Managerial competence and performance of savings and Credit co-operative societies (saccos) in Uganda. A case of Walimu Sacco in Kampala.

Abstract

The topic of the study is; Managerial competence and Performance of Savings and Credit Co-operative Societies (Saccos) in Uganda. A Case of Walimu Sacco in Kampala. The study examined the effect of managerial competence and performance of SACCOs in Uganda. A Case of Walimu Sacco, Kampala, Uganda.The study was guided by the following objectives; to examine the effect of skills on performance of Walimu Sacco, to examine the effect of knowledge on performance of Walimu Sacco and to ascertain the effect of attitude on performance of Walimu Sacco. This study adopted descriptive case study design using both the quantitative and qualitative methods of data collection. A sample size of 320 was determined from a population of 175 using Krejcie & Morgan (1970). Purposive, simple random sampling and convenience sampling techniques were used to select the respondents Walimu Sacco in Kampala. The respondents were issued with self-administered questionnaires which had closed ended questions and face to face interviews were conducted among administrative staff of Walimu Sacco in Kampala. The correlation results indicated a significant positive effect of skills on performance of Walimu Sacco (r = 0.724 with probability value (p = 0.000); a significant positive effect of knowledge on performance of Walimu Sacco (r = 0.657 with probability value (p = 0.000) and significant positive effect of attitude on performance of Walimu Sacco (r = 0.582 with probability value (p = 0.000). It was recommends that the ministry of finance and economic development should develop a consultancy and advocacy especially the ministry in charge of Sacco at their various grass root levels; Employees of Walimu Sacco should be offered management and supervisory skills and know- how, defining the company mission statement, goals, and objectives and the need to identify regular trainings of managers on managerial competencies and how it can lead to increased performance, increased employee motivation which in turn increases financial performance in the company. Further studies should be conducted to include the many other Saccos in the country, stressing how managerial competencies differ from one Sacco to another. More studies should look at governance policies and their effect on Saccos performance using Walimu Sacco as a case study using before and after study design. The key references in this study are, Zikalala (2016) who studied the role of SACCOS in promoting access to credit in Swaziland; Mang’ana et al. (2015) who studied the extent to which SACCOS had invested in Information Technology; Maingi (2014) evaluated factors that were affecting financial performance of SACCOS in the Kenyan context. Ssekakubo et al. (2014) investigated the relationship between managerial competence and the financial performance of savings, credit and cooperative societies (SACCOs) in the Eastern part of Uganda and Orobia, Nakibuuka, Bananuka and Akisimire (2020) carried out an investigation to establish the relationship between inventory management, managerial competence and financial performance of small businesses in Uganda.