TABLE OF CONTENTS
1.1 BACKGROUND OF STUDY
1.2 STATEMENT OF RESEARCH PROBLEM
1.3 SCOPE OF THE STUDY
1.4 LIMITATION OF THE STUDY
1.5 OBJECTIVE OF THE STUDY
1.6 IMPORTANCE OF THE STUDY
1.7 RESEARCH QUESTION
1.8 HISTORICAL BACKGROUND OF THE STUDY
1.9 DEFINITION OF TERM
2.0 REVIEW OF LITERATURE
2.1 PRINCIPLES OF THE COOPERATIVE BUSINESS ENTERPRISE
2.2 SOURCES AND METHODS OF COOPERATIVE FINANCE
2.3 OWNED CAPITAL
2.4 EXTERNAL OR BORROWED FUND
2.5 SELECTING FUND PROGRAMMES IN NIGERIA
2.6 SOURCES OF FUND: BRIEF OVERVIEW
3.0 DATA ANALYSIS INTERPRETATION
3.1 INTRODUCTION
4.0 CONCLUSIONS AND RECOMMENDATIONS
4.1 RECOMMENDATIONS
QUESTIONNAIRE ON COOPERATIVES
BIBLIOGRAPHY
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
This study is an attempt to know the ways in which sources and uses of funds in cooperative business enterprises of Nigeria situation. Both governmental and non governmental have driven financial sustainability and integrated community development among funds in Nigeria. in the process the study examined the extent to which sources and uses of funds in cooperative business enterprises have resulted in an economic, social and political empowerment. Funds are generally considered to be at the lowest rung of the poverty ladder in Nigeria, the study extrapolated the effects of funds on the mitigation of poverty. This helps us to know the implication of financing cooperative capital in an economic activities and enterprises. The theoretical bases of analyzing funds is because of the low economic status in Nigeria society. There is a general likelihood that the financing approach is targeted at women. This approach from the Nigerian perspective was realized and tested and selected in three micro finance (1) Non – organization (2) Government assisted micro finance organization: Country Women Association of Nigeria (COWAN), the Peoples Bank of Nigeria and Family Economic Assistance Programmes. The latter two are both federally operated institutions of the government of Nigeria aimed at providing credit to those who ordinarily would not get them and by so doing raise their economic status and help to eliminate poverty. The proposition of funds are:
It has been reported that at an international conference in 1998, “donors and governments renewed their commitments to advancing women regenerating environmental resources and providing sustainable livelihood for all”. The contention is that micrfinance is at the core of each of these three goals. This is because microfinance provides the means to generates income that eventually leads to a sustainable development. Funds constitute and provide the drive to develop a “broad access” to the financial resources to the poor in order to provide the basic requirements for sustainable development.
1.2 STATEMENT OF RESEARCH PROBLEM
Other scholars and policy analysts have identified the inhibiting factors that make micrfinance enterprises unsuccessful. Yaron identified “high risk” “heavy transaction costs”, and “mounting loan losses” as some of the many factors that drained state resources and the consequently have failed to provide financial self sustainability.
1.3 SCOPE OF THE STUDY
The research intends to theoretically expose the sources and uses of funds in cooperative business enterprises of Nigeria situation and also to find out the problems that hindens the sources and uses of funds in Nigeria situation. They analysis cooperative finance because of the low economic status of women in Nigerian society.
1.4 LIMITATION OF THE STUDY
This have been able to create significant income and employment opportunities for the poor in developing countries. The institutions have them to build operational and financial self sufficiency. In Nigeria, over investment in this sector by government as was consequent restructuring of the economy that Nigeria embarked on in the mid – 1980s. The inhibiting factors that make rural enterpr4ises unsuccessful was identified by yaron “high risk” “heavy transaction costs”, and mounting loan losses as some of the many factors that drained state resources and consequently have failed to provide financial self sustainability.
1.5 OBJECTIVES OF THE STUDY
The purpose of this study is to review and appraise the source and uses of funds in cooperative business enterprises of Nigeria situation. They are:
1.6 IMPORTANCE OF THE STUDY
The research will help to find out the achievement made by sources and uses of funds in cooperative business enterprise and also assist researchers on how best to promote cooperative.
This study will also help to ascertain whether the sources and uses of funds its aim or not. This will help to limit the lack of access of capital.
This study generate income that eventually leads to a sustainable development.
The availability of facilitates income and contribution to their increase in standard of living.
Banks helps to increase significantly household incomes, productivity, labour force participation, and rural wages thereby reducing the level of absolute poverty.
Creating significant income and employment opportunities for the poor in developing countries.
Promoting self sufficiency
Raising their economic status.
1.7 RESEARCH QUESTION
1.8 HISTORY BACKGROUND OF THE STUDY
It ha s been estimated that women comprise nearly 74% of the 19.3 million of the world’s poorest people now being served by microfinance institutions. According to the state of the microcredit summit campaign 2001 report, this equals 14.2 million of the world’s poorest women and these have access to financial services through microfinance institutions, banks, NGOs and traditional or non bank financial institutions. A survey by the special unit on microfinance of the United Nations Capital development Fund (SUM/UNCFD) of 29 microfinance institutions revealed that approximately 60% focused entirely on women of other women. Six of the 29 focused entirely on women of other 23 mixed sex. Programmes, 52% of clients were women. However, the percentage of women clients decrease when “only individual loans” or relatively high minimum loans amounts” were offered. Similarly according tot the USAID’s annual micro enterprise results for 2000, approximately 70% of USAID – supported mircofinancial institutions are women.
The Abuja Declaration on participatory development” The role of women in the 1990s noted that sustainable development only can be achieved with full participation of women who constitute approximately 50 percent of the population. The declaration also noted that: Women lacked access to resources including credit and technology. Because of the deterioration of the economic sit uation in the 1980s, the condtion of women has been affected adversely. To initiate priority actions that would “substantially increae female extension agents and fully utilize them to establish cooperatives and rural banks for women. Women have a smaller loan size obtensibly because women are considered to have a smaller thereby limiting the range of their economic activities and returns. Finance strategies have therefore been rewcogtnised by national governments, donor agencies anqd NGOs as strategies for gender equality, poverty alleviation, community development and above all for gender equality and women empowerment. The setting up of these structures and placing the strategies does not go far in addressing their empowerment and economic welfare in society. These strategies include training, leadership training and involvement, ownership and control of credit institutions.
World Bank, 2001 indicates that gender inequalities in developing countries inhibit economic growth. There is a correlation between gender discrimination and greater poverty, slower economic growth, weaker governance and low standard of living of the people.
1.9 DEFINITION OF TERMS
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