Influence of Cooperative Management on Sustainable Performance of Deposit Taking Savings and Credit Cooperatives in Kenya
Journal Title: IOSR Journal of Humanities and Social Science - Year 2018, Vol 23, Issue 3
Abstract
Cooperative management in a savings and credit cooperative (SACCO) is a strategic process comprising of savings mobilization, credit administration and member relationships management. The aspects enable SACCOs to achieve a competitive advantage by facilitating them meet needs of members and to leverage on the strength of membership. Therefore, sustainable performance could be an outcome of savings mobilization, credit administration and the members‟ relationship with each other and with the cooperative. However, most cooperatives have had unsustainable performance and low survival rate due to inadequate information on the influence of cooperative management on sustainable performance. Thus, the specific objective of the study was to establish the influence of cooperative management on sustainable performance, by examining SACCO management in terms savings mobilization, credit administration and member relationships management. The study was an explanatory cross-sectional survey targeting all the deposit taking SACCOs in Kenya. From the descriptive analysis, 71.45% of the respondents agreed that cooperative management positively influence sustainable performance of Saccos. Further, the predictor variable was found positively correlated with sustainable performance of Saccos at 77.3% and to explain 79.4% of variation (i.e. R2 ) in SACCOs‟ performance. Likewise, the regression results revealed that governance had a significant positive coefficient (B= 0.213, p =0.000) which imply that a unit change in management would enhance sustainable performance of SACCOs by 0.213 units. The study then recommends that SACCOs should improve on strategic management by ensuring strategic decisions are aligned to strategic actions. This will reduce the disconnect between strategy formulation and execution leading to improved competitive advantage of Saccos and fulfilment of their strategic purpose, mission and vision.
Authors and Affiliations
Kinyuira Daniel K. , Gathenya Jane W. , Muturi Willy M.
Keywords
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- EP ID EP418222
- DOI 10.9790/0837-2303064558.
- Views 61
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