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AN APPRAISAL OF THE ACTIVITIES AND MANAGEMENT METHODS OF ANAMMCO WORKERS MULTI-PURPOSE CO-OPERATIVE SOCIETY (ENUGU).

 

ABSTRACT

This project research was aimed to examine the management and activities of the Anammco worker’s multipurpose co-operative society limited, which is located in Emene, Enugu state.

The study is aimed at looking into the aims and objectives of the society, origin and membership, social and business activities; sources of finance of the society; financial benefits to members, assets and liabilities of the society and problems facing the society.

The information gathered from this study was both from primary and secondary sources.

In selecting respondents, the stratified random sampling method was used.  the respondents were the official and members of  Anammco worker’s multi-purpose co-operative society limited.

Questionnaires and oral interviews were used to obtain the required response from the respondents.  The data gathered were systematically analyzed, the present management and activities of the Anammco worker’s co-operative society was revealed through the data analysis.

The finding revealed that officers who are democratically elected annually manage the society.

The business activities of the society include granting loans to her members at a reasonable rate, selling of good quality products at the society’s consumer’s shop.

The social activities in which the society is engaged includes giving her members some form of bonuses or gifts especially during festival seasons; providing help to her members during marriages, funerals, naming ceremonies, accommodation, medical expenses, etc.

The major sources  of finance for the society includes thrift savings, interests from loans granted to members, levies paid by members and also from the mother company, i.e, the Anambra Motoring Company (ANAMMCO).

It was also noted that the society kept some books and records of which include committee General minutes book, member’s register, cash book, personal ledger and attendance register.  Also the study revealed that the society is faced with some problems such as macro and micro factors (effects) effecting the economy, poor government support, etc.

The study made the following recommendations of which includes constant education of both the management and members of the society, establishing a properly equipped consumers shop, the need of more co-operative field officers, electing honest loyal officers, constant evaluation of the society’s aims and objectives.  These and many more will help to add life as well as activate the management and activities of the ANAMMCO worker’s co-operative society limited.

 

TABLE OF CONTENTS

CHAPTER ONE: INTRODUCTION

1. General Introduction
2. Statement of the problems
3. Significance of the study
4. Objective of the study
5. Scope and Limitations of the Study
6. Research questions

 

CHAPTER TWO: LITERATURE REVIEW

1. Field Activities undertaken by the Anammco Worker’s Multipurpose Co-operative Society Limited.
   1. Credit and Thrift Savings.
   2. Workers need to save
   3. Worker’s need to borrow
   4. Worker’s need to invest their savings/money.
   5. Operating a consumer’s co-operative store.
2. The objectives and activities of the ANAMMCO worker’s multipurpose co-operative society Ltd.
   1. Economic activities for meeting the needs of ANAMMCO worker’s multipurpose co-operative society Ltd.
   2. Participatory democracy
   3. Human responsibility
   4. Social  responsibility
   5. National and International Economic co-operation.
3. The mode of operation and management of  co-operative society

 

CHAPTER THREE

RESEARCHDESIGN AND METHODOLOGY

1. Historical Background/Overview of multipurpose co-operative society in Eastern Nigeria
2. Sampling procedure
3. Sources of Data
   1. Oral interview
   2. Questionnaire
4. Population of the study
   1. Sample size
5. Stastically  presentation
6. Analytical presentation

 

CHAPTER FOUR

PRESENTATION AND ANALYSIS OF DATA

1. Aims and objectives of the society
2. Origin and membership
3. Social and business activities
4. Source of the finance
5. Record books of the society
6. Financial benefits to members
7. Assets and liabilities of the society
8. Problems facing the society

 

CHAPTER FIVE

SUMMARY, CONCLUSION AND RECOMMENDATION

1. Summary
2. Recommendation
3. Conclusion
4. Bibliography
5. Questionnaire

 

CHAPTER ONE

1. INTRODUCTION

1.1       STATEMENT OF RESEARCH PROBLEM

How to organize a viable Co-operative Society.

 

1.     Purpose of the Study:

Co-operative Society is a dynamic and viable business set-up, it has unique ideologies that under bind the movement and distinguishes them from other form of business.

However, it should be viable in order to carry her duties and responsibility very effective and efficiently.

The purpose of the study are as follows:

1. To create a sound form or ways or steps of organizing a viable co-operative society.

 

 

 

1.     Background of the Study:

Co-operative is an autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a joint owned and democratically controlled enterprise.

Organizing a viable co-operative societies enables the society to last long and function effectively and efficiently.  Co-operative itself started from creation.  In fact, co-operative is as old as man.  One Igbo-man has a proverb which buttress this more, “when a man is in difficulty, he seeks for help from another but when animal is, she cannot turn to another.”

In organization a viable co-operative society, there are (10) Ten steps which one must or have to follow before its/her society will be viable.

These very (10) Ten steps are short listed in the Nigerian Co-operative Society’s Decree of 1993.  By Osita Obodoechi on the Cobwebs of Co-operation, 2002, P; 2.

 

1.4   THEORITICAL FOUNDATION OF THE STUDY.

During the colonial days, the seed of Co-operation was sown but it could only grow slowly.  At this point, co-operative were restricted to serve only the  interest of the paymaster (the white man).  Co-operatives, then, were not allowed to grow or expand to the hinterlands.

In Nigeria, the first hint on co-operative emergency occurred during the 1st world war.  This Co-operative, which happen to be a consumer was modeled along the Rochdale of England, home of the colonialist.  This earliest co-operative society existed to reform out consumer goods which was very scarce during the world war.  Soon after the war ended, the consumer co-operative died a natural death.  It is said that there are many co-operatives in Enugu state which has encountered natural death due to one problem or the other.

Thus, any co-operative society that is viable will not experience natural death.  But can only shake not death.  This problem might be due to lack of adequate management, fraud, lack of training, lack of truthfulness (uncelleurity), not following the appropriate steps, etc. However, co-operatives ought to be viable mother to carry-out her obligation effectively and efficiently.

 

1.5     Research Question.

1. Who is a co-operator?
2. What is co-operative?
3. Classification of Co-operatives.
4. Structures of Co-operatives.
5. Motives for joining Co-operatives.
6. Factors which affect the formation of Co-operatives.
7. The viable steps in forming Co-operative societies.

 

1. LIMITATION OF THE STUDY

In an attempt to produce this work, the researcher faced several handicaps which include lack of materials and inadequacy of data.  I  based my project on the Nigerian co-operative societies in which Enugu turns to be part of it.

 The study covers who is a co-operator, what a co-operative, types of co-operative, classification of co-operative, structure of co-operative, principles of co-operative, motives for joining co-operative, factors which effect the formation of co-operative, 10 steps a co-operative society must follow so as to make her viable and productive, etc.

The director should work towards to achieve a viable co-operative society which enables him to improve the economic well-being of their members.

This project is serving as a term paper bases on secondary information then the scope is not versed.  It is centered on the co-operative societies here in Enugu state.

 

1. Significant of Study

This project work enables the society to know that viable co-operatives will help to improve the economic activities of the country or society.  This research work will help equally the federal government to improve the societies, since it is the aim of the federal government to register co-operative societies.

By so doing, other unviable co-operative will benefit from it. Viability will benefit of co-operative is an indispensable element/feature in co-operative development which should not be under rated.

The Ten (10) steps stipulates the best way for any co-operative  to be viable as long as she wants to be.

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