IMPACT OF COOPERATIVE MANAGEMENT ON MEMBERS’ PARTICIPATION AND FINANCIAL SUSTAINABILITY IN EKITI STATE, NIGERIA

Abstract

The study investigated the Impact of cooperative management on members’ participation and financial sustainability in Ekiti state, Nigeria. Specifically, it examines the level of member participation and involvement in cooperative activity and the relationship between cooperative management practices and financial sustainability of members. The study employed descriptive and inferential statistics. The respondents’ demography variables and responses were analyzed with the aid of frequency tables and percentages. 150 questionnaires were distributed and 146 retrieved from the respondents. The responses were analysed and the results revealed a positive and significant (0.268284) relationship between Cooperative Management (CPM) and Members’ Participation and Involvement (MPI), and a positive and significant (0.835305) relationship with Members’ Financial Sustainability (MFS) in Ekiti State. The study recommended that the cooperative societies should encourage savings among their members, make more credit facilities, in large volume, available to their members and provide an easy repayment platform for the members to prevent default.