THRIFT COOPERATIVES AND FEMALE ENTREPRENEURSHIP DEVELOPMENT: A TOOL FOR POST INSURGENCY DEVELOPMENT OF NORTH-EAST NIGERIA
Abstract
The study was aimed at investigating the extent to which female who are members of thrift cooperatives have access to funds and its influence on their entrepreneurship development. Survey design method was adopted for the study. Data was collected from 84 women who are members of Virgin Thrift Society in Ngurore town, Adamawa State through Focus Group Discussion (FGD). Data was analyzed using descriptive statistics to answer the research question and the Pearson Product Moment Correlation (PPMC) was used to test the hypothesis at 0.05 level of significance. The result of analysis showed that 66.66% of the members have access to funds as seed capital to start their business, 11.90% access loan to meet family needs and 21.4% access funds to scale up their existing businesses. More so, there exist a significant relationship between having access to funds for business and the entrepreneurship development of female in thrift cooperative (r-value = 0.76, P<0.05). Based on the findings, it was recommended that the North-East Development Commission (NEDC) should work with local thrift societies to set up micro-loan scheme for women who have been affected by the recent insurgency attacks so as to set up businesses and boost their existing business in order to build their capacity to cater for their respective families.
Keywords: Thrift, cooperative, savings, entrepreneurship, women, seed-funding, north-east Nigeria.
References
Akinkugbe, N. (2016) http://www.punchng.com/esusu-access-credit/accessed 7th May, 2018
Andruita, X and Kartasova, J. (2013). Female entrepreneurship patterns: A theoretical comparative study. Verslo Sistemos Ir Ekonomika Business Systems and Economics. 3(2). 187-195
Bamidele, A. & Henson (2007). The effect of cooperative thrift and credit societies on personal agency belief: a study of entrepreneurs in Osun State, Nigeria. African Journal of Agricultural Research.2 (12). 678-686.
Bamidele, A. (2015) https://theconversation.com/how-thrift-and-credit-societies-can-help-africa-promote-entrepreneurship-50781 Accessed 6th May, 2018
EFinA (2017). Exploring Opportunities for Increasing the Deployment of Agent Networks in Nigeria. Accessed 8th May, 2018.
Haan J, Louter K, & Gerard G (2003). Innovative Behavior in India cooperatives; new product development in traditional sectors. http://ivo.uvt.nl/fulltext/03oth2_groot.pdf Accessed May, 2004
http://www.bbc.com/news/av/world-africa-38918048/the-businesswomen-in-nigeria-making-money-out-of-moi-moi Accessed 7th May, 2018.
Otto, G & Ukpere W. (2011). Credit and thrift co-operatives in Nigeria: A potential source of capital formation and employment. African journal of Business Management. 5(14), 5675-5680.
Downloads
Published
How to Cite
Issue
Section
License
Declaration/Copyright transfer:
1. In consideration of the undertaking set out in paragraph 2, and upon acceptance by ANGLISTICUM for publication of the manuscript in the Journal, I/We hereby assign and transfer publication rights to ANGLISTICUM, whereas I/We retain the copyright for the manuscript. This assignment provides ANGLISTICUM the sole right and responsibility to publish the manuscript in its printed and online version, and/or in other media formats.
2. In consideration of this assignment, ANGLISTICUM hereby undertakes to prepare and publish the manuscript in the Journal, subject only to its right to refuse publication if there is a breach of the Author’s warranty in paragraph 4 or if there are other reasonable grounds.
3. Editors and the editorial board of ANGLISTICUM are empowered to make such editorial changes as may be necessary to make the Manuscript suitable for publication.
4. I/We hereby acknowledge that: (a) The manuscript submitted is an original work and that I/We participated in the work substantively and thus I/We hereby are prepared to take public responsibility for the work; (b) I/We hereby have seen and approved the manuscript as submitted and that the manuscript has not either been published, submitted or considered for publication elsewhere; (c) The text, illustration, and any other materials included in the manuscript do not infringe upon any existing copyright or other rights of anyone.
5. I/We hereby indemnify ANGLISTICUM and the respective Editors of the Journal as mentioned in paragraph 3, and hold them harmless from any loss, expense or damage occasioned by a claim or suit by a third party for copyright infringement, or any suit arising out of any breach of the foregoing warranties as a result of publication of the manuscript.
