PRODUCTS RANGE EFFECTS ON SAVINGS & CREDIT CO-OPERATIVE SOCIETIES’ LOAN APPROACHABILITY BY CONSUMERS IN KISUMU COUNTY, KENYA
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Date
2020-06
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Publisher
EPRA International Journal of Research and Development (IJRD)
Abstract
The key goal of any Savings and Credit Co-operative Societies (SACCO’s) is members’ empowerment. Through mobilization
on savings, credit payouts and ensuring long-term sustainability through judicious financial practices can this be realized.
However, SACCO’s encounter challenges in promoting quality financial management practices such as limited capital, credit
hazards management, negative liquidity, deprived governance and very low credit approachability. There has been a
continuous deterioration in access to credit in SACCO’s in the near past years in Kenya. Therefore, this study sought to find
out the products range effects on Sacco’s credit approachability in Kisumu County, Kenya. The management level employees
of SACCO’s were the targeted respondents. Descriptive investigation and a Census sample strategy were employed in this
study. The findings of this study revealed that credit convenience in SACCO’s is positively inclined by product range. These
findings were both supported by the rates of the respondent’s responses which were presented in the form of percentages and
scores’ averages. The number of data pairs and of independent variables were accounted for by the model at
2
R
adj
0.7611
. Therefore, let the SACCO’s flinch investing in products revolution in order to ensure that they have a
wide range of products which are tailor made that can suit the consumer’s needs. An increase in the level of credit accessed
by the consumers will be realized and thus increase in the Sacco’s key goal.