CHAPTER ONE
1.1    INTRODUCTION
    Co-operative financing agencies are not different from other types of business with respect to efficient management of other funds they requires its used fund very carefully and judiciously because their source of funds tend to be limited.
    The peculiar limitation imposed by co-operative principles mark it very difficult for cooperative to obtain sufficient fund from outside. E.g. That interest payment must not exceed a certain percentage.
    As a catalyst cooperative financing agency pull together the resources of entire cooperative credit union and by so doing make it possible for credit union to help each other there by bridging the gap between rich and poor cooperative credit union. The cooperative credit concept is widely recognized on the only means to successful improved the standard of living.
    Therefore, through the sprit of cooperative mutual self help the rich credit union like to tend some of their individual financial strengths to the poor credit union in the order to effect imposed credit equipment can be financial strength and mutual protection that unit breads.
    When a credit union invest part of the member total serving into the apex through the financing programme. It lend its leading power to another by making money available for the credit needs of its members and to accord financial relief in the desire of the world.
    The desire for individual to develop them
1.2    AIMS AND OBJECTIVE OF THE STUDY
    The study aims at highlight the important of the financial management in an organization using Kwara state cooperative financial agency as a case study.
THE STUDY FOCUSED ON: The short out the main source of finance to the agency as well as the management of funds the short out areas of problem in the financing agency to suggest and recommend solution to the management of Kwara state co-operative financing agency limited the existed of sound financial management for co-operatives.
1.3    STATEMENT OF THE PROBLEM
    On of the most important problem of the organization is lack of adequate finance to carry out their function successfully.
    It is believed that availability of fund can yield so good result and contributed to stability of an organization also lack of financial management in an organization also lack of enough manpower can leads to laxity in all areas of financial management in an organization frustration of these desire of financial management could lead to collapse of an organization, if such organization is to survive any economic crisis.
    In the light of above this research intend to find out whether this good and strong financial management which will be supported with interview and it. There are lanuties in any areas, the research intend to sort out what measure to take.
    Economically and the desire of cooperative financing agency to become strengthen and provide better services to their member themselves will be used achieved through efficient financial management.
    There is better place where members saving could be profitability invested than member them selves. Therefore financial agency, if they are to be used most profitability should and an a matter of priority be made to circulated with financial agency itself and be fully civilized to up like living standard of the members to whom there saving belong.
    In general no outsider will want to invest his money in a cooperative member. Often consider leaving only a minimum amount in cooperative business cenly to invest the rest of the money in other types of business, which have no in dividend restrictions.
    The phenomenon is term capital flight and emphasized the need for a very careful and efficient management of means fund available to cooperative financing agencies.
1.4    LIMITATION OF THE STUDY
There are various problem that the researcher encounter during. The writing of the project, the major areas are during the time of the 2009 annual report of the organization was available for me. I laid my hand on the 2009 annual report.
a.    Source of information: Before any organization is undertaken any information it must be communicated to all who may be affected by the organization their willing cooperation should be solicited and obtained through education as to the value of the organization. The need of organization has to be emphasized failure to do this could lead to organization affected.
b.    Financial problem: if an organization encounter financial problem i.e. affect an employees skill and productivity if it is a piece value job. The employee stand to sustain financial loss view technology is know to have rendered certain skill obsolete. The introduction of data processing machine and mini computer has reduce the number of accountant heed in large corporation
c.    Time: Timing in an organization its success of failure. There are times when people are mentally prepared. Also coat they will rationalize in an organization that is losing money or where there is constant loss in production due to matching breakdown, accident or reject.