BANKING HABITS IN RURAL COMMUNITIES
CHAPTER ONE
Introduction
1.1 Background Of The Study
The term banking embraces all the activities of a bank which engages in any of the following functions such as receiving investing lending exchanging serving of money and clams in other domestic and international transaction.
The tendency to act in a certain way o manner customary relating to banking transaction is referred to as banking habits relative to this definition one easily understand that what is being referred to as transaction or informal banking institution because they perform the function of modern banking institution though in an unrefined form.
A rural community is a conglomeration or amalgamation of serve villages in this country majority of our people live in the rural communities.
Farming is the major activity and as such agriculture is their main sources of income other rural activities are trading food processing wearing tolls fabrication and poverty. These activities provide substantial amount of income for the rural population. Establishment of institutional infrastructure like banks in such areas will ought to cater for their financial needs by mobilizing their resources into savings and extended credits for rural dwellers there by fostering their productive capacity. But a great number of rural dwellers do not use banking facilities for a number of reasons including the existence of informal banking institution.
These informal banking institutions like their urban counter parts engage to a large extent in financial interpretation some of the informal institutions includes Age grade, Town union local money lenders family funds and married women association. The peculiar reasons which endeared the rural dwellers to informal banking institutions and ways of fostering enhancing and indicating modern banking habits in our rural communities.
1.2 Statement Of Problem
After a careful analysis of answer form the respondents the researcher discovered that the major problem militating against rural communities are as follows:
- Lack of modern facilities like computer institution.
- Lack of staff commitment
- Inadequate staff training for this purpose
- Unorganized internal structure of the bank
Another problem of banking in rural communities is absence of adequate collateral security by borrower or customers collateral is some things that the bank is willing to hold against the loan it gives to its customers. The banking system has not been able to operate effectively particularly in the area of economic development because of the inadequacy of organized and developed stocks and securities markets like the stock exchange.
Also another problem of banking in Nigeria is the mass illiteracy of the people particularly in the rural areas of the country. The localization of most of our banks in the cities constitutes a problem of its own because the illiterates in our rural areas will prefer to hoard or keep their money in their houses than going to the bank to deposit them. just for the obvious reason of not spending money in going to the bank to with draw or deposit money for one may not like to spend N50 for transport in going to the bank to withdraw or deposit N100.
1.3 Objective Of The Study
- To foster the activities of banking especially in the rural areas.
- To critically examine the operations of informal banking institutions with the view to finding its short comings and influence upon the rural dweller and also finding a possible solution to its short coming
- To identify the reasons responsible for the continued existence of informal banking institutions.
- To also identify the reason why modern people or dwellers.
- Finally to make recommendations aimed at fostering improving and enhancing services of informal banking in our rural communities.
1.4 Significance Of The Study
This very research work will be of paramount important to rural bankers in particularly and other interest group at large whether corporate or individuals.
- The rural dweller makes greater use of the service rendered by informal banking institutions.
- The informal banking institutions have survived because of some unique services they render to the rural dwellers.
- The informal banking institution have existed because of cultural elements in traditional society.
1.5 Definition Of Terms
Some of the words used are defined below:
Banking:
This is the activities of the bank which engages the functions of receiving investing lending exchanging servicing money and claims in domestic and international transaction..
Banking habits:
This is the tendency to act in a certain way or manner customary or relative to banking transactions.
Rural community:
Is a conglomeration or amalgamation of serve villages. They can also be called primitive society
CHAPTER TWO
2.0 Literature Review
2.1 Introduction
The review of relevant literature is the main topic of this chapter. A literature review covers theoretical and methodological contributions to a certain issue in addition to the state of knowledge at the time of writing. It provides information about the state of the art in relation to the subject you are writing about. It examines the body of work on the chosen subject. The literature evaluation in this study comprises the …
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TABLE OF CONTENTSPRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Banking Habits in Rural Communities" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
PRELIMINARY PAGES
- Title page
- Approval page
- Dedication
- Acknowledgement
- Table of Contents
- Abstract
INTRODUCTION
- 1.1 Background …
- ⋮
LITERATURE REVIEW
- 2.1 Introduction
- 2.2 Conceptual Review
- 2.3 Theoretical Framework
- ⋮
- 2.4 Empirical Studies
- 2.5 Research Gaps
- 2.6 Summary of Literature Review
CHAPTER THREE
RESEARCH METHODOLOGY
- 3.1 Introduction
- 3.2 Research Design
- 3.3 Population of Study
- 3.4 Sampling and Sampling Technique
- 3.5 Validation of Research Instrument
- 3.6 Method of Data Collection
- 3.7 Method of Data Analysis
- 3.8 Questionnaire Administration
- 3.9 Ethical Consideration
- 3.10 Statistical Analysis
CHAPTER FOUR
DATA ANALYSIS, RESULT AND DISCUSSION
- 4.1 Introduction
- 4.2 Presentation and Analysis of Data
- 4.3 Re-statement of Research Questions
- 4.4 Test of Hypotheses
- 4.5 Discussion of Findings
CHAPTER FIVE
SUMMARY, CONCLUSION AND RECOMMENDATION
- 5.1 Introduction
- 5.2 Summary of Findings
- 5.3 Conclusion
- 5.4 Recommendation
- 5.5 Suggestion for Further Study
REFERENCES
APPENDIX A - “QUESTIONNAIRE”
Disclaimer for Complete Material Utilization
The displayed research work titled "Banking Habits in Rural Communities" is stated as a research guideline towards accomplishing your assigned project / seminar research work. All the research materials on this website are ONLY for research purposes and should be used as a guideline in developing your research work. For no reason should you copy word for word as projectlist.com.ng will not be liable for any who copied the material. By ordering the complete research guideline, it signifies that you've accepted our terms of service.
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