Evaluation of financial performance of saving and credit co-operative societies before and after deregulation - the case of saccos based in Nairobi

Abstract

The study had the objective of evaluating the financial performance of SACCOs before and'after deregulation. The research problem, had the objective of evaluating the financial performance of SACCOs before and after deregulation. These was supported with literature review, where literature on government and non-government control and how they affect performance of entities were highlighted. The governments control on different organizations as described in the text was seen as not making them perform effectively.

The research methodology adopted dictated the use of Secondary data.The annual

. financial reports were used in the study and analyzed using descriptive statistics and excel package played a very important role.

The objective was achieved by analyzing the growth ratios, liquidity ratios, effective financial structure and profitability ratios. It was also found that performance of SACCOs in the two eras were not significantly different, even though minor advantages were seen to have existed before deregulation especially when absolute mean ratios were used

The major model used in the study was the WOCCU model, generally the SACCOs performed relatively better before deregulation, since they met most of the WOCCU goals.

The paper is organized in five chapters . Chapter one details the problem of the study, chapter two has the literature review , chapter three highlights the research methodology adopted, chapter four has the data analysis and presentation of findings in chapter five a brief summary , conclusion, recommendations and limitations of the study are highlighted. From the research findings it was, therefore, concluded that what has been assumed all along might not really be the reality.In financial performance the SACCOs were found to be indifferent between these two eras when we go by the test of significance.