Loan Accessibility and Promotion of Entrepreneurial Capacity of Cooperative Societies in Federal College of Agriculture, Ebonyi State

Abstract

The study investigated the influence of loan accessibility on the promotion of cooperative
entrepreneurship among members of cooperative societies in Federal College of Agriculture,
Ishiagu, Ebonyi State, Nigeria. Survey research design was adopted with the aid of structured
questionnaire to elicit useful information relevant to the research from the sampled 281
respondents. Results from the findings revealed that the major determinants of loans
accessibility among members of the cooperative societies in Federal College of Agriculture
Ishiagu by cooperative members and activities that promote entrepreneurship had significant
influence on the promotion of cooperative entrepreneurship among members of the cooperative
societies in the study area. The study concluded that determinants of loan accessibility and
activities that promote entrepreneurship had significantly influenced the promotion of
cooperative entrepreneurship. Recommendations were made that; the cooperative societies
should improve the flexibility of the determinants of members' access to obtain loans from the
respective Cooperative societies in order to encourage members to forego borrowing from other
financial institutions with stringent lending conditions. Cooperative members should be educated
about entrepreneurial programs organized by public and private individuals that foster
Cooperative-Entrepreneurial mind sets in individuals, and they should also be encouraged to
participate in those activities on a regular basis.

Keywords: Loan Accessibility, Entrepreneurship, Cooperative Entrepreneurship,Promotion of
Entrepreneurial Capacity, Cooperative Societies