Kilemile, Rodrick Eliuter
(2017)
Factors Affecting the Financial Sustainability of SACCOS in Shinyanga Municipality.
Masters thesis, The Open University of Tanzania.
Abstract
Tanzania enrolls with savings and credit cooperative societies for decades now, but this sector has not been able to impact positively on the lives of people. Access to finance has been cited as one of the obstacle factors for economic growth and poverty alleviations. In addition, savings and credit cooperative societies have lagged behind other financial institutions by performing below the members’ expectations thus causing dissatisfaction among the members. The objective of this study was to establish the factors affecting the financial sustainability of savings and credit cooperative society in Shinyanga Municipality. The study was justified based on the fact that dividend policy, awards from saving and capital growth accelerates the financial sustainability of savings and credit cooperative societies. A descriptive as well as multiple linear regression methods was used in the study. The study involved a sample of 60 beneficiaries of SACCOS services. SACCOS Sustainability was a dependant variable while capital growth, dividend payment, and award from saving were the independent variables. Data analysis was done using Statistical Package for Social Sciences (SPSS). The findings revealed that dividend payment and award from super saving contributed to SACCOS financial sustainability.
Key words: Cooperative societies, financial sustainability, capital growth, saving award and dividend policy
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