Concerted efforts were m ad for many years to involve sub- urban and rural people in Nigeria in modern banking practices. Apart from encouraging the establishment of commercial banks, merchant banks, specialized development bank were created focusing or mortgages
Agriculture, savings, co- operatives and other specific areas. Beyond this, rural branches were mandatory for the commercial bank so that the interest of the rural people could be catered for. Inspite of these efforts, the rural people could not fit into conventional banking system as they aye required to fill several forms, obey certain rules and are generally made to feel lost as their request for credit facilities are never met.
The problem persisted over the years and has led the government and some of agencies to seek acceptable solution to the problem. The central Bank of Nigeria mandated that specific number of rural branches of commercial banks be opened. Thi8s directive was complied with, but proved ineffective as the low –level education and outright illiteracy of the rural people have made them unable to understand the complex and sophisticated operations. Development at the grass- root level has been stalled most tine b y the lack of pro per economic structures, This was the rationale for the central Banks continued search for monazite the rural economy through the establishment of rural- co-a solution to operatives bank. This did not take off properly because of low capital base and poor management. The Directorate of food, Roads Rural infrastructures [DFRI] by virtue of its grassroots unit banks which would aid the programme of rural development, self reliance and better economic well being for the majority of the people in sub- urban and rural areas.
The community banking system was thus launched with the opening of Alheri community Bank, Kaduna b y the then president I.B.Banangida on 31st December. However, community Banking was formally introduced in Nigeria by Decree NO 46 of 1996.
Grassroots banking is a new phenomenon in Nigeria it attempts to reach the toiling masses who have not been able to cope with modern banking systems with its attendant complex and sophisticated operations
and emphasis on collateral.
TABLE OF C ONTENTS
Title page
Approval page
Dedication
Acknowledgement
Proposal
Table of contents
Chapter ONE: Introduction
1.0 Background of the study
1.1 Statement of Problem
1.2 Objectives of the Study
1.3 Research Question
1.4 Statement of Hypothesis
1.5 Significance of the Study
1.6 Limitations & Scope of the Study
1.7 Assumption of the Study
1.8 Definition of terms.
CHAPTER TWO: Review of Related Literature
1.1Review of Related Literature & Studies
2.1Brief of Related Literature & Studies
2.2The aims & objectives of setting up Community Bank in Nigeria
2.3Economic development due to Umudioka Community Bank.
2.4Problems facing Umudioka Community Bank.
2.5Prospects of Umudioka community Bank.
2.6 Internal Control System of Umudioka Community Bank.
2.7Financial statement of Umudioka community bank.
INTRODUTION 1.1BLACKGROUND OF THE STUDY Concerted efforts were m ad for many years to involve sub- urban and rural people in Nigeria in modern banking practices. Apart from encouraging the establishment of commercial banks, merchant banks, specialized development bank were created focusing or mortgages Agriculture, savings, co- operatives and... Continue Reading
COMMUNITY BANKS AND ECONOMICS DEVELOPMENT OF ANAMBRA STATE, PROBLEMS AND PROSPECT. [A CASE STUDY OF UMUDIOKA COMMUNITY BANK NIG. LTD ANAMBRA STATE] PROPOSAL Community banking and economic development of Anambra State aim at assessing analyzing the contribution of community banking in the economic development of Anambra state and in the same way to... Continue Reading
INTRODUTION 1. BLACKGROUND OF THE STUDY Concerted efforts were m ad for many years to involve sub- urban and rural people in Nigeria in modern banking practices. Apart from encouraging the establishment of commercial banks, merchant banks, specialized development bank were created focusing or mortgages Agriculture, savings, co- operatives and... Continue Reading
AN APPRAISAL OF COMMUNITY BANK CONTRIBUTION TO RURAL ECONOMIC DEVELOPMENT IN ANAMBRA STATE A CASE STUDY OF AWKA COMMUNITY BANK PROPOSAL The failure of the conventional banks to urge rural economic development over the years led the federal government of Nigeria to introduce the community banking system in 1990. the community banks were to be used... Continue Reading
PROPOSAL The failure of the conventional banks to urge rural economic development over the years led the federal government of Nigeria to introduce the community banking system in 1990. the community banks were to be used to accelerate rural economic development through the advancement of credit to rural economic masses and small scale producers.... Continue Reading
ABSTRACT This research work was carried out in order to find out the roles played by community based organisations (CBOs) in community development. The efforts the CBOs are making towards development and hindrances, obstacles they encounter to develop their communities. The study was based on a survey of 170 respondents through the use of... Continue Reading
ABSTRACT This study examines an appraisal of the performance of small scale enterprises in community development; evidence from Anambra South senatorial zone, Anambra state. Specifically, the study provides the reasons for going into SMEs; sources of financing SMEs; role of SMEs in community development and factors militating against SMEs in... Continue Reading
PROBLEMS AND PROSPECTS OF COMMUNITY BANKS IN THE RURAL DEVELOPMENT OF NIGERIA. (A CASE STUDY OF OGUI COMMUNITY BANK, ENUGU SOUTH L. G. A.) ABSTRACT The community banking scheme has been in operation since December 1990, and has to a large extent achieved its objectives as a vehicle for poverty alleviation at the grassroots’ level. With about... Continue Reading
ABSTRACT The community banking scheme has been in operation since December 1990, and has to a large extent achieved its objectives as a vehicle for poverty alleviation at the grassroots’ level. With about 1000 unit community banks and hundreds of thousands of customers, the banking habit has reasonably increased in the rural areas. The poor... Continue Reading
ABSTRACT The community banking scheme has been in operation since December 1990, and has to a large extent achieved its objectives as a vehicle for poverty alleviation at the grassroots’ level. With about 1000 unit community banks and hundreds of thousands of customers, the banking habit has reasonably increased in the rural areas. The poor... Continue Reading