Thesis Abstract

Abstract
The financing of cooperatives is a critical aspect of their sustainability and growth. Cooperatives play a significant role in various sectors of the economy, providing essential services and creating economic opportunities for their members. However, accessing adequate financing can be a challenge for many cooperatives due to their unique structure and operating principles. This research project aims to explore the different financing options available to cooperatives and the factors that influence their choice of financing. The study will begin by examining the traditional sources of financing for cooperatives, such as member contributions, retained earnings, and loans from financial institutions. It will also investigate alternative sources of financing, including crowdfunding, impact investing, and partnerships with other organizations. By analyzing these different financing options, the research will provide insights into the advantages and disadvantages of each approach and the conditions under which they are most suitable for cooperatives. Furthermore, the research will explore the role of government policies and programs in supporting cooperative financing. Many governments have established initiatives to promote the development of cooperatives and provide them with access to financing. The study will assess the effectiveness of these policies and programs in meeting the financing needs of cooperatives and identify areas where improvements can be made. In addition to examining the external sources of financing, the research will also focus on the internal financial management practices of cooperatives. Effective financial management is essential for the long-term viability of cooperatives and their ability to attract external financing. The study will investigate the financial reporting and decision-making processes within cooperatives and assess their impact on their financing options. Overall, this research project will contribute to a better understanding of the financing challenges faced by cooperatives and the strategies they can employ to address them. By identifying best practices in cooperative financing and highlighting areas for improvement, the study aims to provide valuable insights for policymakers, cooperative managers, and other stakeholders involved in supporting the growth and sustainability of cooperatives.

Thesis Overview

INTRODUCTION

1.1 BACKGROUND OF THE STUDY

In this world it is known that professions have remarkable features that differentiation them from other professions depending on the effectiveness of the profession.

The layman’s idea about a profession is the nature of the job carried out by the members of the profession and its importance to the society. This is the reason it is mostly agreed that medicine and law are the only professions existing before the advent of the industrial revolution.

In recent past, secretarial profession was not regarded medicine and law irrespective of the indispensability of its service to the survival and growth of any organization.

Secretarial profession requires expertise training education and moral conduct. The position of secretaries then was not something to write home about, in a research carried out by carr-saunders (1964) confirmed the deteriorating social position of secretaries at that period when the issue of whether or not secretaries deserve the more honour to be consulted when matters affecting the conditions of their services are made. Secretaries were then regarded by people as more servant”.

Secretarial profession was the product of commercial school with in that period, those who attended commercial schools, were regarded as secretaries but in actual sense they ware typists.

However curriculum used in training of secretaries at the advent of industrial revolution changed to new techniques and equipment. Carr- Saunders (1964) also stated that the rise of the secretarial profession took place almost in our own time and may be traced down to profound changes which have come over the educational world.

Secretarial profession in Nigeria today is distinguished as one of the profession that exist as a result of its immense contributions to commercial social and political growth of any nation. It is generally conceived as an instrument for achieving national growth, more so now that there is urhant need for it.