CONSTRAINTS AND IMPACTS OF CREDIT CO-OPERATIVE IN ORGANIZATIONS
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CONSTRAINTS AND IMPACTS OF CREDIT CO-OPERATIVE IN ORGANIZATIONS
The study thoroughly highlighted the restrictions and impact of credit cooperatives in organisations. A case study of the Federal Polytechnic Thrift and Loan Society Ltd, Nekede Owerri.
It focuses on the credit administration process in cooperatives, including loan administration and loan contract appraisal, as well as credit recovery supervision.
Questionnaires were distributed to the society being studied. The civilization was likewise selected at random. Out of the 20 surveys distributed to the selected cooperative, the returned questionnaire.
The study should show that a cooperative can raise and fund its activities from both internal and external sources. External sources of funding include the cooperative apex agricultural credit guarantee scheme fund, among others.
The problems affecting cooperative credit administrations were examined, including the country’s poor economic position, high inflation rate, and personnel’s faulty lending practices.
As a result, realistic recommendations were developed, which, if implemented, will go a long way towards alleviating the challenges that cooperatives face in credit management. As a result, the benefits of proper credit administration are being shared by the local cooperative society.
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