THE IMPACT OF SOCIO- ECONOMIC CHARACTERISTICS ON LOAN REPAYMENT, AMONG COOPERATIVE ENTERPRISES IN OSHIMILI SOUTH LOCAL GOVERNMENT AREA OF DELTA STATE. A RESEARCH PROJECT MATERIAL ON CO-OPERATIVE ECONOMICS
This research study adopted an econometric analysis on The Impact of Socio-Economic Characteristics On Loan Repayment Among Cooperative Enterprises In Oshimili South Local Government Area of Delta State. Chapter one of this research work deals with the introduction and background study of the said topic, which also include the specific objectives of the study; and the hypotheses to be analyzed. Chapter two talks on the different sources of the financial structure of cooperatives societies. The review of problems facing cooperative enterprises in raising funds. The research methodology and design used in analyzing the data is discussed in chapter three. Besides, chapter four deals with data presentation and analysis using frequency tables, showing the percentage of responses and the ordinary least square (OLS) method of empirical analysis was used for the determinants of socio – economic variables on loan repayment. Chapter five of this work deals with the summary of findings, recommendation and conclusion. Consequently,recommendations, which will assist policy makers in Nigeria to make policies that will enhance the financing of cooperative enterprises in Nigeria, were made.
The importance of funds to any business enterprise, be it private or public, cannot be over-emphasized. Co-operative societies need funds to finance their fixed and working capital, to pay for services and for making interest-yielding investments. Lack of funds had featured prominently among the key constraints to co-operative business enterprise in Nigeria even at normal times. We can then imagine, or rather, we are all aware of the situation under the prevailing excruciating business climate in Nigeria. (Chukwuemeka, 2001).
The issue of funds has become critical, as expectations, opportunities for small-scale enterprise cannot be seized due to a general lack of investible funds. Added to the abolition of subsidies, the results is fewer resources, tougher competition, higher capital cost and reduced access to credit. This is more so because cheap government credit on which co-operatives relied heavily in the 1980s has since dried up, many banks have gone from distress to bankruptcy, and the surviving ones have constricted their lending.