A Critical Review Of The Role Of Community Banking In Rural Development

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A CRITICAL REVIEW OF THE ROLE OF COMMUNITY BANKING IN RURAL DEVELOPMENT

ABSTRACT

This research work scrutinized the roles of community banks in rural development is very essential to complete with other parts of the world.

Particularly those from industrial countries who are already in the rural development and have easy access to various type of community bank in rural development.

To be able to complete effectively with such rural development, Nigeria community banks must be willing to offer attracter terms.

The federal government has and is still working hard to encourage the development of community banking in rural areas. A good step towards this is the promulation of roles of community bank in rural development incentives and miscellonloans provision decree 46, which came up with numerous incentive to community bank in rural development.

More also is the inauguration of community bank in rural development. In a nutshell its pertinent to note that roles of community ban k in rural development is a great important towards economics development in rural areas.

Therefore all hands must be on desk to salvage our community from the hindrance or obstacles of community banks, so as to put our economy in to a better position.

 

 

 

TABLE OF CONTENTS

Title page                                                                                ii

Approval page                                                                        iii

Dedication                                                                               iv

Acknowledgement                                                                             v

Abstract                                                                                   vii

Table of content                                                                      viii

CHAPTER ONE

1.1            Statement of problem                                                    1

1.2            Rationale of study                                                                   2

1.3            Significance of study                                                      3

1.4            Definition of terms                                                         4

CHAPTER TWO        

2.1            Literature review                                                            6

CHAPTER THREE    

3.1            Statement of hypothesis and methodology of study      13

3.2            Method of study                                                            14

3.3            Method of data collection                                              14

3.4            Sources of data                                                              16

CHAPTER FOUR

4.1                      Presentation of data                                                       18

4.2                 Analysis of data                                                                 21

CHAPTER FIVE                  

5.1     Summary                                                                       25

5.2            Conclusion                                                                     26

5.3            Suggestion                                                                     27

Bibliography                                                                  30

 

CHAPTER ONE

 

1.1            STATEMENT OF PROBLEM

The bank is structure to accommodate every community member including indulging, organization and non-indigenes.

A community bank is a self sustaining financial institution owned and managed by the community or group of people (age grades) in that community for credit worthiness.

I want to investigate how for the community banks have played the roles expected of them in rural development these roles include to:-

a)                 Provide financial and banking services to rural dwellers.

b)                To serve as security to the rural dwellers operate equipment leasing facilities, supervises credit schemes for groups

c)                 Assist clients in marketing agricultural rural industries and other products.

I also want to investigate some of the problems facing these community banks in the performance of the roles:-

a.                 Reckless lending / spending inability to market banking service

b.                 Poor capital base has stagnated the progress of many community banks.

c.                  Staffing

d.                 Political

 

1.2            RATIONALE OF STUDY

A student of the nature must be purposive otherwise it will mean that the researcher has labour in vain.

The study, therefore are

1)                The rapid development of production activities in the rural areas and hence the development of the economic status of both the rural people and the rural areas.

2)                The promotion of rural development by providing financial and banking services to communities madunately supplied with such services.

3)                The fostering of community ownership and use of economic asset. Etc.

4)                The inculcation of discipline banking habits among the masses of low income workers in Nigeria, especially thodre in the rural areas.

 

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