A survey on the effects of non-remittance of members deductions by employers to the saving and credit co-operatives societies:
Abstract
The study examined the effects of non-remittance of members'
deduction by the employers to the Saving and Credit Co-operative
Societies,a case of Nairobi Province while looking at its relationship with
the SACCO performance. The target population of the study was all
registered SACCOs in Nairobi as at December 2006.A sample of 60 out of
a population of 060SACCOswas studied.
Primary data was collected using a questionnaire and a total of 28
questionnaires were completed and returned. Secondary data for 40
SACCOs was collected using a semi-structured questionnaire from the
Ministryof Co-operative Development and Marketing main registry. Data
was analyzed and processed using computer software's SPSS(statistical
package for social Scientist). Tables, pie charts, graphs and percentages
were used to summarize the data and present research findings.
The findings of the study reveals that 64.3% of the SACCOs studied
experience the problem of non-remittance and this has negative impact
on SACCO performance. Some of the effects experienced include the
SACCO are unable to give loans, they are unable to pay dividends, they
cannot pay salaries, members are likely to withdraw and liquidity position
is likely to deteriorate among others.
Citation
Masters of business administrationSponsorhip
University of NairobiPublisher
School of business,University of Nairobi