Sacco Investment Products and Financial Growth of Members in Bungoma County
Pages : 1265-1270Download PDF
In Kenya people join savings and credit co-operative societies with an aim of improving their economic status. SACCOS have uplifted the economic standards of most of their members by assisting them with affordable loans and other products. This has led to the expansion and growth of SACCOs across the County. The objective of this study was to determine the effect of investment products on financial growth of SACCO members in Bungoma County. The target population for the study was 12, 000 members in Bungoma County from the following Savings and Credit Co-operative Societies; Ng’arisha, Mwalimu, Metropolitan and Mt. Elgon. A sample size of 387 members was selected using stratified random sampling. A descriptive survey research design was adopted and data was gathered by use of questionnaires and interview schedules. Both qualitative and quantitative data was collected using structured and unstructured questionnaires. Descriptive and inferential statistical analysis was employed on the quantitative data collected. Data was presented by use of graphs, tables and charts. From the study, it can be concluded that teachers SACCO provide their members with investment products for their financial growth. It is also evident that there is a higher positive correlation between investment products and financial growth of members. The study recommends that teachers SACCO should invest heavily in providing investment products to their members because they a higher financial growth of members.
Keywords: Investment Products, SACCO, financial growth, County Government