Role of training programs on the management of saccos in Mombasa county, Kenya
Abstract
The objective of SACCO Societies is member empowerment through savings
mobilization, disbursement of credit and ensuring SACCOs’ long-term sustainability
through prudent financial practice. The purpose of this study was to establish the role of
training programs in the management of SACCOs in Mombasa County. The target
population was all SACCOs in former Mombasa District - Mombasa County which had
been in existence for over two years in the year 2015. The respondents were the Chief
Executive Officers (CEOs) and managers of these SACCOs. The study used Descriptive
Survey methodology which enabled the researcher to gather more information to assist in
analysis and arrive at accurate results. The data collected was analysed, with respect to
the study objectives, using both descriptive and inferential statistics. Software Package
for Social Sciences (SPSS) software was used to analyse data. The findings were
presented in form of percentages and tables. The study used chi-square tests to test the
relationship between training in strategic planning, auditing and membership training and
the management of SACCOs. The key findings revealed that the successful SACCO
management was greatly influenced by training in financial management, strategic
planning, succession planning and supervision. The conclusion is that there was a strong
relationship between training and management of SACCOs. The study recommends that
the government as well as non-governmental organisations should take an active role in
providing training for the proper and successful management of the savings and credit cooperative
societies. On the other hand Regular assessment of the performance of
SACCOs should be done to organise for intervention if need be.
Publisher
University of Nairobi
Collections
- Faculty of Education (FEd) [6011]