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16 in the country through creating legal basis and expansion of human resource development at higher institution level .Therefore, it is high time to the cooperative bureaus, cooperative experts, higher institutions, and cooperative staff to maximize the existing policy environment to the advantage of cooperative development so that members will benefit from it and cooperatives can contribute to the social and economic development of the nation (Veerakumaran,2007). 2.2.5.Theoretical Challenges of SACCOs in Financial Transactions Even though ample studies have been conducted regarding to the challenges and prospects of other financial institutions, many studies have not been conducted regarding to the challenges of SACCOs. Some researchers have tried to show the challenges SACCOs as follow: Both financial institutions and poor clients face high transaction costs due to asymmetric information problems which naturally appear in the financial transactions. These costs related to searching, monitoring and enforcement costs which are directly related to the information problems inherent in the rural financial markets. The uncertainty regarding the ability of borrowers to meet future loan obligations, inability to monitor the use of funds and demand for small sum of loans by the rural households further reinforces the higher units of transaction costs, which is characterized by fixed costs (Dusuki, 2008).
17 3.RESEARCH MATHODS 3.1.Research Design As survey research will be biased on AWSACCOs. It aimed at getting detailed information regarding factors affecting the performance of Sacco. 3.2.Target Population A population is a complete set of units to be studied (Kothari, 2004). The population of the study is all the board of directors, employees, members. a total 16 saving and credit cooperatives and 80 board of directors 480 members ,and 32 employees. 3.3.Sample Size The sampling technique/design is simple random sampling. The choice of simple random sampling is that it avoids bias and also ensures that there will be representativeness. 3.4.Data Collection The study uses primary data; original information will be collected from a first-hand experience. Questionnaire is the data collection instrument in this study. 3.5.Data Analysis The researcher uses quantitative techniques in analyzing the data. Descriptive analysis is employed; which includes; mean standard deviations and frequencies/percentages. And also inferential statistics such as correlation and regression analysis will be used. The research is organized and interpreted on account of concurrence to objectives using assistance of computer packages especially Statistical Package for Social Sciences (SPSS) version 20 to communicate the research findings. Frequency and percentage tables will be used for analysis.
18 4.TIME AND BUDGET SCHEDULE 4.1.Time schedule TASK TIME SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG PROPOSAL WRITING √√DATA COLLECTION √√DATA EDITING AND CODING √√√√DATA ANALAYSIS & and INTERPRETATION √√√√√