THE ACTIVITIES OF I.M.T MULTI-PURPOSE CO-OPERATIVE SOCIETY LTD ENUGU (FROM 1995 2004) A CASE STUDY OF I.M.T ENUGU MULTI- PURPOSE CO—OPERATIVE SOCIETY LIMITED I.M.T ENUGU
ABSTRACT
To achieve this the researcher under took the project work by making a case study of IMT multi-purpose co-operative society and individuals with sound knowledge of co-operative for the purpose of getting relevant primary and secondary data tat will be helpful in the research analysis.
The primary data are in the from of face to face interview with some students of IMT Enugu especially students of co-operative Economics and management and individual making up the suppressed of the study.
Review of conceptual and actual research was done on past works of many author published reports, news papers and Journals. The data collected were analyses by writing a general background of multi-purpose co-operative society and their performance.
In view of the finding it was recommended amo0ng other thing that the achievements could be divided into past and present which include achievements created by the head of department co-operative , Economics and management department in general.
Co-operation is an interesting area of study . it teaches how the common people (consumers Employers, farmers, tenants, students and Artisans) can go into business successfully not for profit, but for service to themselves and by so doing eliminate for their live the daily exploitation which they suffer at the hands of profiteering middle men.
Anything done outside without co-operation breeds corruption exploitation of man by man bad business practice using stiff completion and ruthless pursuit for the markets and the likes.
CHAPTER ONE
1.0 INTRODUCTION
A co-operative society is a voluntary association of people formed to improve their economic status. In a co-operative society membership is not obligatory people join at their own will they are free and independent. A co-operative society can them be defined as an association of persons who off their own free will join together to solve their common and collective economic needs through mutual help enterprise.
There are other definitions of the international labour organization defines it as an association of person who have voluntarily joined together to achieve a common goal through the formation of a democratically controlled organization making equitable contributions to the capital required and accepting a fair share of the risks and actively participate. It must be emphasized that a co-operative society is a business organization and is recognized as such in the world over. In Economics and commerce the co-operative society is a business forms of business organization.
The above definition shows that for a co-operative to exist:-
1. There must be groups of persons with a common need and with variable membership.
2. The objective of the group must be to promote the economic interests of its members.
3. Return to capital must be limited
