Effect of Savings and Credit Cooperative （储蓄和信用合作社的影响）.pdf

International Journal of Business and Commerce Vol. 1, No.11: Jul 2012[40-63] (ISSN: 2225-2436) Effect of Savings and Credit Co-operative Societies Strategies on Member’s Savings Mobilization in Nairobi, Kenya Thomas Kimeli Cheruiyot cherutho@ Catherine Muganda Kimeli kerubocate@ Susan M. Ogendo nyabokesue@ Abstract Savings mobilization is a key component in any development endeavor as it is believed to be the surest way of increasing income and boosting productivity in attempt to eradicate poverty. The main purpose of the study was to determine the effect of cooperative strategies on members’ savings mobilization and analyze the effect of intervening factor (family size, attitude, and income level) on savings mobilization. The study utilized a sample of 30 SACCOs out of 2,500 and 180 SACCO members out of 150,000 in Nairobi area. These were selected through simple random sampling method. A semi structure questionnaire was used to collect data from 210 respondents. Data was analyzed using a multiple linear regression model to test relationship and assess impact of the independent variables on members’ savings mobilization. A response rate of 45.7% (96) respondents was achieved. Correlation coefficient revealed that training requirement had an average positive influence on saving mobilization, while investment opportun