Get the complete project »
- The Complete Research Material is averagely 64 pages long and it is in Ms Word Format, it has 1-5 Chapters.
- Major Attributes are Abstract, All Chapters, Figures, Appendix, References.
- Study Level: BTech, BSc, BEng, BA, HND, ND or NCE.
- Full Access Fee: ₦4,000
1.1 Background of the Study
This research work focuses on the effects of credit administration and control on the development of cooperative society. Credit administration and control functions as a good instrument that brings about rapid development in the cooperative sector. It can be regarded as the essence of financial instruction in an economy, therefore the formulation and implementation of sound and solid credit polices and control are among the most crucial responsibilities of the management of an organization.
Among the most essential functions of credit cooperative is to provide loans to members and ensure the repayment of the loans given to them, it is therefore important to develop policies that will ensure the security of loans extended to members.
Due to lack of credit administration and control, credit facilities made available is spread among members of the cooperative societies and considered more of gift than loans to be paid within a specific period of time and therefore cooperatives find themselves cripple economically.
The implementation of credit administration and control is a necessary condition of the society so as to achieve its objectives, to serve the members in an efficient manner and more importantly ensure safety of funds for continuity and development of the society.
According to Iyowu (1985) an articulate credit management policy not only seeks to balance profit and liquidity. It expects to determine whom credit must be granted to how much to be granted, for how long and to ensure successful recovery. The achievement of an efficient credit administration and control entails an elements of a subjective management.
This research work will look at the role of credit administration and control, the disbursement of loans and its recovery credit administration and control and how it can be utilized for the development of the cooperative societies.
1.2 Statement of The Problem
The primary aim in a cooperative society is to improve the economic and social position of the members by extending credit facilities to them. It can either be short term or long term loans. It is important that credit usage be productive which will enable the borrower to earn enough to repay the principal and the interest and also realize a surplus from the undertaking.
Cooperative societies are not making significant impact in the growth and development despite some level of credit administration and control, problems are faced when there are no checks and balances and therefore posses danger to it’s continued existence and as such will not have achieved the objectives for which it was initially established.
Due to this shortcoming and more, like lack of experts to handle the finance of the society, mismanagement of funds by officials, poor record keeping which makes most members not to get their contributions as at when due, which has led to loss of confidence, withdrawal of the members and consequently loss of contribution to the societies.
Furthermore, in most cases, the members savings are embezzled or misappropriated. As a result societies do not live long due to dishonesty in handling funds.
Providing members with easy access to credit facilities being among the aims and objectives of most cooperative societies cannot be realized if such credit given to the members are not efficiently and effectively administered to ensure productive utilization and ability of the members to repay loans extended to them. This can guarantee continued existence of the cooperative society.
It is against this background that this study will venture into finding out the effects of credit administration and control in the study areas.
1.3 Objectives of the Study
The following are the objectives of this study
i. To find out the role of credit administration and control in improving cooperative societies
ii. To determine the extent to which cooperative societies recover loan disbursement to members.
iii. To find out problems associated with credit administration and control.
iv. To identify problems and proffer possible solutions.
1.4 Significance of the Study
This study is designed to help cooperative societies have a better understanding of the role credit administration and control plays in the development of cooperative societies.
The research will also contribute in enhancing appropriate measures from cooperative societies which can improve the loan policies and securities and in extension encourage credit cooperation.
To government, it may also contribute in enhancing appropriate measure from the government to improve and encourage prospects of cooperative societies in the rural and urban areas as it will instil hope in the minds of the members and potential members.
Scholars, researchers and incoming student will also benefits from this research work as it will serve as reference to them.
1.5 Research Questions
The following research questions will guide this study.
i. what role does credit administration and control play in improving cooperative societies?
ii. To what extent do cooperative societies recover loans disbursement to members?
iii. What are the problem of cooperative societies in connection with credit administration and control?
iv. What are the possible solutions to ensure the success of credit administration and control in the development of cooperative societies?
1.6 Scope of the Study
The scope of the research is aimed at examining the effects of credit administration and control on the development of cooperative societies with reference to Arewa multipurpose cooperative society and National Board for Technical Education investment and credit cooperative society Kaduna.
1.7 Definition Of Terms
All the terms below will reflect the operational meaning as used in this project study.
i. Cooperative society: According to ICA is defined as an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspiration through a jointly owned and democratically controlled enterprise.
ii. Cooperation: the association of two or more people who voluntarily come together in order to achieve target objectives.
You either get what you want or your money back. T&C Apply
You can find more project topics easily, just search
SIMILAR ECONOMICS FINAL YEAR PROJECT RESEARCH TOPICS
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUND OF THE STUDY Most developing nations define industrialization as a central objective of their economic policy ...Continue Reading »
2. ASSESSING THE BENEFITS OF THE HOSPITALITY AND TOURISM INDUSTRY ON THE SOCIO ECONOMIC DEVELOPMENT OF NIGERIA (A CASE STUDY OF EKITI STATE)» ABSTRACT This study was intended to assess the benefits of the hospitality and tourism industry on the socio economic development of Nigeria. This stu...Continue Reading »
» CHAPTER ONE INTRODUCTION 1.1 BACKGROUD OF THE STUDY Every economy seeks to appropriate industrial base to move the economy from a traditional and low ...Continue Reading »
4. AN EMPIRICAL ANALYSIS OF THE IMPACT OF DEPOSIT MONEY BANK ON THE MANUFACTURING SECTOR IN NIGERIA (1980-2011)» ABSTRACTAdvertisements This research study, by means of a robust statistical analysis investigates the impact of deposit money bank on the manufacturi...Continue Reading »
5. THE ROLE OF SMALL SCALE BUSINESSES IN THE PROVISION OF EMPLOYMENT TO THE LABOR FORCE: A CASE STUDY OF SHAURIYAKO TRADE CENTER IN KAMPALA DISTRICT» CHAPTER ONE: INTRODUCTION 1.0 Background Small scale enterprises are a major component of the Ugandan business sector that sustained the economy throu...Continue Reading »
» CHAPTER ONE INTRODUCTION For any organization that is involved in the production of goods and rendering of services, after answering the question what...Continue Reading »
» ABSTRACTThe impact of Banking Sector Reforms on Small and Medium Scale Enterprises is a phenomenon that needs proper and adequate attention in the wak...Continue Reading »
» ABSTRACT The decline of non oil exports has had adverse effect on the economy. Since 1986, the federal government has formulated policies to enhance n...Continue Reading »
» ABSTRACT This work is based on the appraisal of budget deficit and current account balance in the Nigeria economy between the periods of 1986 2010. Th...Continue Reading »
» Abstract This study was designed to examine the influence of motivational variables and academic performance in Economic among Secondary School Studen...Continue Reading »