Saving and Credit Cooperative Societies and Poverty Alleviation in Moyok Sub County, Kween District in Eastern Uganda.
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Date
2018-09
Authors
Journal Title
Journal ISSN
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Publisher
Kampala International University, College of Economics and Management .
Abstract
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.
Description
A research proposal submitted to College of Economics and
Management in Partial Fulfillment for the Award of
a Bachelor Degree in Business Administration in
Kampala International University.
Keywords
Saving and Credit, Cooperative Societies, Poverty Alleviation, Kween District, Uganda