The thrift and Credit cooperative has been formed with intention of improving the standard of living. The thrift and credit society started in Germany under the leadership of Fredrick Ra’ffeisen in the year 1818 who is now regarded as the father of modern cooperative thrift and credit society.

Germany has always been referred to as the cradle of credit cooperative. At that time, the economic condition of Germany was so deplorable and the peasantry and artisans fiet crushed under the heavy weight of indebtedness. Famine was a common phenomenon used as order of the day. The Jews ruled over the market and the poor labourers and farmers had no way out, except to buy articles of their need from them and sales their product to them. The merchants were money lenders changing very high rate of interest for the credit they gave and offered ridiculously prices for the produce they purchased. With the hopeless life of the peasantry, Raiffeisen emerged to help them out of their indebtedness and poverty years, therefore thought out plan for cooperative societies.

Before the advert of modern cooperative society the thrift and credit society serve at urban area, the traditional mutual system is been called and addressed by different name by various communities who practice it inform of traditional form of saving.

The Hausa call it “Adashe” “Bashi” in Nupe “Asusu in Ogogo etoto in Ibibio etc.” The traditional systems of cooperative leaders of the society are elected purely on the agreement of the members, while in modern cooperative.

Cooperative at large, the management committees are elected democratically, and any person contesting for any post must have the question of some vital requirement such as payment of entrance fees, share deposit etc and the member must be voted for any post in the society.

Cooperative thrift and credit society are mainly found among the urban areas, low-income earners, government employees etc. and a good number splitter around is the urban area as well.

BACKGROUND OF THE STUDY Thrift and credit cooperative society like other sphere of life has it own problems. It is generally believed that any organization irrespective of its size has problems, if not identified and corrective measures applied is bound to hit the rock,. Cooperative thrift and credit is not left out this philosophy identifying and laying these problems is the primary aim of the write up of this project.

The project is aim at highlighting the obstacle responsible for the show growth of organization, it is also an attempt to highlight the aim and objectives of the organization, it is living up to expectation?

The problems are being highlighted analyzed and possible steps to be taken to alleviate the problems.


Modern cooperative thrift and credit has been in existence in early 20’s 2004 to be precisely in orphanage mother multi purpose society. Before then, it was traditionally practiced, low-income earner, petty traders peasant farmers etc. contribute money weekly or monthly, they rotates one after the other which serves as urban development area for its members, and then people have difficulties to secure loan for its members from any financial institution due to the fact that mostly are low income earners, urban areas etc where they have no collateral for security while they normally requested before giving people loan.

But with the establishment of orphanage mother multipurpose in that area, which was established to help people of limited means, which find it difficult to save and secure loan to better their socio economic, encourage, saving and also provide other services to the communities at reasonable rate of interest through application of self help and mutual help which is one of the guiding idea of cooperative.

But most of the people stated with drawing their membership, because they assumed that they only want to dupe and run away with the little money learned due to the fact that the time of establishment there was no emphasis on expansion and diversification of cooperatives thrift and credit in their development plan and there was nobody to educated and enlighten the people about, their aim and objective. So people where complaining that they cannot meet up their needs as a result of non provision of loan for as a whole, lack of proper book keeping and auditing which is due to unskilled personnel, lack of adequate capital and lastly there is also dishonesty and competition among committee members and government which lead to the collapsed of the thrift and credit society.


Cooperative thrift and credit ensure rapid socio – economic development of urban areas and the community at large

But due to the fact that there wasn’t any serious emphasis on expansion and diversification of cooperative movement in their development plan. Therefore it resulted to low participation of people in cooperative society.

Secondly, it also seems there wasn’t serious encouragement from government to ensure that the people were enlighten and educated in other to joint the cooperative society.


To carry out this research the following question are put forward to guide the study:

What are the impacts of cooperative thrift and credit has toward the transformation and development of urban area. How can the cooperative thrift and credit be restructured so as to give the societies at large, maximum benefit? What are the problems facing cooperatives thrift and credit societies in the urban areas.


The following are the objective of the study.

To find out the impact, cooperative thrift and credit has towards, transformation and development of urban area: In order to know and identify the problem associated with cooperative thrift and credit societies. To suggest ways and means through which cooperative thrift and credit movement can be restructure, so as to give maximum benefit to its members. SIGNIFICANCE OF THE STUDY

This study is significant in the sense through this study the orphanage will be able to know the way to improve their community they  will also know the importance of becoming a member of cooperative society, it will enhance a better well being of them and their family.

To the policy makers, this study will encourage members to save; objective of the cooperatives should be thrift, saving definitively increases the poll for further lending, loans must be given for. To management the nature as credit management makes this types of cooperatives one of the most cumbersome. Every credit cooperative must have at least the following offices and positions to make for an effective credit control.


Cooperatives: Can be defined as the autonomous association of person united voluntary to meet their economic social and cultural needs and aspiration through jointly owned democratically controlled enterprises.

Cooperative thrift and Credit: Are specialist cooperative that provide loan to its members and other credit facilities with low interest rate and also encourage saving among members. Members: Are owners of registered society who has the right and privileged as registered members of cooperative thrift and credit

Fredrick Raiffeisen: The name of a German who came out with the idea of modern cooperation thrift and credit society in Germany in 19th century, he is regarded as the father of modern cooperative thrift and credit society.

Modern Cooperative: This means the present cooperative movement which is formatly recognized in a more clearly ways and have the legal backing up the cooperative law, and the individual society by law which makes it look more admirable than the traditional cooperative.

Adashe, Dashi, Asusu and Etoto: The local term used in referring to cooperative thrift and credit among the Hausa’s Nupe, Igbo’s, and Yoruba.

Management: Committee are democratically elected officials of a registered cooperative society and they are responsible for running day to day activities of the society. So in most cases success and failure of the society is hinged on them.

Share: Amount of the money to be contributed by all members of a cooperatives society for the sake of the society business activities in some instance. The society sales each share at the sum of one Naira and every members is expected to buy not more than 25 share in the society.

Deposit: Is the total amount of saving collected from the members of the society and sometime from non-member of the society, which is to be deposited in the banks.

Government Cooperative Staff: They are government agents who link the government and the cooperative society in the urban area. These staffs are empowered to inspect the society books of account and give the society members a sound cooperative education.

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How To Write Chapter Three Of Your Research Project (Research Methodology)

  • Methodology In Research Paper

    Chapter three of the research project or the research methodology is another significant part of the research project writing. In developing the chapter three of the research project, you state the purpose of research, research method you wish to adopt, the instruments to be used, where you will collect your data, types of data collection, and how you collected it.

    This chapter explains the different methods to be used in the research project. Here you mention the procedures and strategies you will employ in the study such as research design, study design in research, research area (area of the study), the population of the study, etc. You also tell the reader your research design methods, why you chose a particular method, method of analysis, how you planned to analyze your data.

    Your methodology should be written in a simple language such that other researchers can follow the method and arrive at the same conclusion or findings.

    You can choose a survey design when you want to survey a particular location or behavior by administering instruments such as structured questionnaires, interviews, or experimental; if you intend manipulating some variables.

    The purpose of chapter three (research methodology) is to give an experienced investigator enough information to replicate the study. Some supervisors do not understand this and require students to write what is in effect, a textbook.

    A research design is used to structure the research and to show how all of the major parts of the research project, including the sample, measures, and methods of assignment, work together to address the central research questions in the study. The chapter three should begin with a paragraph reiterating the purpose of research. It is very important that before choosing design methods try and ask yourself the following questions: Will I generate enough information that will help me to solve the research problem by adopting this method?

    Method vs Methodology

    I think the most appropriate in methods versus methodology is to think in terms of their inter-connectedness and relationship between both. You should not beging thinking so much about research methods without thinking of developing a research methodology.

    Metodologia or methodology is the consideration of your research objectives and the most effective method and approach to meet those objectives. That is to say that methodology in research paper is the first step in planning a research project work.

    Design Methodology: Methodological Approach

    Example of methodology in research paper, you are attempting to identify the influence of personality on a road accident, you may wish to look at different personality types, you may also look at accident records from the FRSC, you may also wish to look at the personality of drivers that are accident victims, once you adopt this method, you are already doing a survey, and that becomes your metodologia or methodology.

    Your methodology should aim to provide you with the information to allow you to come to some conclusions about the personalities that are susceptible to a road accident or those personality types that are likely to have a road accident.

    The following subjects may or may not be in the order required by a particular institution of higher education, but all of the subjects constitute a defensible in metodologia or methodology chapter.

    Click here to complete this article - How To Write Chapter Three Of Your Research Project (Research Methodology)


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