Project Topic:

PROSPECT OF PRIMARY COOPERATIVES IN PROMOTING MEMBERS WELFARE

Project Information:

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 44 ::   Attributes: Questionnaire, Data Analysis  ::   1,932 people found this useful

Project Department:

BANKING FINANCE UNDERGRADUATE PROJECT TOPICS, RESEARCH WORKS AND MATERIALS

Project Body:

CHAPTER ONE

INTRODUTION

1.1     Background of the Study

In order to get a clear picture of the subject matter it is imperative to defined cooperative. ICA Statement on the cooperative defines cooperative as an autonomous association of persons economic, social and cultural needs and aspirations through a jointly-owned and democratically-controlled enterprise.

However, primary cooperative which is the subject matter is defined as a society which has as its object the promotion of the socio-economic interest of its members through a common enterprise managed in accordance with cooperative principles. A primary cooperative society must have at least ten individuals if it is an auxiliary cooperative and six persons if it is a productive or industrial cooperative. Each of these must have qualified for membership (NCSA, 1993).

Primary cooperatives are basically established to meet member’s social-economic need. The operations of primary societies permits the people who live in the same locality with the same goals and aspiration to go into synergy in order to actualize such goals collectively (Ijere, 1998).

The prospect of primary cooperative in promoting member’s economic welfare cannot be overemphasis sequel to the economic benefits arising from membership of primary societies: primary cooperatives in this regard pursue mutually beneficial, social and economic interest, provide goods and services to each other and the general public in the most cost effective way, prevent exploitation of the weaker members of the society by bringing them together to help themselves, protect the rights of the people as producers and consumers of goods and services, and promote mutual understanding and peaceful coexistence among the people of the community in which such primary cooperative is located.

The economic results of establishing primary societies arise out of the operation of a society that is jointly own through synergy and the gains of such enterprise is distributed in such manner as would avoid one member gaining at the expense of the others. Primary cooperatives have been recognised as a veritable instrument for the promotion of member economic welfare owing to its ability in mobilizing and organising people of the same economic and social aspiration into a common enterprise or primary societies therefore becomes very appropriate and suitable for improving the economic welfare of people through a common and collective enterprise that is people oriented (Okoh, 2003).

The prospect of primary cooperative in promoting members economic welfare cannot be overemphasis sequel to the economic benefits arising from being a member of such society. It is against this background that the researcher deemed the subject matter worthy of investigation.

1.2     Statement of the problem

Primary cooperatives have the potentials to boost the economic capacity of its members by mobilizing savings and granting soft loans to it members, providing other services as well as investment opportunities for its members (Okoh, 2003).

But inspite of this laudable prospect of primary cooperative in promoting member welfare, membership of primary cooperatives in the area of study is loe and insignificant, as such, doubt is expressed about the prospect of primary cooperative in promoting members welfare in the area understudy. This is so because if indeed  primary cooperatives promotes members welfae as opined by (Okoh, 2003) then why is the membership of primary cooperative low and insignificant and their impact vague and obscure in the study area? It is in this light that the subject matter of this research is seen as a problem worthy of investigation.

1.3     Objective of the study

The central objective of the study is to examine the prospect of primary cooperatives in promoting members welfare. The specific objectives are:

  1. To identify how primary cooperatives promote member’s economic welfare.
  2. To findout how primary cooperative improves member’s social wellbeing.
  3. To findout the functions of primary cooperatives.
  4. To determine the type of practical welfare assistance primary cooperative render to their members.
  5. To identify the problems militating against primary cooperative from promoting members welfare.
  6. To proffer solution to the identified promote.

1.4     Research Questions

i.        How does primary cooperativespromotes member’s economic welfare?

ii.       How can primary cooperative be used to improve member’s social wellbeing.

          iii.      What are the functions of primary cooperatives.

          iv.      What type of practical welfare assistance does primary cooperatives

                   render to their members?

v.       What are the problems militating against primary cooperatives  in promoting members welfare?

          vi.      What are the soloutions to these problem?

1.5     Significance of the study

This study will be of great benefit to policy makers, cooperative societies, members of the general public as well as students and researchers.

The study will aid policy framework regarding cooperatives development.

The study will also be useful to cooperative societies in creating cooperative awareness by showcasing the functions and benefits of primary societies to members and potential members.

To student and researchers, the study will serve as a springboard to undertake similar research. This is so because the study will be a useful reference material to students and researchers undertaking similar study. As such the study will add to already existing body of knowledge regarding primary cooperative societies.

1.6     Scope of the study

          The boundaries of this study is restricted to the period of investigation, the environment in which the research data were collected and the cooperatives societies investigated. The study covers the activities of synergy artisan cooperative society from 2010-2011. The research is limited to synergy artisan cooperative as regard the collection of primary data. The subject matter is restricted to the examination of the prospect of primary cooperative in promoting member’s welfare.

1.7     Clarificaton of Terminologies

Cooperative: This is an autonomous association of persons united voluntarily to meet their common, economic, social and cultural needs and aspiration through a jointly own and democratically controlled enterprise (I.C.A, 1995).

Primary Cooperative: This is a cooperative society which has as its object the promotion of the socio-economic interest of its members through a common enterprise managed in accordance with cooperative principles. A primary cooperative society must have at least ten individuals if it  is an auxiliary cooperative and six persons if it is a productive or industrial cooperative (Ishyaku 2010).

Cooperative Union: This is the association of affliation of registered cooperative societies in every state or a particular geographical area.

Cooperative failure: This refers to a situation when cooperative societies cease to actualise or practice cooperative values as enshined in it principles (Isyaku, 2010).

Cooperative Nexus: This refers to the functional relationship and inter-linkages between the cooperative organisation and member’s private business enterprise (Chukun, 1995).

Mutuals: A term used to describe businesses owned and controlled by their members. This includes building societies, cooperatives, credit unions, friendly societies and many associations (operational definition, 2011).

 

 

Get the complete project »


Instant Share On Social Media:


Can't find what you are looking for?
Call (+234) 07030248044.

OTHER SIMILAR BANKING FINANCE PROJECTS AND MATERIALS

A CRITICAL ANALYSIS ON THE USE OF FINANCIAL STATEMENTS IN ASSESSING THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIRST BANK NIGERIA)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 72 ::   Attributes: Questionnaire, Data Analysis  ::   13887 engagements

ABSTRACT This project work is carried out to examine the contribution of micro finance banks to the development of Small and medium scale enterprises in Nigeria. The Brass micro finance bank is used a...Continue reading »

A STUDY ON THE ACCEPTANCE AND ADOPTION OF THE CBN CASHLES POLICY IN PORT HARCOURT, NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 76 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   6906 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND TO THE STUDY One of the prerequisites for the development of national economy according to Ajayi et al, 2006 is by encouraging a payment system that is secu...Continue reading »

A STUDY ON THE IMPACT OF BUDGETARY CONTROLS ON THE PERFORMANCE OF AN ORGANIZATION (A CASE STUDY OF FIDELITY BANK PLC)

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 80 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   17463 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY AND PROFILE OF THE ORGANIZATION Following the uncertainties prevailing in the Nigerian business environment today, managers and stakeholders mu...Continue reading »

ANALYZING PERFORMANCE APPRAISAL TECHNIQUES IN UNION BANK NIG PLC

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 67 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   17558 engagements

CHAPTER ONE INTRODUCTION 1.1. BACKGROUND OF THE STUDY In any evaluation of the condition necessary for the growth and survival of an organization, the role of performance appraisal is a strategic f...Continue reading »

AUDIT INDEPENDENCE: ENHANCING ACCOUNTABILITY AND TRANSPARENCY IN CORPORATE ORGANIZATIONS

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 71 ::   Attributes: Questionnaire, Data Analysis,Abstract  ::   10452 engagements

CHAPTER ONE INTRODUCTION 1.1. Background of the study The subject of transparency and accountability in modern day corporate organizations has continued to receive attention as never before. It has b...Continue reading »

CREDIT MANAGEMENT AND ISSUES OF BAD DEBTS IN COMMERCIAL BANKS IN NIGERIA

 Format: MS WORD ::   Chapters: 1-5 ::   Pages: 68 ::   Attributes: Questionnaire, Data Analysis,Abstract

The article on this topic (credit management and issues of bad debts in commercial banks in Nigeria) is an extract from literature review of the project material. The complete project work would be ma...Continue reading »

What are looking for today?

WHAT OUR CUSTOMERS ARE SAYING:
  • 1. Ibhadam Adam H from Bayero University, Kano said "Projectclue are really good and I have enjoyed their services.".
    Rating: Very Good
  • 2. HUMPHREY from TARABA STATE UNIVERSITY said " I had a wonderful experience using ProjectClue, they delivered not only on time, but the content had good qualty. I recommend ProjectClue for any project research work.".
    Rating: Good
  • 3. Asad from Kardan said "useful information, thank you.".
    Rating: Very Good
  • 4. Mwanasinjale Bruno Y. from Catholic University College Of Mbeya (CUCoM) said "Conglatulation to all supporters of the project clue. For what your doing has great impact to the society".
    Rating: Excellent
  • 5. Agaji Gabriel from Federal University of Agriculture Makurdi said "Projectclue is the best for free research topics and material. Kudos to you guy.".
    Rating: Very Good
  • 6. Abiola Adesanya from University Of Lagos Nigeria said "The best portal for undergraduate research projects and free project topics in Nigeria. Kudos to you guys! Project Clue".
    Rating: Very Good