth and hence rural development.

TABLE OF CONTENTS

TITLE PAGE

APPROVAL PAGE

DEDICATION

ACKNOWLEDGEMENT

ABSTRACT

TABLE OF CONTENTS

CHAPTER ONE

1.0 INTRODUCTION

1.1 BACKGROUND OF THE STUDY

1.2 STATEMENT OF THE PROBLEM

1.3 OBJECTIVE OF THE STUDY

1.4 RESEARCH QUESTIONS

1.5 RESEARCH HYPOTHESIS

1.6 SIGNIFICANCE OF THE STUDY

1.7 SCOPE OF THE STUDY

1.8 LIMITATIONS OF THE STUDY

CHAPTER TWO

2.0 LITERATURE REVIEW

2.1 REVIEW ON RELATED LITERATURE

2.2 MEANING OF CO-OPERATIVES

2.3 AGRICULTURAL COOPERATIVE

2.4 MEANING OF CREDIT

2.5 CREDIT MOBILIZATION AND EXTENSION

2.6 SOURCES OF COOPERATIVE FINANCING

2.7 CREDIT EXTENSION OR USE OF FUNDS

2.8 PROBLEMS OF AGRICULTURAL COOPERATIVE IN OBTAINING CREDIT.

CHAPTER THREE

3.0 RESEARCH DESIGN AND METHODOLOGY

3.1 RESEARCH DESIGN

3.2 AREA OF STUDY

3.3 POPULATION OF THE STUDY

3.4 SAMPLE SIZE DETERMINATION

3.5 SOURCES OF DATA

3.5.1PRIMARY SOURCE

3.5.2SECONDARY SOURCE

3.6 METHOD OF DATA ANALYSIS

3.7 TEST OF HYPOTHESIS METHOD

CHAPTER FOUR

4.0 PRESENTATION AND ANALYSIS OF DATA

4.1 QUESTIONNAIRE DISTRIBUTION AND RETURN

4.2 TESTING OF HYPOTHESIS

CHAPTER FIVE

5.0 SUMMARY OF FINDINGS, CONCLUSIONS AND RECOMMENDATIONS

5.1 SUMMARY OF FINDINGS

5.2 RECOMMENDATION

5.3 CONCLUSION

BIBLIOGRAPHY

APPENDIX 1

APPENDIX 2

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CREDIT MOBILIZATION: CHALLENGES OF CO-OPERATIVE SOCIETIES IN ANAMBRA STATE: IMPLICATIONS FOR RURAL DEVELOPMENT (A CASE STUDY OF SELECTED AGRICULTURAL COOPERATIVE SOCIETIES IN AWKA NORTH AND S

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