THE ROLE OF COOPERATIVE SOCIETIES IN THE DEVELOPMENT OF SMALL SCALE BUSINESS IN NIGERIA

Co-operative society is a very important business Organization which pec solemnly join for their economic interest. It is formed in order to improve economic and social well being of members. As the definition implies that, it is working together of ten or more person to boost their economic interest, this act: may be formal, legal or legal economic or non-economic permanent . ( operative assists member to boost their business though financial, loan. grant. visors e.t c. Members who want to benefit from society must have to contribute financially in the Society. This paper discussed various definition of cooperative society has been defined and bereaved by different author among which & definition given by it. Clevart 1966: 4) as a firm of organization where persons volunteered associated together as human being on the basic of equip liar the promotion of economic interest of themselves, so another definition k Chinweoke, F.E. (2002) where he define co-operative society as an association ( persons usually of limited means, have voluntarily joined together to achieve common economic and through the formation of democratically control business organization, making value contribution to the capital required and accepting a fair share of the risks and benefits of their undertaking. In addition, the important of small-scale business such as the promotion of nation wide industrial, development they generate employment opportunity etc were also considered. The role of co-operative society in the development of small-scale business were also exposed in the thesis the role which among other are its dependable source of securing loan or the i° of expansion of small-scale business another one is when it is highly industrialized of will lead to high productivity. This paper also talks about the types of co-operative society, the types such as consumer, producer, thrift and marketing. cooperative society's etc The characteristics of co-operative society were also taken note of1 such characteristics as free association of person and service rather capital Non-profit making organization e t c. Moreover, the methodology for the data collection for his paper is discussed on this write up the researcher, used Primary and secondary data collection information The presentation and analysis of data pleated were taking care off In the project to presentation and analysis of data ere presented in tabular form and were conclusion. Since cooperative society pals the development of' small-scale business in the country, so also it be