EFFECT OF ASSET PERFORMANCE MANAGEMENT ON PROFITABILITY OF DEPOSIT TAKING SACCOS IN CHUKA IGAMBANG’OMBE CONSTITUENCY, THARAKA NITHI COUNTY A Research Project Submitted to the Department of Managerial Sciences in Partial Fulfillment of the Requirement for the Award of a Degree in Bachelor of Cooperative Management of Chuka University. CHUKA UNIVERSITY APRIL, 2019
DECLARATION AND RECOMMENDATION Declaration This research project is our original work and it has not been submitted for any award in any institution of higher learning or for any academic purpose. JEANNETTE AKINYI MBOYA BB7/19934/15 JACKSON MARWA RIOBA BB7/19937/15 ONG’ARO DENNIS OTIENO BB7/19933/15 OCHIAGO CHRISTINE AWUOR BB7/19935/15 KEVIN NYABUTI NYANCHONG’I BB7/19936/15 Recommendation This research proposal has been submitted for examination with my approval as the university supervisor. Signature… .................. Date……………… Dr Miriam Thogori Lecturer Chuka University ii
DEDICATION We wish to dedicate this research project to our loving parents. Their support morally, financially and spiritually has enabled us to reach this far in our pursuit of academic excellence. iii
ACKNOWELDGEMENT We wish to acknowledge and thank with sincerity the support of all the people who in many ways contributed to the success of this project. First and foremost, we thank the Almighty God for His blessings and His steadfast love throughout this academic journey. We sincerely thank Him for enabling me to reach this far. We wish to recognize and appreciate in a special way my supervisor Dr. Thogori for her professional guidance and support throughout the research work. We stand indebted for her helpful suggestions and critical review of the final document. We also wish to thank all our lecturers and fellow students at Chuka University for their support. Finally, our utmost appreciation is to our parents and siblings for their support and encouragement. Thank you all iv
ABSTRACT SACCOs have been recognized worldwide as important avenues for economic growth and have close to a billion people affiliated with cooperatives in various and different parts of the world. Countries that have dynamic and vibrant cooperative sectors have achieved economic development as a result of substantial contribution to the growth of those economies by the cooperatives. In corporate financing, asset management is a very important key component because it affects the liquidity, profitability and growth of a business directly and is important to the financial health of businesses of all sizes as the amounts invested in working capital are often high in proportion to the total assets employed. Therefore, in order to remain competitive in the everchanging global market, SACCOs have to be prudent in managing their assets. The general objective of the study was to determine the effects of asset performance management on profitability of deposit taking SACCOs in Chuka Igambang’ombe Constituency, Tharaka Nithi County, Kenya. This study used
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- Fall '19
- Balance Sheet, Generally Accepted Accounting Principles, Fixed asset, SACCOs