AN ASSESSMENT OF THE PERFORMANCE OF COOPERATIVE THRIFT AND LOAN SOCIETIES IN KADUNA NORTH LOCAL GOVERNMENT AREA OF KADUNA STATE

Abstract

The study focuses on the performance of Cooperative Thrift and Credit Societies (CTCS) in savings mobilization. The business proper of the cooperative societies centres on capital formation through mobilization of funds from members and disbursing same to members when necessary. The performance of CTCS in savings mobilization was in terms of ability to attract savings deposit from members. Specifically, the study is designed to assess the socio-economic characteristics of the members; examine savings activities and assess the volume of savings mobilization capacity of the cooperative societies; study the linkage of savings with loan/credit including volume of credit applied, approved, disbursed and repaid by members. Data were obtained from six cooperative thrift and credit societies through questionnaire distribution, oral interview, journals and textbooks. However, in order to test the hypothesis, regression model was estimated.