EFFECT OF COMMUNITY BANKS IN RURAL DEVELOPMENT

Code: FA037192019 Price: 4,000 5 Pages Chapter 1-3 6488 Views

GET THE FULL MATERIAL

This project work is a study of the impact of Community Banks in Rural Development: case study Uli Community Bank Ltd, Uli. In carrying out the research, questionnaires were used, which the researcher made available to the manager, staff, and customers of Uli Community Bank. Information for this research was collected from primary, secondary and oral interviews. The data were analyzed using tables and the evaluation of data using percentages. The study reveals Uli Community Bank has a lot of impact on the development of its local area (Uli, Ihiala LGA, Anambra State), and these include: inculcating banking habits on the rural dwellers, and to generate employment in the areas where it is located; and as well, granting loans to the rural dwellers; a ready medium for quick cash transfers for people whose relations are abroad and within. The researcher also found out that Uli Community Bank does not only provide financial services to the rural dwellers, but also guarantees employment to the masses in their local and granting loans to the rural dwellers without adhering strictly to the collateral requirements Uli Community Bank even goes the extent of limiting the use of collateral to only making use of a third party qyarabtir. The researcher also noticed that the main problem facing Uli Community Bank is that it has a lot to do with the growth of economic activities in rural areas. The recommendations were made the banks should be adequately funded by the federal government to beef up their capital base. Since it was established to promote productive activities in her rural area, this will go a long way in helping the bank to meet her enormous demands in the development of the rural areas. The government should also allow the community bank to be involved in foreign exchange transactions and also to process her cheques directly with the central bank and not through correspondent commercial banks. This could be possible only if the community bank is allowed to have branches and are accepted no clearing house. Finally, Uli Community Bank should be allowed to establish other branches in her rural areas and beyond. If all these recommendations are implemented, it will go a very long way to developing the rural community which is among the objectives for establishing community banks.

Sample Preview:

DOWNLOAD SAMPLE

DOWNLOAD FULL MATERIAL

Share on social media

WhatsApp Facebook Instagram Twitter

Terms of Use: This is an academic paper. Students should NOT copy our materials word to word, as we DO NOT encourage Plagiarism. Only use as a guide in developing your original research work. Thanks.

Disclaimer: All undertaking works, records, and reports posted on this website, eprojectguide.com are the property/copyright of their individual proprietors. They are for research reference/direction purposes and the works are publicly supported. Do not present another person’s work as your own to maintain a strategic distance from counterfeiting its results. Use it as a guide and not duplicate the work in exactly the same words (verbatim). eprojectguide.com is a vault of exploration works simply like academia.edu, researchgate.net, scribd.com, docsity.com, course hero, and numerous different stages where clients transfer works. The paid membership on eprojectguide.com is a method by which the site is kept up to help Open Education. In the event that you see your work posted here, and you need it to be eliminated/credited, it would be ideal if you call us on +2348064699975 or send us a mail along with the web address linked to the work, to eprojectguide@gmail.com. We will answer to and honor each solicitation. Kindly note notification it might take up to 24 – 48 hours to handle your solicitation.

Material Information

₦4,000.00 1 Price:
5 2 No. of Pages:
3 3 No. of Chapters:
No 4 Has Implementation:

FOR ENQUIRIES WE ARE AVAILABLE 24/7

Contact us on

WhatsApp Phone Call Email Facebook