ABSTRACT
This
study was designed to examine micro-credit and performance of cooperative
business enterprises in Abia State, Nigeria It specifically looked at the
principles/socio-economic characteristics of cooperatives, features of
cooperative bbusiness enterprises, identification of the types of cooperative
enterprises and sources of funds available to cooperative enterprises,
examining die performance of cooperative business enterprises, ascertaining the
rpayment rate and the major problems of cooperative business enterprises in the
study area One hundred and twenty cooperators from 5 different cooperative
business enterprises wre randomly selected. Primary data were used for the
study. Data analysis was carried out using simple ddescriptive statistica tools
such as means percentages, and frequency distribution as well as regression
analysis. The result of data analysis show that majority ofthe coopertive
business enterprise had a mean staffstrength and length of operation of 7
staffand 8 years of business operation respectively indicating that they are
small scale cooperative business enterprises. The study further shows that
about 97% ofthe enterprises indicated that equality ofmembers in decision
making was the highest principle of cooperative that is being adhered to; ab
out 88% indicated that they belong to producer based cooperative enterprises.
This could be due to the fact that most ofthe respondents were farmers. In
addition, 98 percent of the respondents indicated the the sale of cooperative
business output was the source offund availbale to cooperatives businesses. It
was discovered that the performance ratio were 1.88, 2.08, 1.14 for returns on
sales, returns on investment and gross profit to sales respectively. These show
tha the cooperative business enterprises wre operating at a profitable level
and had good performance. The repayment ratio was 64.03% indicating a slightly
ab ove average level. Age of cooperative, business size, infrastructure and
interest rate were significant variables influencing micro-credit (amount of
credit used). Income, transaction cost, interest rate and education were
significant factors influencing repayment. Inadequate finance (98%) and delay
in loan disbursement wre major problems confronting cooperative business
enterprises in the study area. To ensure continuity of cooperative business
enterprises, there should be strict adherence to the principles of coperative.
Pricce reduction of all inputs used in by cooperatives should be implemented to
ensure profit maximization and cost minimization. Efforts such as agribujsiness
in marketing and its strategies should be seriously looked at/workout/put in
place so that the performance and profitability of cooperative business can be
maintained.
DICKSON, D (2023). Micro-Credit And The Performance Of Cooperative Business Enterprises In Abia State, Nigeria. Repository.mouau.edu.ng: Retrieved Nov 13, 2024, from https://repository.mouau.edu.ng/work/view/micro-credit-and-the-performance-of-cooperative-business-enterprises-in-abia-state-nigeria-7-2
DICKSON, DICKSON. "Micro-Credit And The Performance Of Cooperative Business Enterprises In Abia State, Nigeria" Repository.mouau.edu.ng. Repository.mouau.edu.ng, 10 Aug. 2023, https://repository.mouau.edu.ng/work/view/micro-credit-and-the-performance-of-cooperative-business-enterprises-in-abia-state-nigeria-7-2. Accessed 13 Nov. 2024.
DICKSON, DICKSON. "Micro-Credit And The Performance Of Cooperative Business Enterprises In Abia State, Nigeria". Repository.mouau.edu.ng, Repository.mouau.edu.ng, 10 Aug. 2023. Web. 13 Nov. 2024. < https://repository.mouau.edu.ng/work/view/micro-credit-and-the-performance-of-cooperative-business-enterprises-in-abia-state-nigeria-7-2 >.
DICKSON, DICKSON. "Micro-Credit And The Performance Of Cooperative Business Enterprises In Abia State, Nigeria" Repository.mouau.edu.ng (2023). Accessed 13 Nov. 2024. https://repository.mouau.edu.ng/work/view/micro-credit-and-the-performance-of-cooperative-business-enterprises-in-abia-state-nigeria-7-2