Saccosmeter for Measuring Performance of Savings and Credit CoOperative Societies in Tanzania

Journal Title: International Journal Of Management And Economics Invention - Year 2016, Vol 2, Issue 11

Abstract

Good and poor performing Savings and Credit Co-operative Societies (SACCOS) exist in Tanzania. Such existence results into having SACCOS which are doing well and others which are not doing well in terms of performance. The apparatus or tool for measuring the performance of SACCOS remains inadequately established. That was a knowledge gap on which the collected data for this paper focused on. The paper was intended to establish SACCOSMETER (SM) for SACCOS. The SM is an apparatus or tool which can be used by members, board members, management and other stakeholders to measure performance of SACCOS. The specific objectives were to develop SM and demonstrate application of SM by stakeholders of SACCOS. Primary data were collected using a questionnaire which was administered to one hundred and twenty SACCOS selected through stratified random sampling. Descriptive statistics and binary regression were used to establish SM of SACCOS. This was through enabling the author to establish fourteen performance indicators of SACCOS. The possession of the performance indicators were fifty percent of overall sample SACCOS scored more than seventy percent of performance indicators and therefore they were good performers. Others, fifty percent of the overall sample SACCOS scored seventy percent or less on performance indicators as poor performers. It is argued that SM of SACCOS should be developed, availed, maintained and applied by the stakeholders of SACCOS in order to have accurately measured performance of SACCOS in Tanzania. The accurately measured performance guides formulation of relevant intervention for improving SACCOS’ performance.

Authors and Affiliations

Kitala Christian Tobias Malamsha

Keywords

Related Articles

Establishment of Talent Acquisition at Startups

The study focused on how one should recruit in a startup. Startup is a revolution in India. India is the world’s 3rd in terms of no. of startups, 4200. Every day India watches birth of 3-4 startups. Total worth of invest...

Early Marriage In Ethiopia: So Little Done But So Much To Do

Early Marriage is one of the global problems that undermine the personal development and the rights of women very seriously. It is very delicate among the developing countries such as Ethiopia. Under-aged girls in Ethiop...

Investigation of Entrepreneurship as a Driver for Job Creation Among Youths

Unemployment is a pathology that plagues all nations including South Africa. Hence this study used phenomenological approach with the intention of deeply understanding entrepreneurship as a driver of job creation based o...

Strategies For Winning Customer In A Competitive Market Environment” (A Case Study Of Mtn Nigeria Ltd)

There is hardly any business organisation to successfully serve a particular market without experiencing any form of competition in the market environment. Every firm must strive to develop effective and appropriate mark...

Benefits And Constraints Of Using Mobile Banking In Microfinance In Developing Countries

A large number of populations in developing countries do not have access to formal financial services. Recent innovation in providing financial services in a convenient and efficient way is the use of mobile banking tech...

Download PDF file
  • EP ID EP211575
  • DOI -
  • Views 117
  • Downloads 0

How To Cite

Kitala Christian Tobias Malamsha (2016). Saccosmeter for Measuring Performance of Savings and Credit CoOperative Societies in Tanzania. International Journal Of Management And Economics Invention, 2(11), 1092-1103. https://www.europub.co.uk/articles/-A-211575