PERCEIVED IMPACT OF CREDIT AND INVESTMENT COOPERATIVE SOCIETIES ON COMMUNITY DEVELOPMENT IN ANAMBRA STATE: IMPLICATIONS FOR SOCIETAL DEVELOPMENT

Authors

  • Precious Mmesoma Umennabuike Department of Business Education Faculty of Technology and Vocational Education Nnamdi Azikiwe University, Awka Author
  • Nebechi Fransisca Nnajiofor Department of Industrial Technology Education Faculty of Vocational and Technology Education Nnamdi Azikiwe University, Awka Author

Keywords:

Credit Cooperatives, Community Development, Poverty Alleviation, and Leadership Development

Abstract

The study examined the impact of credit and investment cooperative societies on community development in Anambra State, Nigeria. The study was guided by three research questions. The study adopted a descriptive survey design. The population comprised 835 members of credit and investment cooperatives in Anambra State, with a sample of 418 members selected through proportionate random sampling. Data was collected using a 30-item questionnaire, validated by three experts and tested for reliability using Cronbach's alpha with coefficients values of 0.77 and 0.79 respectively. Mean and standard deviation were the statistical tools adopted for data analysis. Findings of the study revealed limited contributions to poverty alleviation, employment generation, government services, leadership development, education and self-help motivation.  This study concludes that credit and investment cooperative societies in Anambra State have made limited contributions to community development. The study recommendations include diversifying income-generating activities and providing vocational training to enhance members' employability and entrepreneurship skills

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Published

2026-05-19

Issue

Vol. 2 No. 1 (2026): UNIZIK JOURNAL OF BUSINESS EDUCATION AND ENTREPRENEURSHIP

Section

Articles