The role of cooperative education in the performance of savings and credit cooperative socities : a case of SACCOs in Nyeri District
Maina, Rosemary Gathigia
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Co-operative Education is one of the Principles of Cooperatives. Its objective is to foster understanding for members leaders and employees in carrying out their respective roles and ensuring that the general public is informed about the nature of the cooperative movement. The Cooperative Education therefore aims at developing an enlightened and responsible leadership capable of directing and effectively controlling Cooperatives for the benefit of members and for continued prosperity of the Cooperative movement and the nation. This is achieved through imparting relevant management knowledge, business and entrepreneurial skills needed by employees and Committee Members to enhance efficiency and effectiveness in the services rendered by Cooperatives. It is in view of this that this study sought to explore the role of Cooperative Education in the performance of SACCOs. This study was carried in Nyeri District and focused on main areas related to the problem i.e. perception of Cooperative Education among SACCO members, employees, management committee and public, importance of SACCOs and effects of Cooperative Education in SACCO performance, in adequate cooperative education and challenges facing SACCOs. Various related literatures were reviewed in order to establish the importance of the study, high light gaps and provide benchmark for comparing the findings. The target population was drawn from fifty five (55) operating SACCOs in the district and consisted of members, cooperative officials and staff. The target population was 16,250 members, 385 officials and 221 staff members. Out of this total 1703 (10%) individuals and the DCO Nyeri District participated in the study due to researchers financial constraints and lack of time. Stratified random sampling was used and SACCOs selected for participation informed. Data collection was conducted by use of questionnaire. Descriptive design was used while data was analysed through Statistical Package for Social Sciences (SPSS) Computer Package. Data was collected and presented in tables. Percentages, frequencies, bar graphs and pie charts were used in reporting the data. The research findings point out the need for quality Cooperative Education, adequate time for Cooperative Education need for Cooperative Education in areas like financial reporting, financial and time management. These translate in better performance of SACCOs in terms of membership growth, turn over, financial growth, and improved rebates to members.