AGRICULTURAL CREDIT CO-OPERATION, CO-OPERATIVE THRIFT AND LOAM SCHEMES, FARMERS MULTI-PURPOSE CO-OPERATIVE SOCIETIES

Code: 67A76292019 Price: 4,000 75 Pages Chapter 1-5 6633 Views

GET THE FULL MATERIAL

Agricultural credit in Nigeria dates back to the 1930s. But organized credit to farmers, but it did not start until 1772 when Nigerian agriculture and co-operative bank (N.A.C.B) was established. The awareness of the serous decline in agricultural production was partly responsible for the establishment of the bank. The N.A.C.B was not the only financial institution, which provides agricultural credit. Prior to establishment of N.A.C.B, agricultural credit scheme was operated by some agencies such as the ministry of agriculture supervised scheme, agricultural credit co-operation, co-operative thrift and loam schemes, farmers multi-purpose co-operative societies. Most of the institution was not effective sources for strictly agricultural credit. There were a lot of evidences that creditors borrowed for agriculture but diverted it for another ventures. Again credits were only extended to only favorites and scarcely to genuine small-scale farmers. Besides, they could not meet the collateral and equity contribution requirement, a situation that compelled a significant proportion of the farmers to seek for other source credits. According to Ichadaba quoted from Cardoso, (1987.18) a survey carried out showed that 58% of farming related borrowing was from family and fiends, 24% from private money lenders, 15% from merchant, and only 3% is from institution for agriculture. However, while family and friends charges little or no interest, privet lenders charges exorbitant interest. Organized credit facility for Nigerian rural farming population will reduce the dependence on source other than the formal financial houses. It is against this background that the researcher is to investigate how credit will be effectively administered in co-operative enterprises. This will enable us the identify the major problems associated with credit administration and seek solution to those problem to ensure continued existence of the co-operatives.

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:
75 2 No. of Pages:
5 3 No. of Chapters:
No 4 Has Implementation:

FOR ENQUIRIES WE ARE AVAILABLE 24/7

Contact us on

WhatsApp Phone Call Email Facebook