Impact Of Community Banking On Rural Development

Impact Of Community Banking On Rural Development

Abstract

This study deals with the impact of community banking on pastoral development.

In recent history, our pastoral residers have been chancing it veritably delicate to save their plutocrat and other valuables in the marketable banks in civic area. This is because of the long process involved in opening a savings regard and also distance in moving from where they’re living to an civic position of marketable banks.

This exploration work is presented in five chapters.

The first chapter started the problems which are to be rated, the reasons for studying this work and those who’ll profit from this work. Applicable theoretical and empirical literature, which relate to present study were reviewed in chapter three. Chapter four deals with donation analysis and interpretation of data. The last chapter that’s chapter five deals with the summary of the exploration findings, conclusion and recommendations.

Since the preface of community banks, this problem has been answered especially for our pastoral residers. They now find it easy to open up savings and current account in these community banks rather than keeping the plutocrat under their beds or loosing them to termites or ants.

Chapter One

Preface

Statement Of The Problem And Objects Of The Study

The part of banks in the process of profitable development of Nigeria just like other nations of the world is veritably enormous. It mobilizes finances from the fat spending unit in the frugality, and lends similar finances to the spending unit for investment.

Suffices this to say that setting of banks in pastoral areas as else named the community banks is a tool towards achieved profitable growth, like hospitals, good roads companies request seminaries employment and husbandry. Hence the problem of this study is to estimate the impact of established community banks on the establishing of agrarian programmes and employment of pastoral residers. It’s also aimed at exploring the weakness of some areas at exploring the weakness of some areas in the perpetration of the programme.

Reasons Of The Study

The main reason for the study is to estimate the performance of the established community banks with a view to pressing its effectiveness, arousing banking interest among pastoral residers. This study is important in the sense that it brings development to the pastoral areas in so numerous ways. The community banks help to educate the original communities the need or significance of banking services.

It’s also encourage the original community to save that’s to accumulate capital for small- scale investment, give the banking needs for the original request women, growers and petty dealers.

likewise, community banks helps the pastoral people in depositing of plutocrat in the banks, through the community banks the pastoral people can gain short- term loans for profitable conditioning. Without these loans the pastoral people and the businessmen will find it delicate to finance their business.

Through the development of community banks, long and medium term loans can also be attained for development purposes by businessmen.