The Development of Credit Associations in the Changing Economy of the Afikpo IGBO

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Abstract
Opening ParagraphOne problem in the rural areas of developing countries is the question of securing new sources of capital as the economy moves from a traditional agrarian system to a more fluid and flexible economic condition. New capital resources seem necessary to ensure this flexibility, to satisfy the needs of individuals in a world where economic achievement is highly stressed whatever its role in the more traditional society. Yet in the absence of banking facilities, or of government-sponsored loan organizations, the sources of funds for expanded or new economic endeavours must arise from the activities of the entrepreneurs themselves.

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