Assessing the Need for SACCOs Participation in Higher Education Financing in Tanzania: A case of Morogoro Teachers SACCOs

Urio, Lydia Nehemia (2014) Assessing the Need for SACCOs Participation in Higher Education Financing in Tanzania: A case of Morogoro Teachers SACCOs. Masters thesis, The Open University of Tanzania.

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Abstract

SACCOs are important in the provision of financial and banking services to low income households who for economic reasons cannot be covered by formal banks and financial institutions. The need for stakeholders such as SACCOs to support members to finance higher education of their dependants has been growing rapidly as public budgets cannot adequately fund higher education. The general objective of the study was to assess the need for Morogoro Teachers‟ SACCOs to participate in higher education financing for its members and their dependants. Case study research design was utilized in the methodology. A sample of 65 respondents was used. Data were collected using interview, questionnaires and analysed descriptively by using Statistical Package for Social Science (SPSS) computer software. The findings indicate that SACCOs are financial intermediation and investment for the needy whereby 75% of respondents argued that the interest charged from members‟ loans boost SACCOs funds. Likewise, 85% of respondents reported the enhancing earnings and profitability of SACCOs to enable the generation of a return on its resources while 90% of respondents argued for prompt repayment of loans from members in order to enable higher education financing of members‟ dependants. Therefore, the financial status shown by Morogoro Teachers‟ SACCOs need to be maintained through the enhancement of good flow of deposits, savings and repayment arrangements to enable the SACCOs serve its members. There is a need to revise Morogoro Teachers‟ SACCOs lending policy to support higher education learning both its members and dependants while having a caption left to support the education fund.

Item Type: Thesis (Masters)
Subjects: 300 Social Sciences > 370 Education
Divisions: Faculty of Education > Department of Policy Planning and Administration
Depositing User: Mr Habibu V. Kazimzuri
Date Deposited: 14 Jan 2016 12:06
Last Modified: 14 Jan 2016 12:06
URI: http://repository.out.ac.tz/id/eprint/787

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