Saving and Credit Deduction Remittance on Financial Performance of Mentor Deposit Taking Saving and Credit Co-Operative in Murang`A County, Kenya

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dc.contributor.advisorSalome Musauen_US
dc.contributor.authorMumbe, Matei
dc.date.accessioned2023-08-04T08:52:27Z
dc.date.available2023-08-04T08:52:27Z
dc.date.issued2023
dc.descriptionA Research Project Submitted to the School Of Business, Economics & Tourism for Award Of Master Of Business Administration Degree (Finance); Kenyatta Universityen_US
dc.description.abstractThe research assessed the effects of saving and credit deductions remittance and financial performance of Mentor deposit taking SACCO in Murang`a County, Kenya. Savings and credit cooperatives are organizations created by its members to pool resources for economic growth. SACCOs offer their members manageable loans and reward them with dividends on their deposits. Since the loanable funds are members’ contribution, the SACCO operation may be impacted by the non-remittance of the monthly contributions. Determining the impact of saving, loan repayment, interest income, share capital, and the risk premium on the financial performance of the SACCOs was the study's specific goal. Institutional theory, credit risk theory, cash flow management theory, loan pricing theory, and cash flow management theory support research variables since they show how each variable behaves. The inconsistency in the number of deposit taking Saccos renewing their licenses, growth in dormant members to up to13.08% in 2019 and report by sasra in 2019 indicating more Ksh. 5 Billion were unremitted to various Saccos by the employers as the main problem which warrant a study. The study adopted the cross sectional research design since it doesn’t require testing of hypothesis and data is collected at a given point of time and data collected can focus on one or more variables. Three branches of Mentor SACCO, located across Murang'a County, were used for the research. A systematic sampling design was used to create a sample size of 391 from 18000 sacco members. Data collection was done using both open and enclosed questionnaires, and only 89% of questionnaires were completed and compiled for analysis, and a document review guide was used in collecting longitudinal secondary data on financial performance from the audited financial statement provided by the SACCO chief executive officer. To test the validity, the Cronbach’s Alpha test was carried out on 10% of the sample; the results showed 0.9, an indication that tools were excellent for data collection and Valid at a P<5% significance level for the test of validity. The financial ratios, Pearson correlation, and multiple regression were used to determine the performance and relationship between independent and dependent variables statistically, where it was noted that non-remittance of loans had a negative impact on the financial performance shown by a 25% of loans were not remitted in time thus the SACCO did not attain efficiency ratio of 100% as required by SASRA, and in the last five years under study the SACCO had not attained a current ratio of 2:1 as recommended, the asset growth was recommendable for the five years of study, grew from 69.37% to 76.025%. The study helps the sacco managers to finds a safer means of remittance and vet employers, a further study on sacco size and financial performance can be carried out . The data was presented in tables and figures. Since the information provided would not be shared with a third party, the respondents were offered the assurance of anonymity and secrecy.en_US
dc.description.sponsorshipkenyatta universityen_US
dc.identifier.urihttp://ir-library.ku.ac.ke/handle/123456789/26539
dc.language.isoenen_US
dc.publisherKenyatta Universityen_US
dc.subjectSaving and Credit Deductionen_US
dc.subjectFinancial Performanceen_US
dc.subjectMentor Depositen_US
dc.subjectSaving and Credit Co-Operativeen_US
dc.subjectMurang`A Countyen_US
dc.subjectKenyaen_US
dc.titleSaving and Credit Deduction Remittance on Financial Performance of Mentor Deposit Taking Saving and Credit Co-Operative in Murang`A County, Kenyaen_US
dc.typeThesisen_US
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