EFFECT OF COHESION ON LOAN REPAYMENT IN FARMERS’ COOPERATIVE SOCIETIES IN DELTA STATE, NIGERIA
Abstract
This study was carried out in Delta State to assess the effect of cohesion of farmers’ cooperative societies on loan repayment among members in Delta State. The members subscribed to their respective cooperative societies in order to easily access credit, extension service and inputs at cheap price. Other reasons were for direct marketing of produce; price determination and exchange of ideas/experiences. The members were generally highly satisfied with loan repayment rate of members. The various farmers’ cooperative societies were highly cohesive generally. The various cooperative societies were highly satisfied with their respective management. The members of the cooperative societies were committed, attracted to the cooperatives and involved in the groups’ activities. Their individual and group goals were being met and still want to be members of their respective cooperative society. An almost perfect positive relationship between rate of loan repayment perception and cohesion. It is therefore recommended that extension agents should take advantage of the effect of cohesion on loan repayment to promote cohesion in up coming cooperative societies; executives of cooperative societies should encourage cohesion; and extension training for cooperative societies’ executives should include group issues.
The papers published in the journal are licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License, which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.
Open Access Journal: The journal allow the author(s) to retain publishing rights without restrictions. Authors are allowed to read, download, copy, distribute, print, search, or link to the full texts of the articles, or use them for any other lawful purpose, without asking prior permission from the publisher or the author.
Authors who publish with this journal agree to the following terms:
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under the Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).