Provision of Financial Services and Performance Management Practices of Express Savings and Credit Cooperative Limited, Kireka, Wakiso, Uganda
Loading...
Date
2014-01
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Kampala International University, College of Economics and Management
Abstract
Express SACCO Ltd is a member owned and controlled Savings and Credit Cooperatives
Society. It offers diversity of financial services which include loaning to members [ emergency
loans, commercial loans, school fees loans, and agricultural loans], savings and credit facilities,
front office services, risk management. Reports from the Ministry of Trade, Industry and
Cooperative [Cooperative Department] the SACCO census of 2011 indicated that membership at
Express SACCO was declining and as for the concerns raised by clients were; delay in the loan
disbursal, no ATM services, no Automated bill payments, and inadequate credit facilities. If this
trend continued, it could impair the financial position of the SACCO, cause redundancy of
employees and suffering of clients. The main objective of the study was to assess the effect of
Performance Management Practices on Provision of Financial Services by Express SACCO Ltd.
The study adopted a descriptive research design. The target population comprised of 2220
members of the SACCO. The study used stratified and random sampling criteria to obtain a
sample of 333 respondents. Semi-structured questionnaires were used to collect both quantitative
data and qualitative data. Data were analyzed using descriptive statistics such as frequencies and
percentages. Regression analysis and Pearson Correlation were used to establish the strength,
direction and significance of the relationship between performance management practices and
provision of financial services. Data were presented using tables and charts. The study revealed
that generally, clients were not satisfied with the way the SACCO offered its loans that is, poor
utilization of the new technology like mobile banking and A TM services. However there was a
positive relationship between PMP and PFS with a unit change to PMP carrying a 84.9%
increase in PFS. The study concluded that SACCO management should put specialization into
practice for efficiency and effectiveness. These research findings can provide useful knowledge
to academicians, researchers, and SACCOs to improve their management practices.
Description
A Dissertation Submitted to the College of Economics and Management in Partial Fulfillment of the Requirements for the Award of a Degree in Business Administration (Accounting) Of Kampala International University
Keywords
Financial Services, Financial Services, Express Savings, Credit Cooperative Limited, Kireka