THE SOURCES AND USES OF FUNDS IN COOPERATIVE BUSINESS ENTERPRISES THE NIGERIAN SITUATION
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.
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