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- W2261982870 abstract "University staff formed cooperative groups by pooling their resources with the goal of improving their living standard. This research investigated the impact of membership of a cooperative society on the socioeconomic status of workers of the Obafemi Awolowo University (OAU), Ile - Ife, Nigeria. Specifically, the study examined years and level of participation of members; and investigated the savings and multiple of savings taken as loans. A questionnaire was administered to 56 members randomly selected from each of five registered cooperative societies in the institution. The findings show that 55.7% of the respondents had spent over 20 years in service, 72.9% participated as cooperative members for up to 20 years, almost 48% were ordinary members, and 69.6% earned up to N20,000 monthly. About 68% saved up to N10,000 monthly, 70% saved for a period of 12 months before taking a loan, 82.1% received three times their asset as loan and 53.6% repaid the loan taken within 18months. The range of possessions of members significantly increased (F = 13.648) after joining cooperative societies. This study points to the benefits of participation in cooperative societies in order to maintain and enhance socioeconomic status." @default.
- W2261982870 created "2016-06-24" @default.
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- W2261982870 date "2013-01-01" @default.
- W2261982870 modified "2023-09-23" @default.
- W2261982870 title "The impact of cooperative societies on the socioeconomic status of the Obafemi Awolowo University staff" @default.
- W2261982870 hasPublicationYear "2013" @default.
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