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Examine The Impact Of Cooperative Society On Economic Development Of Rural Community.
[A CASE STUDY OF EJIGBO KAROWOSAYE COPERATIVE FINANCE AND CREDIT UNION LTD EJIBGO OSUN STATE.]
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SIGNIFICANCE OF THE STUDY
One of the significance of the study is that it will bring benefit is to union and management; both the management and the union often disagree on what the employees wants. This research worth will help them to find out what types of welfare services are needed by the workers.
Again, this study is capable of encouraging worker in ejigbo knowledge co-operative finances and credit union limited to improve their level of productivity if they were adequate staff management policy, this will allow for creating an organization which place each member of staff in a coverable situation conducive for further development at the end of this study will serve as a guide to he management of not only Ejigbo Karawoseye operative finance and credit union but to all cooperative as well as other public and private enterprises as a whole. Co-operative, generally speaking stated as a means of bottling against the economic exploitation of the poor, masses and to that people came together in order to improve their economic position within the society.
One school of though said co-operative is unscientific the school sited the case of a trader who would not sell goods due to her inability to hold enough.
Another school of though believe it is scientific in view of the facts that it arises as a result of poverty, deprivation, penury, frustration, unemployment, etc
1.6 RESEARCH QUESTIONS
1. What is cooperative society?
2. Does it’s cooperative society have the impact of economic?
3. Does the cooperative society have impact on social development?
4. Does economic development wake profitable to the cooperative society?
5. What is economic development?
RESEARCH HYPOTHESIS
These are the following research hypothesis namely:
Ha = Null Hypothesis
Hi = Atternative Hypothesis
1. Hypothesis one
Ho there is no significance relationship between the cooperative society and rural community.
Hi there is no significance relationship between the cooperative society and economic development of the community
2. H2 : cooperative society has positive impact on economic development
Ho2: cooperative society has negative impaction.
1.7 DEFINITION OF TERMS
IMPACT : strong impression of effect or role.
COOPERATION: working together for a common purpose
COOPERATIVE: the will to cooperate. As in cooperative society which is an association of person usually with limited means which voluntarily done together to achieve a common goal
SOCIETY: a group of person lives within a specific environment
ECONOMIC DEVELOPMENT: comprise of a group of people living in a remote place. It also include people at grassroots level of government within a local government
VOLUNTARY: an act of doing things willingly without being forced. It implies that any association that springs from compulsion as against a free will cannot be genuinely said to be cooperative in the sense of the term.
ROCHALDE EQUITABLE PIONEERS: an association of modern cooperative society in Manchester England.
RESERVED FUND:- this is an indivisible fund and no member is entitled to chain a specified share in it except with the written permission of registrar, it shall not be utilized in the business of the society.
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