Sustainability Strategies and Performance for Savings and Credit Cooperative Societies in Kenya

Abstract

The study examined the the influence of sustainability strategies on the performance of savings and credit cooperative societies in Kenya. The specific objectives of the study were to establish the influence of environmental sustainability strategies on the organization performance of savings and credit cooperative societies in Kenya, to establish the influence of social sustainability strategies on the organization performance of savings and credit cooperative societies in Kenya and to establish the influence of economic sustainability strategies on the organization performance of savings and credit cooperative societies in Kenya.This study adopted a descriptive survey design. The population for this study was top and middle management employees of the SACCOs in the country. The study adopted descriptive desin. The target population was 489 and 50% sample size was used which was 244. The study sampled 179 respondents who filled and returned the questionnaire. For this research, data was collected using structured questionnaires. Investigators used Likert scales to rank survey items based on their relevance to detecting the occurrence or omission of the trait under study. Prior to the finalization of the questionnaire, it was piloted and recommendations were given to improve the data gathering techniques. It was necessary to clean, code, and keypunch raw data collected in the field into a computer before it could be analyzed. Statistical Package for the Social Sciences (SPSS) was used to analyze the data. Descriptive statistics (frequencies, percentages, etc.) were calculated for the analysis. Regression analysis was also utilized to investigate the relationship between a range of variables. Data presentation was done thematically in form of graphs, figures tables.The study made a number of conclusions; strategies (environmental, social and economic strategies) have influenced the performance of SACCOs in Kenya. Overall, environmental strategies had the least influence on performance, followed by social strategies and economic strategies had the highest effect. The study recommends that the SACCOs should take up of initiatives and design a unique new methods of operations to remain competitive hence improve their performance. The environmental strategies should be looked at because the finding showed that SACCOs needs a good environment to perform well for example, environmental policy statement centred on eco-system integrity should be observed and create new policies that can help in suitable performance. Economic strategies and social strategies should be enhanced in every SACCO in Kenya as they ensure that communities have projects financed by stakeholders to empower its members and bring a smart growth and development programme to protect resource efficiency to the SACCOs.