Financial management and sustainability of nonprofit organizations in selected local non-governmental organizations in Mogadishu, Somalia
Loading...
Date
2013-01
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics
Abstract
This study set out to establish the extent to which financial management affect sustainability of nonprofit organisations in selected local NGOs in Mogadishu, Somalia; specifically the study intended to establish the (I) profile of the respondents, (ii) extent of which financial management, (iii) level sustainability, (iv) whether there is a relationship
in the extent of which financial management and the level of sustainability of nonprofit organizations in selected local NGOs in Mogadishu, Somalia.
The study used a survey design; specifically descriptive correlation
and descriptive comparative; the target population was 210 and the data was collected from 138 respondents using self administered questionnaires as the key data collection instruments, it was also used purposive sampling and simple random sampling techniques to select the respondents The study findings revealed that there was a high level of
which financial management; there was also high level of sustainability. The study concluded that financial management in the selected local NGOs was significantly correlated with sustainability of nonprofit organizations in Mogadishu, indicating that the high extent of financial management in the selected local NGOs in Mogadishu is significantly responsible for a high level of sustainability in this area. Recommendations from the study were (I) Local NGOs should state their goals clearly and ensure that they achieve their goals by ensuring that they fully understand why they wish to achieve them and what has been stopping them from achieving their goals and objectives. (ii) Local NGOs should develop sustainability plan implemented and monitored; goals are being met and adjustments made and work towards the achievement of this plan. (iii) Local NGOs should develop clearly defined fundraising goals based on the organization’s financial strategic plans; share responsibilities among several individuals as part of a systematic process.
Description
A research thesis presented to the college of higher degrees and research Kampala International University Kampala, Uganda in partial fulfillment of the requirements for the Degree of Master of Business Administration in Finance and Banking
Keywords
Financial management, Nonprofit organizations, Mogadishu, Somalia