Saccos’ Financial Services and Growth of Members’ Enterprises in Luweero District in Uganda
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Date
2020
Journal Title
Journal ISSN
Volume Title
Publisher
International Journal of Business Marketing and Management (IJBMM)
Abstract
The purpose of the study was to establish the relationship between SACCOs’ financial services
(savings and credit facility) and growth of members’ enterprises (sales). The survey method was employed in
Luweero District using a structured questionnaire. The sample size comprised 200 SACCO members who
operate Small Scale Enterprises and obtained credit from the SACCOs. Data were analysed by descriptive
statistics, Pearson’s correlation method and multi test regression technique.
The regression results indicate a significant positive relationship between savings and growth of SACCO
members’ enterprises while the relationship between credit services and growth of SACCO members’
enterprises was positive but insignificant.
Based on the results, SACCOs may improve interest rates on savings as a way of motivating members to work
hard for more savings. By equipping credit management skills to SACCO managers, SACCOs can ensure
members’ satisfaction whenever they obtain credit from the SACCOs.
Description
Keywords
SACCOs, Savings, Credit, SACCO members’ enterprises and growth
Citation
Dickens, M. D., Kintu, I., & Turyakira, P. Saccos’ Financial Services and Growth of Members’ Enterprises in Luweero District in Uganda. International Journal of Business Marketing and Management (IJBMM)