1.1 INTRODUCTION
Co-operative financing agencies are not different from other types of business with respect to efficient management of their funds they are required it’s used fund very carefully and judiciously because their source of funds tends to be limited.
The peculiar limitation imposed by cooperative principles make it very difficult for cooperative to obtain sufficient fund from outside e.g. that interest payment must not exceed a certain percentage.
As a catalyst cooperative financing agency pull together the resources of entire cooperative credit unions and by so doing, mark it possible for credit union to help each other thereby bridging the gap between rich and poor co-operative credit union.

The cooperative credit concept is widely recognized on the means to successful improved the standard of living.
Therefore, through the spirit of cooperative, mutual self help the rich credit union like to lend some of their individual financial strengths to the poor credit union in order to effect imposed credit equipment can the financial strength and mutual protection that unit breads.

When a credit union invests part of the member total serving into the Apex’ through the financing programme.

It lends its lending power to another by making money available for the credit needs of its member’s and to accord financial relief in the sense of the world.
The desire for individual to develop them economically and socially and the desire of cooperative financial agency to become strengthened and provide better services to their member themselves will be achieved through efficient financial management.
There is no better place where members saving could be profitability invested than members themselves.

Therefore financial agency feels that the saving mobilized by the agency it they are to be used most profitability should an a matter of priority be made to circulate with financial agency itself and be fully utilized to up like the living standard of the members to whom there saving belong.
In general no outsiders want to invest his money in cooperative members. Often consider leaving only a minimum amount in cooperative business only to invest the rest of the money in other types of business, which have no dividend restrictions.
This phenomenon is term capital flight and emphasize the need for a very careful and efficient management of means fund available to cooperative financing agencies.

1.2 AIMS AND OBJECTIVES OF THE STUDY
The study aims at highlighting the importance of the financial management is are organization of Kwara State cooperative financial agency.
The study is focused on.
The short out the main source of financial to the agency as well as the management of the fund, the sort out areas of problem in the financing agency to suggest and recommend solution to the management of Kwara State cooperative financing agency limited the existence of sound financial management for cooperatives.
1.3 STATEMENT OF THE PROBLEM
One of the most important problems of the organization is lack of adequate finance to carry out their functions successfully.
It is believed that, availability of fund can yield so good result and contribute to the stability of an organization.

Also lack of enough manpower can lead to laxity in all areas of financial management in an organization.

Frustration of these desires of financial management could lead to collapse of an organization.

So financial management is very important to an organization in such organization is to survive any economic crisis.
In the light of above, this research intends to find out whether this is good and strong financial management which will be supported with interview and it there are laxities in any area, the research intend to sort out what measures to take.

1.4 LIMITATION OF THE STUDY
There are various problems the researcher encountered during the writing of this project the major ones are during this time the 2004 annual report of the organization was available for me of their office.

I laid my hand only on the 2003 annual report.