13 Objectives of the Study 131 General Objective The general objective of the

13 objectives of the study 131 general objective the

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1.3. Objectives of the Study1.3.1. General ObjectiveThe general objective of the study was to find out the challenges and prospects of saving and creditcooperatives the case of Kaku Woreda, South Wollo Zone, Amhara Regional State.
1.3.2. The Specific ObjectivesThe specific objectives of this study were:1. To identify the internal and external challenges of the performance of KWSACCOs,2. To indentify the challenges affecting members’ participation in KWSACCOs,3. To identify the challenges of SACCOs during service delivery4. To examine the possible prospects of KWSACCOs,5. To identify the level of challenges of SACCOs.1.4. Research QuestionsThis study addresses the following questions:1. What are the internal and external challenges constraining the performance of KWSACCOs?2. What are the challenges affecting the participation of members in KWSACCOs?3. What are the challenges of KWSACCOs during service?4. What are the possible prospects of KWSACCOs?5. Up to what extent the challenges affect the performance of SACCOs?1.5. Scope of the StudyThis study took place in saving and credit Cooperatives of Kalu Woreda, South Wollo Zone of AmharaRegional State. It investigated the challenges and prospects of SACCOs by using ten SACCOs. The studyfocused on identifying the internal and external challenges of the performance of KWSACCOs, assessingthe challenges affecting members’ participation in KWSACCOs, identifying the challenges of SACCOsduring service delivery, and examining the possible prospects of KWSACCOs.
1.6. Significance of the studyThe study pointed out some of the challenges of SACCOs faced in Ethiopia and the untapped potentialand opportunities waiting. Besides, the study will be expected to serve: as a source of further study in thesimilar sectors; Government policies and strategies, perception of the community towards cooperatives,NGOs and government intervention and interference, all had significant contribution in enhancing and/orretarding the movement of cooperatives for the last three decades. Hence, it was too difficult to concludethat the stakeholders had proper understanding on the values and principles of cooperation to coordinatetheir efforts. Thus, the study is hoped to help policy makers and implementers understand issues related tocooperatives development, values, principles and their challenges as well. It may also be helpful for KaluWoreda SACCOs to take corrective measures like awareness creation about their cooperatives andimprove the performance of the management committees through education, training, and information soas to overcome the challenges constraining their performance and to make members aware about thepossible prospects.1.7. Definition of Terms and ConceptsFor the purpose of conducting this research, the researcher defines the terms and concepts in thefollowing way:Saving: means the accumulation of money regularly or irregularly by the members of saving and creditcooperative societies to secure or to gain interest rate or both. Saving can be defined simply as holdingsomething back from today’s consumption.

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