FACTORS AFFECTING PERFORMANCE OF SAVINGS AND CREDIT COOPERATIVE SOCIETIES(1).docx - FACTORS AFFECTING PERFORMANCE OF SAVINGS AND CREDIT COOPERATIVE

FACTORS AFFECTING PERFORMANCE OF SAVINGS AND CREDIT COOPERATIVE SOCIETIES(1).docx

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FACTORS AFFECTING PERFORMANCE OF SAVINGS AND CREDIT COOPERATIVE SOCIETIES: A CASE STUDY OF NYERI TEACHERS SACCO Veronica. W. Mwangi A research project report submitted to the department of economics in the School of Business in partial fulfillment for the degree of Bachelor of Science in Economics in Jomo Kenyatta University of Agriculture and Technology. 2018
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DECLARATION This research project report is my original work and has not been presented for a degree in any other university. Signature……………………………………… Date……………………… Veronica. W. Mwangi HDB221-5136/2015 This research project report has been submitted for examination with my approval as university Supervisor Signature……………………………………… Date……………………… Mr. Opuodho JKUAT Lecturer 2
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AKNOWLEDGEMENT Our sincere acknowledgement goes to all that have made it possible for this Research Proposal to be a success. Special thanks to my Almighty God for the gift of life and good health, to our supervisor, Mr. Opuodho for valuable guidance throughout the Proposal development. Equally I also acknowledge the efforts of all lecturers who taught us 3
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DEDICATION The research project is dedicated to my parents, my lecturers for all the time and money they have spent in striving for our success. 4
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ABSTRACT The SACCO movement as for a long time performed below the members expectations thereby causing dissatisfaction among most of their members. Major policy reforms have been witnessed in these societies, which have greatly impacted on the management of the SACCOs. In addition, due to stiff competition from commercial banks, the SACCOs have embraced innovative and creative measures through product and services diversification to retain and attract more members. However, the government and various stakeholders have raised concerns over the performance of the SACCOs. The previous research studies showed that standardized tools for measuring performance are not available but some critical factors can be analyzed to give an indication of performance. The key movers of SACCO Financial Performance and growth include; Governance, education and training, market risks and membership base. This research study envisage examining the Nyeri Teachers SACCO for the effects of these factors on its financial performance. The broad objective of the study is to investigate the effects management variables on SACCO’s performance in the Nyeri Teachers’ SACCO. Descriptive research design will be used in this study. Since the population is not homogeneous, stratified random sampling design will be used as a technique to draw a sample from the sampling frame. The total population will be stratified into the SACCO members, management committee members and staff sub-samples. Questionnaires will be used as data collection instruments and the data will be analyzed using the SPSS. The results show that governance has enormous effects on the performance of the SACCO. Further, the results also indicate that the aspects of education and
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