Might SACCOs be tribally managed successfully?
Journal Title: Scholars Journal of Economics, Business and Management - Year 2015, Vol 2, Issue 5
Abstract
Abstract: Savings and co-operative societies (SACCO) serve as an economic cushion for employees’ social welfare, however members bear the brunt of huge losses caused by mismanagement despite the set out regulations and guidelines. This paper set out to investigate tribal management within the Equabo Sacco, Kisumu, Kenya. Production and sales tribe are dominant within Equabo SACCO, where production has the lion share especially in the central management committee (CMC) and it is characterized by stability and strong saving culture. Sales tribe on the other hand is highly fluidic and dynamic but does not possess critical mass therefore occupy CMC through affirmative action. One tribe that can access the information for all tribal members and play a transitory role between the extremes of other tribes and also a link between bottler management and the CMC is the administrative tribe. The tribal aspect is more reflective especially in loan guarantee, and in leadership of the CMC and supervisory committee which are chaired by production and sales tribe respectively. Intertribal correspondence tend to be loaded with skepticism which ensures effective management of the SACCO. Managerial effectiveness and strong leadership can be achieved by SACCOs exploiting tribal strengths and assigning responsibility in a complimentary manner . Keywords: production tribe, sales tribe, administrative tribe, CMC, supervisor committee
Authors and Affiliations
Dr. Fredrick Aila, Mr. Peter Ndichu, Dr. Charles Omondi Ondoro
Keywords
Related Articles
- EP ID EP384548
- DOI -
- Views 54
- Downloads 0
Ownership of Blockholders and Agency Cost: Evidence from Pakistan
Abstract: Purpose of the study is to analyze the effectiveness and efficiency of monitoring power and performance of equity holders, who have ownership in blocks, in minimizing and controlling the agency cost in Pakistan...
The Image of Public Secondary Schools in South West Cameroon: School-Community Relationship
Abstract:Although significant research exist in the field of corporate image, fairly less image research has been conducted in the field of education especially in public secondary schools. The purpose of this study is t...
Security of Infrastructure and Implications on the Economy: A Theoretical Consideration based on Nigeria’s Maritime, Oil and Gas Sectors
Abstract: The maritime, oil and gas sectors account for over 90% of Nigeria’s revenue. This paper presents an overview of maritime security challenges and its effect on the Nigerian economy, using the oil and gas sector...
Impact of Treasury Single Account (TSA) Implementation on Bank Liquidity in Nigeria
Abstract:This paper assesses the impact of TSA implementation on the liquidity capacity of deposit money banks in Nigeria. The specific objectives were to examine the impact of Treasury Single Account (TSA) implementati...
Empirical Research on the Influencing Factors of Purchase Intention in Catering Online Group-buying
Abstract: It is becoming more and more popular that consumers group buy catering online, The study chose the empirical research variables and used questionnaires to analyze the factors which affect purchase intention of...