Credit management systems and financial performance of savings and credit cooperatives (SACCOS) in mid-western Uganda
Date
2020-09-30Author
Kule, Baguma John Muhunga Kule
Kamukama, Nixon
Kijjambu, Nsambu Frederick
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American Journal of Finance
ISSN 2520-0445 (Online)
Vol.5, Issue 1, pp 43-53, 2020 www.ajpojournals.org
43
CREDIT MANAGEMENT SYSTEMS AND FINANCIAL
PERFORMANCE OF SAVINGS AND CREDIT COOPERATIVES
(SACCOs) IN MID-WESTERN UGANDA
Baguma John Muhunga Kule
Mbarara University of Science and Technology,
Faculty of Business and Management Sciences, Uganda
Email: kule@must.ac.ug
Assoc. Prof. Nixon Kamukama
Mbarara University of Science and Technology
Email: nkamukama@must.ac.ug
Dr. Nsambu Frederick Kijjambu
Mbarara University of Science and Technology
Email: Nsambu.kijjambu@must.ac.ug
ABSTRACT
Purpose: To ascertain the relationship between credit management systems and financial
performance of SACCOs in Mid-Western Uganda.
Methodology: A cross-sectional research design and positivist paradigm were used to collect data
from 93 SACCOs in Mid-Western Uganda using a closed-ended questionnaire. Standard linear
regression analysis was carried out.
Findings: The study findings reveal a moderate, positive and significant relationship between
credit management systems and financial performance of SACCOs in Mid-Western Uganda.
Unique contribution to practice and policy: This study suggests to management a need to put
into place effective credit management systems if SACCOs are to improve their financial
performance by ensuring that favorable terms and conditions, and adequate client appraisal process
are in place. In addition, government should support SACCOs by providing staff trainings on credit
terms and conditions formulation and improving their competencies in client appraisal
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