AN APPRAISAL OF THE ACTIVITIES AND MANAGEMENT METHODS OF ANAMMCO WORKER’S MULTIPURPOSE CO-OPERATIVE SOCIETY LTD
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AN APPRAISAL OF THE
ACTIVITIES AND MANAGEMENT METHODS OF ANAMMCO WORKER’S MULTIPURPOSE CO-OPERATIVE
SOCIETY LTD”,
PROPOSAL
This project research on an Appraisal
of the Activities and management methods of Anamco workers multi-purpose
co-operative society should be aimed to examine the examine the management and
activities of Anamco worker’s multi-purpose co-operative society limited, which
is located in Eneme, Enugu state.
I intended to look into the aims and
objectives of the society; origin and membership; social and business
activities; sources of finance of the society; financial benefits to members;
Assets and liabilities of the society; and problem facing the society.
I also intended to use both primary and
secondary sources in my data collection.
In selecting respondent, I intended to
use stratified random sampling method, the respondent should be the official
and members of Anammco worker’s multi-purpose co-operative society limited.
In chapter 1, I intended to focus on
introduction which the entire, general introduction; statement of the problem;
significance of the study; objectives of the study; scope and limitations of
the study, research questions.
In chapter two, I intended to focus on
literature review, which will entire the field of Activities undertaken by the
Anammco workers multi-purpose co-operative society Ltd; Economic activities for
meeting the needs of Anammco workers multi-purpose co-operative society Ltd.
In chapter three, I will also focus on
Research Design and Methodology. The remaining chapter should
known when I go back to the field for further research.
Below are Names of Officials in Anammco
Workers Multi-purpose Co-operative Society.
1. MR. GABRIEL .A.
OSAGIE - PRESIDENT
2. MR. OKEZIE
ONUEYE
- VICE PRESIDENT
3. MR.
BONIFACE .O. OKEREKE - SECRETARY
4. MR.
DOMINIC OGBOZOR - ASST.
SECRETARY
5. MR.
SAMUEL .U. KALU -
TREASURER
6. MR.
KENNET OKPADILE - FINANCIAL SECRETARY
7. MR.
CHINEDU OKWEREKWU - EX-OFFICIAL
8. MR.
NICHOLAS OSUNDU -
EX-OFFICIAL
9. MR.
THEO OKEY ONYEMA - EX-OFFICIAL
ABSTRACT
This project research was aimed to
examine the management and activities of the Anammco worker’s multipurpose
co-operative society limited, which is located in Emene, Enugu state.
The study is aimed at looking into the
aims and objectives of the society, origin and membership, social and business
activities; sources of finance of the society; financial benefits to members,
assets and liabilities of the society and problems facing the society.
The information gathered from this
study was both from primary and secondary sources.
In selecting respondents, the
stratified random sampling method was used. the respondents were the
official and members of Anammco worker’s multi-purpose co-operative
society limited.
Questionnaires and oral interviews were
used to obtain the required response from the respondents. The data
gathered were systematically analyzed, the present management and activities of
the Anammco worker’s co-operative society was revealed through the data
analysis.
The finding revealed that officers who
are democratically elected annually manage the society.
The business activities of the society
include granting loans to her members at a reasonable rate, selling of good
quality products at the society’s consumer’s shop.
The social activities in which the
society is engaged includes giving her members some form of bonuses or gifts
especially during festival seasons; providing help to her members during
marriages, funerals, naming ceremonies, accommodation, medical expenses, etc.
The major sources of finance for
the society includes thrift savings, interests from loans granted to members,
levies paid by members and also from the mother company, i.e, the Anambra
Motoring Company (ANAMMCO).
It was also noted that the society kept
some books and records of which include committee General minutes book,
member’s register, cash book, personal ledger and attendance register.
Also the study revealed that the society is faced with some problems such as
macro and micro factors (effects) effecting the economy, poor government
support, etc.
The study made the following
recommendations of which includes constant education of both the management and
members of the society, establishing a properly equipped consumers shop, the
need of more co-operative field officers, electing honest loyal officers,
constant evaluation of the society’s aims and objectives. These and many
more will help to add life as well as activate the management and activities of
the ANAMMCO worker’s co-operative society limited.
TABLE OF CONTENTS
CHAPTER ONE: INTRODUCTION
1.1
General Introduction
1.2
Statement of the problems
1.3
Significance of the study
1.4
Objective of the study
1.5
Scope and Limitations of the Study
1.6
Research questions
CHAPTER TWO: LITERATURE REVIEW
2.1
Field Activities undertaken by the Anammco Worker’s Multipurpose Co-operative
Society Limited.
2.1.1
Credit and Thrift Savings.
2.1.2
Workers need to save
2.1.3
Worker’s need to borrow
2.1.4
Worker’s need to invest their savings/money.
2.1.2
Operating a consumer’s co-operative store.
2.2
The objectives and activities of the ANAMMCO worker’s multipurpose co-operative
society Ltd.
2.2.1
Economic activities for meeting the needs of ANAMMCO worker’s multipurpose
co-operative society Ltd.
2.2.2
Participatory democracy
2.2.3
Human responsibility
2.2.4
Social responsibility
2.2.5
National and International Economic co-operation.
2.3
The mode of operation and management of co-operative society
CHAPTER THREE
RESEARCHDESIGN AND METHODOLOGY
3.1
Historical Background/Overview of multipurpose co-operative society in Eastern
Nigeria
3.2
Sampling procedure
3.3
Sources of Data
3.3.1
Oral interview
3.3.2
Questionnaire
3.4
Population of the study
3.4.1
Sample size
3.5
Stastically presentation
3.6
Analytical presentation
CHAPTER FOUR
PRESENTATION AND ANALYSIS OF DATA
4.1
Aims and objectives of the society
4.2
Origin and membership
4.3
Social and business activities
4.4
Source of the finance
4.5
Record books of the society
4.6
Financial benefits to members
4.7
Assets and liabilities of the society
4.8
Problems facing the society
CHAPTER FIVE
SUMMARY, CONCLUSION AND
RECOMMENDATION
5.1
Summary
5.2
Recommendation
5.3
Conclusion
5.4
Bibliography
5.5
Questionnaire
CHAPTER ONE
1.0
INTRODUCTION
1.1 GENERAL INTRODUCTION
The population of this study is limited
to the worker’s of ANAMMCO who come together of their own free will to form the
ANAMMCO worker’s multipurpose co-operative society Ltd. This is made up
of people who voluntarily associated together as human beings on the basis of
equality, for their social-economic interest.
Anammco worker’s multipurpose
co-operative society limited has become co-operative that co-operation as a
corrective measure to capitalism, has an ideological base that is rooted on
democracy, caring and sharing.
The society was formed in August 11
1987 and was incorporated in 25 March 1988, with total membership of 415.
Activities of the society include: granting of loans to members, establishment
of staff shop to sell commodities.
Presently, Anammco worker’s
multi-purpose co-operative society has about 748 members, among them are 70
females and 678 males.
Anammco worker’s multipurpose
co-operative society ltd has about N55,000,000 value of their Assets and
N25,000,000 value of liabilities.
Co-operative as social economic society
have their record books which they use to record all the financial transactions
and the event in the society. In Anammco multipurpose Limited, they use
six record books among them are:-
A)
Committee minutes book
B)
General minute book
C)
Member’s register
D)
Cash book
E)
Personal ledger
F)
Attendance register
As a society that operate in fragile
Economic situation, Anammco M.P.L.S are facing many problems which include:
i.
Macro and Micro effects or factors
ii.
Poor co-operative spirit
iii.
Lack of co-operative extension workers.
1.2
STATEMENT OF THE PROBLEM
Multipurpose co-operative society as
the name implies are societies that engage in all types of business thereby
performing more than one function to their members. They engage in
production, offer credit to members and market the members products, buys goods
in large quantities for its members, e.t.c. thus, this type of society
enables its members to get all that they require from the society and have more
time to attend to their work.
Multipurpose co-operatives face a lot
of problems such a insufficient financial resources; lack of educated personnel
management activities often do not conform with co-operative purpose,
non-specification of an ideal co-operative purpose to be followed by management
over dependence on government, etc.
Hence, this study is concerned with the
task of finding out about the general and specific activities of Anammco
worker’s multipurpose co-operative society Ltd, with regard to its management,
objectives and activities.
1.3
SIGNIFICANCE OF THE STUDY
The prime reason why individuals join
co-operatives is for the fulfillment of their basic needs, thus, their
continued patronage and loyalty to the society depends on the society’s ability
to meet their needs.
The study of Anammco worker’s
multipurpose co-operatives society Ltd will help us to observe how the above
named society carries out its activities and management function. It will
also highlight the various views on the basic objectives and activities of the
society.
Also, the study will evaluate the
systems of management policy order to determine its application and practical
workability.
Lastly, the study will help to
estimate the changes required or to re-interpret the activities and revise the
objectives of the society.
1.4
OBJECTIVES OF THE STUDY
i.
To find out the aims and objectives of Anammco workers M.C.S Ltd.
ii.
To find out the origin, date registered, membership, sex composition.
iii.
To find out the various social and business activities under-taken by the
society.
iv.
To appraise the management of the society.
v.
To find out sources of finance of the society.
vi.
To find out about financial benefits to members of the society.
vii.
To find out the Assets and Liabilities of the society.
viii.
To find out the problems facing the society.
ix.
To make recommendations for the improved running of the society.
1.5
RESEARCH QUESTIONS
1.
What are the major activities of multipurpose co-operative society?
2.
Who organize the day-to-day function/activities of the society?
3.
How can the quality and performance of management of cooperative societies be
improved for effective running of co-operatives?
4.
What kind of achievements has been made by multipurpose cooperatives in the
past years?
5.
What sources of finance are open to multipurpose co-operatives?
6.
How can the operations and workings of multi-purpose co-operatives be improved
for better economic development.
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