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Financial Management In Co-operative Financing Agency
[A CASE STUDY OF KWARA CO-OPERATIVE FINANCING AGENCY LTD] -
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ABSTRACT
Co-operative financing agency are not different from other type of business with respect to efficient management of their funds they are required to used fund very carefully and Judiciously because their source of funds tend to be limited. The peculiar limitation imposed by co-operative principle make it very difficult for co-operative to obtain sufficient funds from outside e.g. the interest payment must not exceed percentage. As a catalyst co-operative financing agency full together then source of entire cooperative credit union to help each and by doing make it possible for credit union to help each other there by bridging the gap between rich and poor co-operative credit union.
The co-operative credit concept is widely recognized on the means to successfully improved the standard of living therefore through spirit of co-operative mutual self help the rich union like to some of their individual financial strength to the poor credit union in order to effect imposed credit equipment and financial strength and mutual protection that unity bread when a credit investment and part in the member total serving into the Apex through the financial programme it handing power to another by making money available for the need credit income to borrow in order to assist the credit need of the member and to accord financial relief in the sense of world. The desire for individual to develop them economically and socially and the desire of co-operative financial agency to become strengthened will be achieved through efficient financial management.
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CHAPTER ONE - [ Total Page(s): 2 ]CHAPTER ONE1.1 INTRODUCTION Co-operative financing agencies are not different from other types of business with respect to efficient management of other funds they requires its used fund very carefully and judiciously because their source of funds tend to be limited. The peculiar limitation imposed by co-operative principles mark it very difficult for cooperative to obtain sufficient fund from outside. E.g. That interest payment must not exceed a certain percentage. As a ... Continue reading---
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CHAPTER ONE - [ Total Page(s): 2 ]CHAPTER ONE1.1 INTRODUCTION Co-operative financing agencies are not different from other types of business with respect to efficient management of other funds they requires its used fund very carefully and judiciously because their source of funds tend to be limited. The peculiar limitation imposed by co-operative principles mark it very difficult for cooperative to obtain sufficient fund from outside. E.g. That interest payment must not exceed a certain percentage. As a ... Continue reading---
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ABSRACT -- [Total Page(s) 1]
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