Cooperative Thrift And Credit Society System (CTCSS)

Computer Science Project Material with Source Code Included

Computer Science Project Material with Source Code Included


This project work aimed at developing a Cooperative Thrift and Credit Society System (CTCSS) for Cooperative Societies. A preliminary investigation of the existing manual system was carried out and a web-based software was designed and developed. We made use of the C# programming language pronounced as C sharp on the ASP .NET platform in visual studio integrated development environment (IDE) and Microsoft SQL Server was used for the database to implement the software. This brought to live, a system that can be used to solve problems and ease management for cooperative societies.

Chapter One


1.1 Background of the Study

The thrift and credit co-operative is the earliest of co-operatives to have been formed worldwide including Nigeria (Godly & Wilfred, 2011). Before the advent of the modern co-operative thrift and credit society which began in England in 1844 during the industrial revolution when workers all over Europe lived in great misery there has been traditional contribution societies in Nigeria. They were variously named by the people, The Yorubas called it “Ajo”, Hausas called it “Adashi” while the Igbos called it “Isusu”s (Oseni, Ogunniyi, & Sanni, 2012). Co-operatives are open without social, political, religious and gender discrimination to all persons able to use their services and willing to accept the responsibilities of membership and membership in co-operative is voluntary (Yebisi, 2014). It is a business voluntarily organized, operating at cost which is owned, capitalized and controlled by member patron as users, sharing risks and benefits proportional to their participation (Kareem, Arigbabu, Akintaro, & Badmus, 2012).

In a society where loan acquisition is difficult and individuals are hardly able to meet the requirement of the financial institutions to obtain loan, cooperative helps their members enhance their business operations by providing loans to them at low interest rate, giving them access to credit facilities, extension and advisory services, providing them infrastructure for carrying out business activities and helps the members to save in order to raise enough capital for starting and expanding their businesses. Through the savings, there will be capital accumulation heading to investment, hence economic growth and ultimate enhancement of members business. By their nature, cooperative organization serves as an effective community development vehicle used in building economic self-reliance and civil society by creating opportunities like small business, building family homes and educating their children (Muhammad, 2014). Cooperative are formed to meet peoples’ mutual need. Based on the powerful idea that together, a group of people can achieve goals that none of them could achieve alone (Dogarawa, 2005).

1.2 Statement of the Problem

Cooperative development is hindered by some factors which results to poor development of the society in the economic growth of the country, these factors resulted in poor management of the enterprise because of the personnel involved in the project. The poor managerial skill and lack of knowledge leads to the stunt growth of the development of cooperative societies. Also the problem of cooperative development is as a result of dishonesty among the leadership, many cases involving embezzlement of fund among cooperative practitioners due to irregularities in the account statement of the cooperative society thus affects the development of cooperative societies. Also, the time it takes to process and validate information and other activities involved in the CTCS is a major challenge of the society. Therefore this study aim to analyze, design and develop a robust cooperative thrift and credit society application for managing the operations of CTCS and to find out the extent to which an automated CTCS can help to alleviate the problems that are associated with the manual system of managing a CTCS.

1.3 Aim and Objectives

The aim of this study is to develop a cooperative thrift and credit society application for managing the operations of the CTCS by designing a web portal with the following objectives in mind. Credit Society System

  1. Develop an online membership registration for CTCS.
  2. Develop a comprehensive loan application and approval as well as management of cooperative loan.
  3. Establish robust cooperative investment and dividend platform for the benefit of members. Credit Society System

1.4 Significance of the Study

The proposed system will give room for a fast effective and reliable information processing, high level accuracy in the financial dealings of the cooperative society such as loan application and disbursement of funds, cooperative investment and dividend sharing. Effective and prompt accessibility to members without delay, through this, members will have access to information such as new policies, regulations and meetings via Short Message Service (SMS) notifications and Electronic Mail (e-mail) alerts. Effective and prompt cooperative society information management. Cooperative Thrift, Credit Society System

1.5 Scope and Limitation of Study

The scope of the study covers the automation of the operations of a cooperative thrift and credit society such as online registration, online loan application, special target savings, dividend sharing, savings withdrawal application, membership withdrawal application with SMS alert and email notification to members but the proposed system will not be connected to an actual payroll system and online payment by members will not be implemented i.e the electronic means of payment.

Chapter Five

Summary, Recommendation and Conclusion

5.1 Summary

The Cooperative Thrift and Credit Society System (CTCSS) is an automated system geared towards solving problems of cooperative societies, it does this by easing the tedious work that goes with the traditional (manual) file processing and administration. These tasks include but not limited to membership registration, user account verification, authentication and validation, keeping record of financial transactions and other dealings of cooperative societies. The software is designed to enhance productivity and efficiency in management and user satisfaction in the cooperative societies. The system has passed both unit and integration tests and is ready for deployment to any cooperative society. Unit testing was carried out using random sample data, this involved testing each and every system module and its functionality, this test was successful. When integrating each system module, another test was carried out and the system has passed with minimal error.

5.2 Recommendation

Considering the proliferation of the cooperative societies today, the CTCSS will be a perfect tool for the smooth pilot of affairs in various cooperative societies. In light of that, I strongly recommend CTCSS for the management of affairs in cooperative societies. I also recommend that further research should be done on the topic in order to advance on the system we created either on the platform we used or on any other platform.

5.3 Conclusion

This project work was targeted at developing a web-based management system for cooperative societies, we believe we have achieved our goal by providing the system with the following functionalities:

  1. Creation of membership registration platform where user and the admin approves the registration.
  2. Provision of loan application form for the members and the admin approval capability.
  3. Provision of loan management platform.
  4. Creation of dividend sharing platform.
  5. Provision of cooperative investment platform.
  6. Provision of E-mail and SMS notification alert to both the admin and members.

Putting the above functionalities in a single system goes a long way in making life easier for cooperative societies.

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