Effect of Type and Participation on Cooperative Financial Performance in Orumba South L.G.A of Anambra State

Abstract

This study sought to assess the effect of type and participation on cooperative financial performance in Orumba South L.G.A of Anambra State. The specific objectives are to; identify the types of cooperatives in Orumba South L.G.A., Evaluate the relationship between type of cooperatives and cooperative financial performance, to estimate the relationship between member participation and cooperative financial performance. The descriptive survey design was adopted for the study. The sample size of 318 was determined using Taro Yamani formula. The simple random sampling technique was adopted in questionnaire distribution. The data collected was analysed using simple descriptive statistics such as averages, percentages and frequency counts. Pearson moment correlation was used. Also tabular analysis was extensively employed to present data and make comparisons of data. Findings revealed that cooperative types and participation of members are factors that contribute to the cooperative societies’ financial performance. Cooperative types and cooperatives financial performance measured by their gross margin had Pearson correlation value 0.141, r = 0.141. Also, members’ participation and cooperatives financial performance measured by their gross margin had Pearson correlation value -0.173, r = -0.173. The result therefore, confirmed the hypothesis developed as it shows that there is a relationship between the variables. Although, these two variables are not considered as the major variables affecting the cooperatives’ financial performance as the results indicated weak positive and negative relationship between the variables.