BANKING HABITS IN RURAL COMMUNITIES

  • Type: Project
  • Department: Banking and Finance
  • Project ID: BFN0260
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 28 Pages
  • Methodology: Descriptive
  • Reference: YES
  • Format: Microsoft Word
  • Views: 4K
  • Report This work

For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853
BANKING HABITS IN RURAL COMMUNITIES
TABLE OF CONTENTS

CHAPTER ONE
Introduction
1.0              Background of the study
1.1       Statement of the problem
1.2              Purpose/objective of the study
1.3              Significance of the study
1.4              Limitation of the
1.5              Definition of terms
CHAPTER TWO    
2.0              Review of related literature
2.1       Evolution and types informal banking institution
2.2              Operation of informal banking.
2.3              The influence of informal banking in rural communities
2.4              Some shortcomings of informal banking institution in rural communities.
2.5              Comparative analysis of formal& informal banking institution
2.6              Reasons for the continues existence and propagation of informal banking habits.
2.7              Inaccessibility and inadequacy banking service in rural areas.
CHAPTER THREE
3.0       Research design and methodology
3.1              Research design
3.2              Data collection (secondary only)
CHAPTER FOUR
4.0       Findings
CHAPTER FIVE
5.0       Conclusion
5.1       Recommendation
CHAPTER ONE
INTRODUCTION
1.0              BACKGROUND OF THE STUDY
The term banking embraces all the activities of a bank which engages in any of the following functions such as receiving investing lending exchanging serving of money and clams in other domestic and international transaction.
The tendency to act in a certain way o manner customary relating to banking transaction is referred to as banking habits relative to this definition one easily understand that what is being referred to as transaction or informal banking institution because they perform the function of modern banking institution though in an unrefined form.
A rural community is a conglomeration or amalgamation of serve villages in this country majority of our people live in the rural communities.
Farming is the major activity and as such agriculture is their main sources of income other rural activities are trading food processing wearing tolls fabrication and poverty. These activities provide substantial amount of income for the rural population.  Establishment of institutional infrastructure like banks in such areas will ought to cater for their financial needs by mobilizing their resources into savings and extended credits for rural dwellers there by fostering their productive capacity.  But a great number of rural dwellers do not use banking facilities for a number of reasons including the existence of informal banking institution.
These informal banking institutions like their urban counter parts engage to a large extent in financial interpretation some of the informal institutions includes Age grade, Town union local money lenders family funds and married women association. The peculiar reasons which endeared the rural dwellers to informal banking institutions and ways of fostering enhancing and indicating modern banking habits in our rural communities.
1.1       STATEMENT OF PROBLEM  
After a careful analysis of answer form the respondents the researcher discovered that the major problem militating against rural communities are as follows:
-                      Lack of modern facilities like computer institution.
-                      Lack of staff commitment
-                      Inadequate staff training for this purpose
-                      Unorganized internal structure of the bank
Another problem of banking in rural communities is absence of adequate collateral security by borrower or customers collateral is some things that the bank is willing to hold against the loan it gives to its customers.  The banking system has not been able to operate effectively particularly in the area of economic development because of the inadequacy of organized and developed stocks and securities markets like the stock exchange.  
 
Also another problem of banking in Nigeria is the mass illiteracy of the people particularly in the rural areas of the country.  The localization of most of our banks in the cities constitutes a problem of its own because the illiterates in our rural areas will prefer to hoard or keep their money in their houses than going to the bank to deposit them.  just for the obvious reason of not spending money in going to the bank to with draw or deposit money for one may not like to spend N50 for transport in going to the bank to withdraw or deposit N100.
1.2              OBJECTIVE OF THE STUDY   
i.                    To foster the activities of banking especially in the rural areas.
ii.                  To critically examine the operations of informal banking institutions with the view to finding its short comings and influence upon the rural dweller and also finding a possible solution to its short coming
iii.                To identify the reasons responsible for the continued existence of informal banking institutions.
iv.                To also identify the reason why modern people  or dwellers.
v.                  Finally to make recommendations aimed at fostering improving and enhancing services of informal banking in our rural communities.   
1.3              SIGNIFICANCE OF THE STUDY   
This very research work will be of paramount important to rural bankers in particularly and other interest group at large whether corporate or individuals.
i.                    The rural dweller makes greater use of the service rendered by informal banking institutions.
ii.                  The informal banking institutions have survived because of some unique services they render to the rural dwellers.
iii.                The informal banking institution have existed because of cultural elements in traditional society.     
1.4              DEFINITION OF TERMS      
Some of the words used are defined below:
-           Banking:        This is the activities of the bank which engages the functions of receiving investing lending exchanging servicing money and claims in domestic and international transaction..
-           Banking habits:         This is the tendency to act in a certain way or manner customary or relative to banking transactions.
-           Rural community:     Is a conglomeration or amalgamation of serve villages. They can also be called primitive society
 
BANKING HABITS IN RURAL COMMUNITIES
For more Info, call us on
+234 8130 686 500
or
+234 8093 423 853

Share This
  • Type: Project
  • Department: Banking and Finance
  • Project ID: BFN0260
  • Access Fee: ₦5,000 ($14)
  • Chapters: 5 Chapters
  • Pages: 28 Pages
  • Methodology: Descriptive
  • Reference: YES
  • Format: Microsoft Word
  • Views: 4K
Payment Instruction
Bank payment for Nigerians, Make a payment of ₦ 5,000 to

Bank GTBANK
gtbank
Account Name Obiaks Business Venture
Account Number 0211074565

Bitcoin: Make a payment of 0.0005 to

Bitcoin(Btc)

btc wallet
Copy to clipboard Copy text

500
Leave a comment...

    Details

    Type Project
    Department Banking and Finance
    Project ID BFN0260
    Fee ₦5,000 ($14)
    Chapters 5 Chapters
    No of Pages 28 Pages
    Methodology Descriptive
    Reference YES
    Format Microsoft Word

    Related Works

    ABSTRACT This research work is intended to do analysis of rural banking habits f the rural communities of the Nigeria and to analyze the various problems militating against the successful implementation of the rural banking awareness from the central bank annual report and... Continue Reading
    ABSTRACT This research work is intended to do analysis of rural banking habits f the rural communities of the Nigeria and to analyze the various problems militating against the successful implementation of the rural banking awareness from the central bank annual report and statement of account 1999. Survey conducted it was revealed that the... Continue Reading
    ABSTRACT  This  research work is intended to do analysis of rural banking habits f the rural communities of the Nigeria and to analyze the various problems militating against the successful implementation of the rural banking awareness from the central bank annual report and statement of account 1999.  Survey conducted it was revealed that the... Continue Reading
    CHAPTER ONE INTRODUCTION Background of the Study Migration – the permanent relocation of residential place and activity space – has been one of the enduring themes of human history. It contributed to the evolution of separate cultures and their component by interchange and communication and to the frequently complex mix of people and cultures... Continue Reading
    CHAPTER ONE INTRODUCTION Background of the Study Migration – the permanent relocation of residential place and activity space – has been one of the enduring themes of human history. It contributed to the evolution of separate cultures and their component by interchange and communication and to the frequently complex mix of people and cultures... Continue Reading
    ABSTRACT This research work examined the “Effect of Bank distress on the saving habit of the rural dwellers” it investigated the causes and characteristic of bank distress in the Nigerian economy. Many related literature were reviewed as the researchers collected data for this... Continue Reading
    ABSTRACT This research work examined the “Effect of Bank distress on the saving habit of the rural dwellers†it investigated the causes and characteristic of bank distress in the Nigerian economy. Many related literature were reviewed as the researchers collected data for this work. In remote communities where banking habit was poorly... Continue Reading
    ABSTRACT This research work examined the “Effect of Bank distress on the saving habit of the rural dwellers” it investigated the causes and characteristic of bank distress in the Nigerian economy. Many related literature were reviewed as the researchers collected data for this... Continue Reading
    ABSTRACT This research work examined the “Effect of Bank distress on the saving habit of the rural dwellers” it investigated the causes and characteristic of bank distress in the Nigerian economy. Many related literature were reviewed as the researchers collected data for this work. In remote communities where banking habit was poorly... Continue Reading
    ABSTRACT This study is uniformed and designed to unveil and reveal Family Planning Methods in Rural Communities of Enugu State with particular References to Aji In Igbo Eze North L.G.A. the researcher assessed the acceptance of the different methods of family planning in Aji. Examined the extent of awareness of the existence family planning... Continue Reading
    Call Us
    Get this work
    whatsappWhatsApp Us