Saccosmeter for Measuring Performance of Savings and Credit Co- Operative Societies in Tanzania
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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.
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