A study on cooperative thrift and loan society

Project Abstract

<p> </p><p>This research project titled “Co-operative Thrift and Loan Society of Federal Ministry of Industry and Technology, Owerri, Imo state. &nbsp;The study was motivated by the necessity of requirement for the award of Higher National Diploma in Co-operative Economics and Management of Institute of Management and Technology (IMT), Enugu. &nbsp;It aimed at identifying the causes of the study of co-operative thrift and loan society in Owerri, Imo State.</p><p>To solve the research problems both primary and secondary data were collected. &nbsp;The research instruments used in collecting the data were questionnaire and oral interview. &nbsp;The respondents comprised of members of the society its employees and some members of staff of Federal Ministry of Commerce and Industry, Owerri, Imo State.</p><p>In organizing and presenting data collected frequency, distribute tables; charts percentage and degrees were used. &nbsp;Data analysis and interpretation gave the following findings and among others.</p><p>A. LOAN DISBURSEMENT</p><p>Some dishonesty leaders among the members, something fails to disburse the loan to the members, which leads to present and embezzlement of fund among co-operative practitioners.</p><p>B. RECOVERY/REPAYMENT OF LOAN</p><p>Some of the members fails to pay back the loan, when its due for them to pay beck the loan to the society.</p><p>C. LOAN DEFAULTERS</p><p>Some loan defaulters often fail to authorize the deduction of their money when indebted to the society.</p><p>D. There is no external co-operative audit in the co-operative thrift and loan society. &nbsp;The conclusion of the study is that there is a problem in co-operative thrift and loan society, which is the fail, that it does fairly satisfy its member’s financial need. &nbsp;This is as a result of a number of factors such as poor management, lack of co-operation in the society and many other. &nbsp;The said society will satisfy its members if the above listed recommendations are implemented in the society.</p> <br><p></p>

Project Overview