Community Banks And Economics Development Of Anambra State, Problems And Prospect. [a Case Study Of Umudioka Community Bank Nig. Ltd Anabra State]

INTRODUTION1. BLACKGROUND OF THE STUDYConcerted efforts were m ad for many years to involve sub- urban and rural people in Nigeria in modern banking practices. Apart from encouraging the establishment of commercial banks, merchant banks, specialized development bank were created focusing or mortgagesAgriculture, savings, co- operatives and other specific areas. Beyond this, rural branches were mandatory for the commercial bank so that the interest of the rural people could be catered for. Inspite of  these efforts, the rural  people could not fit into conventional banking system as t…