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The Financial Management In Co-operative Financing Agency
[A CASE STUDY OF KWARA CO-OPERATIVE FINANCIAL AGENCY L.T.D ILORIN] -
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ABSTRACT
Co-operative financing agency are not different from other types of business with respect to efficient management of their funds they are required to used funds 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. that interest payment must not exceed percentage.
As a catalyst cooperative financing agency put together, then resource of entire cooperative credit union and by so doing make the possible for credit union to help each other thereby bringing the gap between rich and poor cooperative credit union the cooperative credit concept is widely recognized on the only means to successful improved the standard of living.
Therefore through spirit of cooperative mutual self help, the rich individual financial strength to the poor credit union in order to effect imposed credit equipment out, the financial strengths and mutual protection that unity breads. When a credit investment part in the members total serving into the apex through the financing programme it handing power to another by making money available for the needy credit union to borrow in order to assist the credit need of its member and accord financial relief in the sense of world.
The desire for individual to development them there economically and socially and the desire of cooperative financial agency to become strengthened will be achieved through efficient financial management.
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CHAPTER ONE - [ Total Page(s): 3 ]CHAPTER ONE1.1 INTRODUCTION Cooperative financing agencies are not different from other types of business with respect to efficient management of their funds they require its used fund very carefully and judiciously because their source of funds tend to be limited. The peculiar limitation imposed by cooperative principles mark it very difficult for cooperative to obtain sufficient fund from outside e.g that interest payment must not exceed a certain percentage. ... Continue reading---
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CHAPTER ONE - [ Total Page(s): 3 ]CHAPTER ONE1.1 INTRODUCTION Cooperative financing agencies are not different from other types of business with respect to efficient management of their funds they require its used fund very carefully and judiciously because their source of funds tend to be limited. The peculiar limitation imposed by cooperative principles mark it very difficult for cooperative to obtain sufficient fund from outside e.g that interest payment must not exceed a certain percentage. ... Continue reading---
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ABSRACT -- [Total Page(s) 1]
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