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EXAMINE THE IMPACT OF COOPERATIVE SOCIETY ON ECONOMIC DEVELOPMENT OF RURAL COMMUNITY. (A CASE STUDY OF EJIGBO KAROWOSAYE COPERATIVE FINANCE AND CREDIT UNION LTD EJIBGO OSUN STATE.)

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

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”

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:

Evaluating the impacts of education provided for members

Difficulty in collecting members dues

Poor methods of retrieving loans back

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

to clarify likely problems facing cooperative securities

to commend the possible solution to the problem associated to cooperative

to serve as guide for other cooperative in implementation of their policies and programmes

to improve the proper administration or management in formation implementation and execution of strategies needed

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.

LIMITATION OF THE STUDY

The main limitation of the study included the following

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