Project Abstract

Abstract
The Anammco Workers Multi-Purpose Co-operative Society (Enugu) plays a significant role in the economic and social welfare of its members. This study aimed to provide an appraisal of the activities and management methods employed by the co-operative society. A mixed-methods approach was utilized, combining both qualitative and quantitative data collection techniques. The study found that the co-operative society engages in various activities including savings mobilization, credit provision, and social welfare programs. These activities have positively impacted the members by promoting financial inclusion and social cohesion within the community. The management methods of the co-operative society were analyzed, revealing a democratic decision-making process where members have a voice in the governance of the society. However, challenges such as limited financial resources and inadequate infrastructure were identified as areas that require improvement. The study also examined the training and capacity-building initiatives implemented by the society to enhance the skills and knowledge of its members. Overall, the findings suggest that the Anammco Workers Multi-Purpose Co-operative Society (Enugu) is making a significant contribution to the well-being of its members. By providing financial services, promoting social welfare, and fostering a sense of community among its members, the co-operative society serves as a vital institution in the local economy. Recommendations for improvement include strengthening financial management practices, investing in infrastructure development, and expanding training programs to build the capacity of members. This study contributes to the existing literature on co-operative societies by providing an in-depth analysis of the activities and management methods of the Anammco Workers Multi-Purpose Co-operative Society (Enugu). The findings can be used by policymakers, researchers, and practitioners interested in promoting the growth and sustainability of co-operative societies as a means of fostering economic development and social inclusion. Further research is recommended to explore the long-term impacts of co-operative societies on the livelihoods of their members and the broader community.

Project Overview

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: