Browsing by Author "Cherop, Silas"

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    Saving and Credit Cooperative Societies and Poverty Alleviation in Moyok Sub County, Kween District in Eastern Uganda.
    (Kampala International University, College of Economics and Management ., 2018-09) Cherop, Silas
    The objective of the study was to examine the impact of savings and credit cooperatives (Sacco's) in poverty reduction, state of poverty, the factors influencing the formation of Sacco's, and the relationship between Sacco's and poverty alleviation in Moyok Sub County. Using a cross sectional research design in which both the quantitative and qualitative methods were utilized to find out the impact of Sacco's on the alleviation of poverty. Questionnaires alongside face to face interviews were administered to 133 respondents who were staff and clients of Moyok Sacco's. It was found out that Sacco's renders services such as provision of loans and credits, savings mobilization, investment advice, provision of employment opportunities, promotion of entrepreneurship poverty eradication and provision of essential services among others. This has helped them succeed in improving customer satisfaction and profitability, improving the social welfare of its clients, improved the lending capacity alongside their annual growth rate. As a way of improving the success of saving and credit cooperative societies, the study recommends among others; the need for Sacco's in Uganda to increase outreach by providing cost effective but affordable financial services to the poor and critically improve governance, human resource development, and systems development mainly through internal control, business plan, and marketing strategy and concentrate on their original developmental and social objectives other than exclusively focusing on their financial performance.