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1.7 Scope of the Study of The scope of this research study encompassed the investigation the effects of governance, education and training and market risks on performance of SACCOs. It takes goal, the into account the Kenyan setting of the SACCO environment. To achieve this district, Eastern running of the Tharaka Nithi Teachers SACCO located in Meru South Province in Kenya was studied. 1.8 Delimitation of the Study The factors of Governance, education and market risks are key movers of SACCO Performance and growth. This research study therefore contains great potential of
5‘in establishing ‘how?’, ‘to what extent?’ and what relationships?’ the factors affect SACCO is the Tharaka performance of the SACCOs. In addition, very Nithi Teachers population including representative since its membership is open to all clusters of the both rural and urban residents. Limitation of the Study 1.9 which study There are a number of limitations that were expected in this research included failure to respond to questionnaires and unwillingness by the respondents to In addition, biased give account of some information that they may consider sensitive. were expected. responses due to the respondents’ vested interest on the SACCO However, the design of the questionnaire was such that sensitive issues were concealed was meant to avoid from direct interpretation. This biased response, failure of response and unwillingness of the respondents to participate. 1.10 Assumptions of the Study The assumptions of the study were that the respondents were to cooperate in filling in the questionnaire and the information gathered through the questionnaires was to be accurate, representative and true. Definition of significant terms 1.11 Cooperative is an association of persons who have come together with a common purpose of pooling their resources together for mutual economic and social benefit Government Policy is a deliberate plan of action to guide decisions and achieve rational outcome(s) in SACCOs Loans are money rendered to SACCO members by SACCO for personal development and repaid back at low interest rate. Market risk is a possible reduction in value resulting from changes in market demand. It is the risk that the fair value or future cash flows of a financial instrument will fluctuate because of changes in market prices Members this are Share holders and those who have completed membership fees payment into the SACCOs. Mustaharabu Account: The product is specifically designed to enable member to save It is also good and convenient account to for holiday such as Christmas, Easter, Idd etc.
6save in for a planned project. Official: by may means a director or any other person be whatever name or title he called or described, who carries out or is empowered to carry out functions relating to the of overall direction a deposit taking SACCO society or takes part in the general management thereof.