Indicative Factors for SACCOs Failure in Tanzania
SACCOs are viewed as a feasible opportunity toward financial inclusion in an economy where most of the citizens are poor, as they are very essential for the socio-economic development of members, the community, and the world at large. However, SACCOs sometimes do not realize the expected socio-econo...
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| Format: | Article |
| Language: | English |
| Published: |
D. G. Pylarinos
2023-08-01
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| Series: | Engineering, Technology & Applied Science Research |
| Subjects: | |
| Online Access: | https://etasr.com/index.php/ETASR/article/view/5989 |
| _version_ | 1797745907650789376 |
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| author | Cosmas Magashi Anael Sam John Agbinya Jimmy Mbelwa |
| author_facet | Cosmas Magashi Anael Sam John Agbinya Jimmy Mbelwa |
| author_sort | Cosmas Magashi |
| collection | DOAJ |
| description | SACCOs are viewed as a feasible opportunity toward financial inclusion in an economy where most of the citizens are poor, as they are very essential for the socio-economic development of members, the community, and the world at large. However, SACCOs sometimes do not realize the expected socio-economic potential, especially when they fail. This study aimed to comprehensively assess financial and non-financial factors, at institutional and personal levels, that contribute to the failure of SACCOS in Tanzania. The data were collected using a questionnaire on 5,000 members of SACCOs, obtained using stratified random sampling. Data collected were analyzed using descriptive statistics and binary logistic regression. The findings showed that both financial and non-financial factors, at personal and institutional levels, had a statistically significant and positive relationship with the failure of SACCOs. Therefore, the performance of SACCOs and other Microfinance Financial Institutions (MFIs) should be addressed from a comprehensive view of both financial and non-financial factors, at personal or institutional levels. In other words, the failure of MFIs should be addressed from a holistic point of view.
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| first_indexed | 2024-03-12T15:30:35Z |
| format | Article |
| id | doaj.art-7c6405e546074473bf0df2bc2355c560 |
| institution | Directory Open Access Journal |
| issn | 2241-4487 1792-8036 |
| language | English |
| last_indexed | 2024-03-12T15:30:35Z |
| publishDate | 2023-08-01 |
| publisher | D. G. Pylarinos |
| record_format | Article |
| series | Engineering, Technology & Applied Science Research |
| spelling | doaj.art-7c6405e546074473bf0df2bc2355c5602023-08-10T05:33:26ZengD. G. PylarinosEngineering, Technology & Applied Science Research2241-44871792-80362023-08-0113410.48084/etasr.5989Indicative Factors for SACCOs Failure in TanzaniaCosmas Magashi0Anael Sam1John Agbinya2Jimmy Mbelwa3Department of Information Technology, System Development, and Management (ITSDM), Nelson Mandela African Institution of Science and Technology (NM-AIST), TanzaniaDepartment of Information Technology, System Development, and Management (ITSDM), Nelson Mandela African Institution of Science and Technology (NM-AIST), TanzaniaSchool of Information Technology and Engineering, Melbourne Institute of Technology (MIT), AustraliaDepartment of Computer Science and Engineering, University of Dar es Salaam (UDSM), TanzaniaSACCOs are viewed as a feasible opportunity toward financial inclusion in an economy where most of the citizens are poor, as they are very essential for the socio-economic development of members, the community, and the world at large. However, SACCOs sometimes do not realize the expected socio-economic potential, especially when they fail. This study aimed to comprehensively assess financial and non-financial factors, at institutional and personal levels, that contribute to the failure of SACCOS in Tanzania. The data were collected using a questionnaire on 5,000 members of SACCOs, obtained using stratified random sampling. Data collected were analyzed using descriptive statistics and binary logistic regression. The findings showed that both financial and non-financial factors, at personal and institutional levels, had a statistically significant and positive relationship with the failure of SACCOs. Therefore, the performance of SACCOs and other Microfinance Financial Institutions (MFIs) should be addressed from a comprehensive view of both financial and non-financial factors, at personal or institutional levels. In other words, the failure of MFIs should be addressed from a holistic point of view. https://etasr.com/index.php/ETASR/article/view/5989SACCOs failurefinancial factorsnon-financial factors |
| spellingShingle | Cosmas Magashi Anael Sam John Agbinya Jimmy Mbelwa Indicative Factors for SACCOs Failure in Tanzania Engineering, Technology & Applied Science Research SACCOs failure financial factors non-financial factors |
| title | Indicative Factors for SACCOs Failure in Tanzania |
| title_full | Indicative Factors for SACCOs Failure in Tanzania |
| title_fullStr | Indicative Factors for SACCOs Failure in Tanzania |
| title_full_unstemmed | Indicative Factors for SACCOs Failure in Tanzania |
| title_short | Indicative Factors for SACCOs Failure in Tanzania |
| title_sort | indicative factors for saccos failure in tanzania |
| topic | SACCOs failure financial factors non-financial factors |
| url | https://etasr.com/index.php/ETASR/article/view/5989 |
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