dc.description.abstract |
Many SACCOs in Rwanda are not financially performing well thus a research on the role of financial
management on performance of Savings and Credit Co-operatives (SACCOs) in Rwanda was conducted
in three SACCOs (UMUTANGUHA, COOJAD and COOPEDU) operating in Kigali city. The study aimed
at finding out the financial management tools used in SACCOs, identifying key drivers of financial
management decisions, examining the linkage of financial management decisions and financial
performance. Questionnaires, interviews and documentary review were used to collect data. One hundred
and twenty questionnaires were distributed to members and the interviews were conducted to nine
SACCOs' staff. The data were analyzed mainly through a trend analysis coupled with ratios analysis,
frequency and percentage. Statistical Package for Social Sciences (SPSS) was used to analyze data. The
findings of the study showed that financial management had played role on performance of SACCOs.
However, lack of some financial management tools, limited key drivers of financial management decisions,
poor loan management affected negatively financial performance of the surveyed SACCOs. Therefore, and
financial management of these three SACCOs needs to improve liquidity management, loan management
in order to perform better and attain operating self sufficiency. |
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