EFFECTIVE ADMINISTRATION OF CREDIT IN THE CO-OPERATIVE ENTERPRISE

ABSTRACT: The study systematically revealed the process of effective administration of credit in co-operative enterprise in Enugu south local government of Enugu state. It highlights the process of credit administration in co-operative, which include, loan administration and assessment loan contract, supervision of credit and credit recovery. Questionnaires were administered to the society under study. The society also was randomly selected. Out of the 20 questionnaires administered to the selected co-operative society, eighteen were returned and analysis were based on the returned questionnaire. The study showed that co-operatives can raise fund for their activity both by internal and external source. The internal source includes, share capital, revolving fund, deposit and reserve. The external capital includes the co-operative apex, agricultural credit guarantee scheme fund among others. The problem militating against the co-operative credit administration were discussed such as defiant economic situation prevailing in the country, high inflation rate and personnel unsound lending practice etc. Consequently, workable recommendation were made of which if adopted will go a long way to ameliorations of the impediment encountered by co-operative in credit administration. Hence consolidating the benefit of effective credit administration among co-operative society in the area.

INTRODUCTION

Effective administration of credit in the co-operative enterprise. This is a case study of the selected area of Enugu mouth local government area. The study systematically revealed the process of effective administration of credit in co-operative enterprise in Enugu south local government of Enugu state. It highlights the process of credit administration in co-operative, which include, loan administration and assessment loan contract, supervision of credit and credit recovery. The information as regard to this project will come from Enugu south local government area of Enugu. The research as this project will be design in such a manner that will suit the purpose of this project. With this reason, a logical procedure will be used to give a balance report and to avoid bias information The type and nature of this research study will determine the type and source of data to be use however in the accomplishment of this study, both primary and secondary source of data will be used. During the course of this study, interview will be conducted; this will help to analyze the data. The nature of the research topic the characteristic of the population, the time as well as the distance which shall be covered shall determine if the population sample is going to be used in this research. The research of this study will be limited to effective administration of credit in the co-operative enterprise in Enugu south L.G.A.