TABLE OF CONTENT
Title page i
Table of content vii – v
- Introduction 1
- Aims and objectives of the study 3
- Statement of the problem 4
- Limitations of the study 5
- Scope of the study 6
- Research questions 6
1.6.1 Characteristic of useable research question 7-15
- Financial management in a financial institution 16
- Financial reports 18
- Financial control 21
- The voucher system 22
- Internally generated funds 24
- Financial strengthening 28
- Internal audit 29
- Risk management programme 29
- Responsibility of the officer 35
3.1 Origin and historical development of Kwara cooperative financing agency 37
- The objectives of Kwara cooperative financing agency 39
- The structure of Kwara cooperative financing agency 40
- Kwara cooperative financing agency committee duties and responsibilities of the board of director 40
- Data presentation 46
- Data interpretation 47
- Test of hypothesis 48
- Data analysis 56
- Research findings 56
CHAPTER FIVE: summary, recommendation and conclusion
- Summary 59
- Recommendations 60
- Conclusion 62
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.
As a catalyst cooperative financing agency pull together the resources of entire cooperative credit union and by so doing mark it possible for credit union to help each other by bringing the gap between rich and poor cooperative credit union. The cooperative credit concept is widely recognized on the only means for successful improved the standard of living.
Therefore, through the spirit of cooperative mutual self help the rich credit union like to lend some of their individual financial strengths to the poor credit union in the order to effect imposed credit equipment can the financial strength and mutual protection that unit breads.
When a credit union invest part of the member total serving into the apex through the financing programme. It lends its lending power to another by making money available for the credit needs of its members and to accord financial relief in the desire of the world.
The desire for individual to develop them economically and the desire of cooperative financial agency to become strengthened and provide better services to their member themselves will be achieved through efficient financial management.
There is no better place where members saving could be portability invested than members themselves. Therefore financial agency feels that the saving mobilized by the agency if they are to be used profitability, priority should be made to circulated with financial agency itself and be fully utilized to up like living standard of the members to when there savings belong.
In general no outsider want to invest his money in cooperative members. Often consider leaving only a minimum amount in cooperative business only to invest the rest of the money in other types of business, which have no in dividend restrictions.
The phenomenon is term capital flight and emphasize the need for a very careful and efficient management of means fund available to cooperative financing agencies.
1.2 AIMS AND OBJECTIVE OF THE STUDY