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CRD303Management Sciences3 Unitsintermediate

Rural Finance

This course equips students with knowledge of financial practices and options available for rural dwellers. It introduces rural finance, covering definitions, savings mobilization, and cooperative financial practices. Topics include cooperative rural finances, rural finances approaches, savings mobilization, rural financial systems, cooperative banking, investment appraisal techniques, and rural financial institutions in Nigeria and abroad. It aims to provide an in-depth understanding of financial systems in rural areas.

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200h

Study Time

13

Weeks

15h

Per Week

intermediate

Math Level

Course Keywords

Rural FinanceCooperative BankingSavings MobilizationFinancial InstitutionsInvestment Appraisal

Course Overview

Everything you need to know about this course

Course Difficulty

Intermediate Level

Builds on foundational knowledge

65%

intermediate

📊

Math Level

Moderate Math

🔬

Learning Type

Hands-on Practice

Course Topics

Key areas covered in this course

1

Rural Financing

2

Cooperative Finance

3

Savings Mobilization

4

Rural Financial Systems

5

Investment Appraisal

6

Microfinance Institutions

Total Topics6 topics

Ready to Start

No specific requirements needed

This course is designed to be accessible to all students. You can start immediately without any prior knowledge or specific preparation.

Assessment Methods

How your progress will be evaluated (3 methods)

assignments

Comprehensive evaluation of course material understanding

Written Assessment

tutor-marked assignments

Comprehensive evaluation of course material understanding

Written Assessment

final examination

Comprehensive evaluation of course material understanding

Written Assessment

Career Opportunities

Explore the career paths this course opens up for you

Microfinance Officer

Apply your skills in this growing field

Loan Officer

Apply your skills in this growing field

Cooperative Manager

Apply your skills in this growing field

Rural Development Officer

Apply your skills in this growing field

Financial Analyst

Apply your skills in this growing field

Industry Applications

Real-world sectors where you can apply your knowledge

AgricultureBankingMicrofinanceRural DevelopmentCooperative Societies

Study Schedule Beta

A structured 13-week journey through the course content

Week

1

Module 1:

2h

Unit 1: Rural Financing

2 study hours

•Understand the concept of finance and its importance in business.
•Define rural area and rural finance.
•Identify characteristics of rural areas and challenges in rural financial service provision.

Week

2

Module 1:

2h

Unit 2: Rural Finance Evolving Paradigms

2 study hours

•Examine the lessons learnt from the old paradigm.
•Understand the new rural finance paradigms and their objectives.
•Differentiate between old and new paradigms in rural finance.

Week

3

Module 1:

2h

Unit 3: Rural Finance Approaches

2 study hours

•Discuss approaches supporting the provision of rural financial services.
•Identify rural financial products.
•Analyze the challenges in providing financial services to rural areas.

Week

4

Module 1:

2h

Unit 4: Rural Financing Historical Overview

2 study hours

•Explain the history of cooperative credit movement and its founders.
•Analyze Schulze Delitzch's urban bank model.
•Describe the large area of cooperation in rural financing.

Week

5

Module 2:

2h

Unit 1: Savings Mobilization

2 study hours

•Ascertain the importance of savings mobilization in rural areas.
•Discuss the mechanisms used in mobilizing savings.
•Understand the concepts of credit (lending) and leasing in rural finance.

Week

6

Module 2:

2h

Unit 2: Objectives of Promoting Rural Finance

2 study hours

•Explain rural financial activities operating outside the formal financial system.
•Enumerate the basic principles for cooperative financing.
•Ascertain the importance of finance in rural cooperative business.

Week

7

Module 2:

2h

Unit 3: Nature of Nigerian Rural Financial System

2 study hours

•Understand the cooperative financial structure.
•Know the structure of the cooperative financial system.
•Discuss ways to access finance using cooperative financial institutions, banks, and insurance.

Week

8

Module 2:

2h

Unit 4: Financing of Cooperatives

2 study hours

•Discuss the sources of finance to cooperatives.
•Enumerate limitations of cooperatives in obtaining funds.
•Analyze internal and external financing options for cooperatives.

Week

9

Module 2:

2h

Unit 5: Time Value of Money

2 study hours

•Discuss the concept of the time value of money.
•Explain the methods used to adjust the impact of time on money.
•Apply time value of money concepts to rural finance scenarios.

Week

10

Module 3:

4h

Unit 1: Discounted Cash Flow Criteria

2 study hours

•Understand discounted cash flow criteria in investment decision making.
•Discuss the practical applications of discounted cash flow methods.
•Apply NPV and IRR methods to evaluate rural investment proposals.

Unit 2 Net Present Value (NPV) Vs Internal Rate of Return (IRR)

2 study hours

•Compare the Net Present Value (NPV) with the Internal Rate of Return (IRR).
•Identify the source of their differences.
•Apply incremental approach to resolve conflicts between NPV and IRR.

Week

11

Module 3:

4h

Unit 3 Cooperative Banks

2 study hours

•Explain the characteristics of cooperative banks.
•Discuss the objectives of cooperative banks.
•Analyze the role of cooperative banks in rural development.

Unit 4 Problems of Loan Repayment in Cooperative Banks

2 study hours

•Ascertain the problems of loan repayment in cooperative banks.
•Proffer advice to the bank and clients on how to minimize default.
•Develop strategies for effective loan recovery in cooperative banks.

Week

12

Module 4:

4h

Unit 5 Cooperative Organizational Structure

2 study hours

•Discuss the cooperative organizational structure.
•Analyze the roles of societies, unions, and apexes in cooperative governance.
•Understand the importance of effective cooperative management.

Unit 1 Cooperative Institutions

2 study hours

•Understand the history and operations of formal financial institutions.
•Analyze the roles of these institutions in rural credit economy.
•Discuss the lending operations of the Bank of Agriculture.

Week

13

Module 4:

4h

Unit 2 Rural Development Programmes In Nigeria

2 study hours

•Learn the objects for establishing rural development initiatives.
•Understand their modes of operation and challenges they faced.
•Analyze the impact of NAPEP and NEEDS on rural development.

Unit 3 Rural Financial Institutions

2 study hours

•Understand formal, semi-formal, and informal financial providers.
•Examine the rotating savings and credit association (rosca).
•List the role of rural financing and ways to stimulate rural savings.

This study schedule is in beta and may not be accurate. Please use it as a guide and consult the course outline for the most accurate information.

Course PDF Material

Read the complete course material as provided by NOUN.

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Study Tips & Exam Preparation

Expert tips to help you succeed in this course

1

Create concept maps linking Modules 1-2 on rural finance paradigms and approaches.

2

Practice calculating NPV and IRR for different investment scenarios from Modules 3-4.

3

Review case studies of successful and unsuccessful rural finance initiatives.

4

Focus on understanding the structure and functions of cooperative banks.

5

Prepare detailed notes on the challenges of loan repayment in cooperative settings.

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