Title: Impact Of Credit Administration And Financial Control On Cooperative Thrift And Credit Society In Ekiti State
Authors: Adegoke, T. D., Onugu, C. U. & Anigbogu, T. U.
Volume: 9
Issue: 9
Pages: 124-133
Publication Date: 2025/09/28
Abstract:
The study examined the impact of credit administration and financial control among cooperative thrift and credit society in Ekiti State, Nigeria. Specifically, the objectives are; to determine the extent to which credit worthiness influence allocation of credit from Cooperative thrift and credit societies and assess the extent to which loan recovery influence monitoring of credit from Cooperative thrift and credit societies in Ekiti State. Data used for the study were obtained using structural questionnaire administered to 307 respondents who were members of the Cooperative society in Ekiti State University, Ado-Ekiti. A probability sampling technique was employed in selecting the participating members from each of the cooperative society and data was analysed. Descriptive statistics (such as frequencies and percentage) was used to analyse the data generated from the socio-demographic variables. To achieve the stated objectives grand mean analyses was adopted to measure the effect of the variations of the independent variable (credit worthiness and loan recovery) on the dependent variable (financial control of credit thrift cooperative society). Findings reveal that credit worthiness have significant effect on allocation of credit among Cooperative thrift and Credit Societies in Ekiti State and the study also showed that loan recovery positively relate with monitoring of funds in Ekiti State. It is suggested that CTCS should be proactive on loan recovery and monitoring measurements and plans with the aim of reducing loan delinquency among the members.