Co-operative movement is a product of the different socio-economic conditions brought about by industrialization and a better forming economy in many of the advanced counties as well as the developing countries. Co-operatives have been used for effective mobilization of labour, combination of agro industrial development program with the aim of promoting growth in all communities. It was found out that while a few CTLS have made sounding success base on the level of their capitalization and investment capital, others are just clutch of life.
All co-operative societies consisted by the CTLS in the reason for the proliferation of co-operative thrift and loan society in that of the indigenos loan clubs (Isusu) has existed in the region prior to official introduction of the co-operative movement. Also there was a pressing need among the population to improve on their condition of living since the origin.
Co-operative thrift and loan societies has become most subscribed and successful co-operative type in Enugu. The establishment can of course promote means of motivating their workers but it hardly achieves its own when compared to co-operation. Authoritatively, it can be called a bridge that would close the gap created by the harsh economic condition the numerous wants and needs which are enormous and their esteem needs as described by Abraham Maslow in his hierarchy of wants.
Co-operative cocoa societies started in the western region of Nigeria. The main reason why co-operative societies formed at that time was to help organize cocoa farmer of eastern Nigeria. In 1944, the beneficial of co-operation are not limited to the employees alone. The organization sees a change in the attitude of their workers the rate at which people change jobs would reduce and vis-versa. With this borne in mind, any organization that impacted the economic advancement of its work force should bear it in mind that the obstruction co-operations as most employers see it as movement without considering the gains they stand to obtain.
STATEMENT OF THE PROBLEM
The felt need for a means of cushioning the effect of inflation, harsh sip and a host of their problems experienced in our nation and other nation that are faced with similar problems are indeed which is most cases have not addressed the problem at hand but has only helped in alleviating a minimal amount which was enriched the pocket of those preferring them. The government on its part has not taken time to research into ways of making a head way as all the remedies out do not make any remarkable impact on those concerned.
No matter the amount one receives at the end of the month, if it is not properly administered with a certain level of frugality in order to cover the wants, the problem at hand is still not solved. Credit mobilized through the savings of members it has been observed that companies or organizations where credit co-operatives are established are faced with problems namely:
-No registration of the society in the ministry of co-operatives.
-A default in the payment of salaries
-A conflict of interest between the co-operatives and establishment management
-The problem of first or greater locality to who at a particular point in time.
-If there has been a remarkable growth rays since its inception and development in their areas of operation.
A recent balance sheet compared to the previous ones during its formative years would be a certain for evaluation of performance.
-Check out for the problems being encountered by these CTLS in their daily operations.
-Finally make recommendations and suggestions solution to the problems being encountered by members intending members and society too. Not forgetting to show the charges and windfalls that these credit thrift and loan societies can create to all concerned.
THE BENEFIT OF COOPERATIVE SOCIETIES TO STAFF OF FEDERAL ESTABLISHMENT IN ENUGU STATE USING POWER HOLDING COMPANY OF NIGERIA COOPERATIVE THRIFT AND CREDIT LOAN SOCIETY
ABSTRACT The effect of thrift and credit society on enhancing membersâ€™ living standard cannot be overemphasized. This has prompt the researcher to carryout a research work on the subject matter, the research started by introducing the subject matter in chapter one, background of the study, objectives of the study, research question,... Continue Reading
COOPERATIVE AS AGENT OF RURAL DEVELOPMENT (2008-2012) A CASE STUDY OF ABAKPA NIKE LOCAL GOVERNMENT AREA CHAPTER ONE 1.0 INTRODUCTION In most developing countries, cooperative societies constitute the most important aspects of rural development. It was proposed as a result of the evils of the industrial revolution as of (1750 – 1850. It was when... Continue Reading
A STUDY ON COOPERATIVE THRIFT AND LOAN SOCIETY (A CASE STUDY OF FEDERAL MINISTRY OF INDUSTRY AND TECHNOLOGY, OWERRI, IMO STATE - 1998 – JUNE 2004) ABSTRACT This research project titled “Co-operative Thrift and Loan Society of Federal Ministry of Industry and Technology, Owerri, Imo state. The study was motivated by the necessity of requirement... Continue Reading
ABSTRACT This research project titled 'Co-operative Thrift and Loan Society of Federal Ministry of Industry and Technology, Owerri, Imo state. 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... Continue Reading
Abstract This project work aimed at developing a Cooperative Thrift and Credit Society System (CTCSS) for Cooperative Societies. A preliminary investigation of the existing manual system was carried out and a web-based software was designed and developed. We made use of the C# programming language pronounced as C sharp on the ASP .NET platform in... Continue Reading
AN EXAMINATION OF THE ROLE COOPERATIVE THRIFT AND CREDIT SOCIETIES TO THE DEVELOPMENT OF URBAN AREA CHAPTER ONE INTRODUCTION The thrift and Credit cooperative has been formed with intention of improving the standard of living. The thrift and credit society started in... Continue Reading
THE ROLE OF AGRICULTURE COOPERATIVE SOCIETIES IN FOOD PRODUCTION (A CASE STUDY SELECTED AGRICULTURAL COOPERATIVE SOCIETIES IN ENUGU SOUTH LOCAL GOVERNMENT AREA, ENUGU STATE) ABSTRACT Modern form of Co-operative leaves their origin in the tension and opportunities created by industrialization and urbanization in the nineteenth Century in Europe.... Continue Reading
THE ROLE OF AGRICULTURE COOPERATIVE SOCIETIES IN FOOD PRODUCTION (A CASE STUDY SELECTED AGRICULTURAL COOPERATIVE SOCIETIES IN ENUGU SOUTH LOCAL GOVERNMENT AREA, ENUGU STATE) ABSTRACT For the purpose of this research work, an opinion survey was made using oral interview and author constructed questionnaire to examine the role of Agricultural... Continue Reading
THE ROLE OF COOPERATIVE SOCIETIES IN REDUCING UNEMPLOYMENT (A CASE STUDY OF SELECTED COOPERATIVE SOCIETIES IN NKANU WEST LOCAL GOVERNMENT AREA ENUGU STATE) ABSTRACT Since both government and private body have failed to provide a lasting solution to unemployment menace, co-operative becomes another alternative solution of necessity in order to make... Continue Reading