CHAPTER ONE
INTRODUCTION
An alternative form of marketing organization for entrepreneurs and trading company in which has played a major role in most of local areas in Nigeria involving Ejigbo and it environment in the co-operative societies.
    Co-operative societies have played a vita role on the economic development and upliftment of people in rural communities due to the fact that society regarded it as heir economics saviors. co-operative has a basic survival value; the is because it constitutes a vital aspect of both individual and group behaviour. The individual co-operative with each other as a means of survival and security
More so, individual group relationship on only be achieved through working together otherwise referred to as the spirit of togetherness.
    In a general sense, co-operation is not new phenomenon, parents and children cooperate, tenants and lord co-operation, teacher and pupils cooperate in communities and states in other to achieve their aims, objectives, using mission and aspiration
In a specific sense, co-operative society refers to association of people coming together for their economic boost and social interest of their members.
Acquiring of shares in viable going concerns
    Establishment of viable projects, for instance, setting up of industries, catering services and consumers shop aims towards bringing grassroots people closer to the government. according to international labour in a book titled co-operative management and administration published in gebeva, 1968.
“The modern co-operative institution originate among the common people and still remains a mechanization for defense, betterment and emancipation to combat the condition brought about by he evolution of the market economy industrial reduction in the early nineteenth century”
1.1    STATEMENT OF THE PROBLEM
This project is designed to highlight the impact of co-operative societies on economic development of rural community.
The main purpose of this research study is to investigate he need for a formation of co-operative societies as only source of securing economic development of a rural community with a particular reference to Ejigbo Karowoseye co-operative finance and credit union limited, ejigbo.
Henceforth, one cannot but mention the factor that have hampered their firm achieving their main objectives rendering the needful services to its members.
Therefore, the problems are stated as follows:
i.    Evaluating the impacts of education provided for members
ii.    Difficulty in collecting members dues
iii.    Poor methods of retrieving loans back
1.2    objective of the study
One of the most important objectives of any organization is community in business in business in this regard an adequate reaction of four to be learnt on member for necessary of production purpose be made available from time to time. This research work also has the following objective
1.    to clarify likely problems facing cooperative securities
2.    to commend the possible solution to the problem associated to cooperative
3.    to serve as guide for other cooperative in implementation of their policies and programmes
4.    to improve the proper administration or management in formation implementation and execution of strategies needed
1.3    The research work is narnomed to the course study in references to Ejigbo co-operative finances and credit union ltd Ejigbo Osun state
      This emphasis on a relevant concept in relationship to the case study.
1.4    LIMITATION OF THE STUDY
The main limitation of the study included the following
1.    Lack of fund: - lack of fund can easily affect any cooperative societies upgrading and affect their good and service. Money is very essential in any cooperative structure it help the groups to growth move forwards.
2.     Lack of banks in cooperative societies:-This simply tells the distance to the particular cooperative societies every cooperative societies should locate in place where individual member will able to attend. Locate in place where individual member will able to attend. When it is far. It can cause lowest term out of the number. It can calls cost the entire member lost of transportation
3.    lack of adequate materials:- 
Material is very essential in any co-operative society.
Every cooperative organization must set up many materials for individual member. Material in essence is one of key roles that make cooperative to wax stronger. Material is one of concept in cooperative societies it helps the member to access to their upbringing.
So in any organization like this there should more adequate of materials.