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SAVINGS AND CREDIT CO-OPERATIVE SOCITIES
This essay is about savings and credit co-operative society.Savings and credit co-operative societies play a very important role on the country’s economy through pooling together their resources (money) which is subsequently lent out to members for both the provident and development purposes.The Savings and credit Co-operative Society may be defined as a collection of people with a common bond who join together with the main objective of encouraging themselves to save money, thereby creating a pool, which they can subsequently borrow at reasonably low rate of interest,
|language || ||english
|wordcount || ||4650 (cca 13 pages)
|contextual quality || ||N/A
|language level || ||N/A
|price || ||free
|sources || ||13
Table of contents
CHAPTER ONE 1
1.1 BACKGROUND OF THE STUDY. 1
1.2 Objective of the study 2
1.3 Statement of the problem 2
1.4 Research Questions 3
1.5 significance of the study 3
CHAPTER TWO 5
2.1 Savings and Credit Co-operative Societies. 5
2.2 structures of saccos 7
2.3 Loans to members 9
2.4 credit management. 9
2.5 Financial Credit Facilities (Money Market Policy) 10
2.6 Optimum Credit Policy 10
2.7 Credit Operating Principles 10
2.8 (i) Credit limits 10
2.9 Customer Risk Classification, 11
2.10 Terms of Payments. 12
2.11 Management Reporting. 12
2.12 Money in a liberalized Market (Economy) 12
2.13 conceptual framework. 15
CHAPTER THREE 17
RESEARCH METHODOLOGY 17
Research Design 17
Target Population 18
Sample Size and Sampling Techniques 18
Data Collection Instruments 18
Preview of the essay: SAVINGS AND CREDIT CO-OPERATIVE SOCITIES
Savings and credit co-operative societies play a very important role on the country’s economy through pooling together their resources (money) which is subsequently lent out to members for both the provident and development purposes.
The saccos are built on the basis of common bond, where people working under one or related employer(s) pool their resources together with a view to creating a pool from which members can get credit facilities with relatively low interest rates as compared to commercial banks. (Ouma 1989)
The main objective for which the societies were established is to promote thrift among its members by affording them an opportunity for accommodating their savings and to create a source of funds from which loans can be given to them exclusively for provident and productive purposes ...
... prepared questionnaire on possible factors influencing members credit choice.
The population of interest will comprise of the Sacco Members, employees and the management committee members of the above Sacco in Nairobi. The total number of the target population of this group is four hundred and twenty five.
Sample Size and Sampling Techniques
Since the target population is four hundred and twenty five. One hundred and thirty four amongst them will be sampled for the case study. Random sample will be employed in getting information from sacco members as the number is relatively large (416) a sample of at least 30% is adequate while census will be used for both the management committee and the staff as their population is relatively small.
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