The rural saving and credit cooperatives in Ethiopia are believed important tools to implement various development programs and considered as an alternative financial service provider for the rural poor since the regular commercial banks are not attracted and not interested to address high financial demand yet.Conventional Banks can not lend to poor and very small business due to the risk factor that arises from the informal nature of the business of the poor, lack of fixed asset acceptability for collateral, susceptibility to business failure and high transaction cost. Due to this global fact conventional banks in Ethiopia also failed to address the rural poor. Hence, the unmatched high demand for finance and very limited supply necessitates intervention by member owned financial institution dedicated for the interest and Hence, the unmatched high demand for finance and very limited supply necessitates intervention by member owned financial institution dedicated for the interest and well-being of the poor where by the relevance of RUSACCOs is unquestionable. of the poor where by the relevance of RUSACCOs is unquestionable.
Saving and Credit Cooperatives(SACCOs)are established to provide saving and credit services by targeting the poor people with the decisive objective of household food security, increasing household income and improving the overall economic and social conditions of their community in general and members in particular. The poor participate in SACCOs program in the expectation of that taking credit increases their income, saving, employment, access to education and health facilities and ultimately achieves the objectives of socioeconomic empowerment and poverty reduction.
Saving and credit cooperative societies have been developed to meet the fundamental human need to find a way of saving and borrowing methods without taking risks and without handing over too much power to a money lender.More than half of the world population are women.However, women are not treated equally with men on economic activities participation.The gap between men and women on participation of economic activities are filled by saving and credit cooperatives by providing saving and credit services for both men and women
In recent years, the growth and expansion of saving and credit cooperatives is playing its significant contribution to poverty reduction strategy of developing countries including Ethiopia in solving the financial problem of urban and rural dwellers.The main objective of the study was to identify the determinant factors for the development of SACCOs in Gondar town. The study area was selected purposively, due the presence of long established SACCOs.To analyze qualitative and quantitative data descriptive statistics, correlation and World Council of Credit Union (WOCCU) financial standard tools were employed. The recommendations should get the attention of SACCOs, development workers and policy makers to improve the current situation. These measures will ultimately provide SACCOs not only to the advantage of members but also for the development of financial market at community level.
Micro finance in Uganda targets the economically active poor including the self- employed who are involved in micro and Small-enterprise.Micro credit is not a new phenomenon as it is as old as man only that now it has taken a different form due to modernization by making it commercial in nature. Micro finance institutions provide micro credit to the MSEs to improve on their working capital consequently increased investment hence profitability. Micro and small enterprise play a vital role in any Economy and that is why the government of Uganda has been injecting resources into this sector in view of envisaging economic growth and development. Nevertheless, the sector has remained without visible signs of growth. This Book examine the economic impact of micro credit on the sustainability of MSEs in terms of Accessibility to micro credit, interest rate and the repayment frequency in Uganda in particular Kabarole District.
Studies reveled that risk management practice has significant impact on the institution goal, mission and objective achievements. Although a risk mgt practice has been studied by some scholars, such types of studies are not made on the sector of cooperative. Thus the purpose of this study is to assess the Risk Management Practice of Saving and Credit Cooperatives Union. The study also come across major gap in practicing the risk mgt; the union doesn’t practice the risk mgt & risk mgt process is poor, there is no a department or individual personally responsible for risk mgt system, risk identification process is not going on a regular basis; qualitative risk analysis is not employed, standard tools and techniques were not used for identifying risk , there is no risk appetite and operational risk is the major risk that the union had confront. The researcher recommend, it is advisable for the union to have a department for risk mgt system, follow risk identification process to undertake it on a regular basis, Better to employ qualitative analysis, The management and control committee have to give emphasis for risk mgt and practical implementation of risk management.
Microfinance sector has evolved as an effective tool for the socio-economic development of the poor households. However, concern persists on institutions sustainability for greater outreach and welfare impact of microfinance program for inclusive growth and development. This book examines the sustainability and outreach of microfinance institutions along with the impact of ‘microfinance-plus services’ on member-households.
This study looks at household savings behavior in relation to participation in SACCOS. Participants were disaggregated into those who save and those who do not save in the SACCO. Descriptive analysis of households was done to determine significant differences in the socio-economic characteristics of participants and non-participants. The determinants of the degree of SACCO participation: none membership, membership without savings and membership with savings using an ordered probit model. Weighted least squares (WLS) to determine the factors influencing the levels of deposits made in the SACCO. Results showed that the likelihood of membership and depositing in a SACCO increased with incomes, a move from a rural to urban location and having dependants in secondary schools. Households with stable income sources were less likely to join and save in a SACCO. SACCO deposits decreased with increasing distance to the district capital, Net deposits decreased with increase in level of education, wealth, trade and those with secondary school dependants. This indicates that SACCOS are not well suited to such households either in terms of prestige or adequacy and suitability of products.
Microfinance is comparatively a new financial innovation plays an important role in extending financial access to the underserved population and promoting economic growth through inclusion of economically disadvantages population. Both Bangladesh and China have adopted microfinance to reach out and integrate their poor into the economic mainstream. Bangladesh adopted microfinance early on and has made tremendous progress in developing innovative micro-credit models, diversifying services, expanding outreach and achieving sustainability. China adopted microfinance in early nineties as the country has a great prospect and a huge demand of microfinance services in rural areas particularly in the state-designated poor counties. This is a unique book extensively examines the development process, welfare impacts and outreach & sustainability of microfinance program in China with special reference to Bangladesh. This cross-country study evidence can help microfinance practitioners and policy makers to gain a better understanding and leads to further methodological improvement and adoption of microfinance program for sustainable livelihood of the poor particularly the women.
Standard point to leave is that people should believe in growth and economic development. The two terms are in fact the creation of humanity. The book brings forward europenization of Eastern Europe Region. It also treats human capital in Europe, sustainability, economic growth and development. Central vector is that we must all contribute to sustainable economic growth, the economic sustainability enabling reliability of a better future.
This study highlights the need for increased understanding of global environmental sustainability challenges and universalizing solutions as reducing and reversing the environmental impact of economic growth is difficult when a sizable proportion of the world’s population has yet to benefit from economic growth. Critical theory formed the study’s conceptual framework. Business leaders and commercial farmers were interviewed; data were organized, edited, coded, formatted, and analyzed to determine themes and trends. If sustainable development programs for business and sustainable agriculture research and outreach in developing economies are implemented, a large number of people’s standards of living may be raised. This book suggests that possible solutions to global sustainability challenges should be effectively shared between developed and developing countries in order to help make a positive social change.
One of the major objectives of microfinance institutions is poverty alleviation. The achievement of this objective greatly depends upon the financial and operational performance of the institution. This study entitled "Financial and Operational Performance Analysis" circulates around the key issues of the financial and operational performance trend of ADCSI (Addis Credit and Saving Institution Share Company) from asset and liability management, efficiency and productivity, sustainability and profitability and outreach dimensions.Thus, the major objective of the study is to analyze the financial and operational performance of ADCSI (Addis Credit and Saving Institution). The data used in the study is mainly secondary and was obtained from the institution''s audited financial statements and operational reports. In order to analyze the financial and operational performance trend of the institution five years data from 2005 to 2009 was used. Data analysis was performed using various widely accepted ratios and descriptive statistical tools.
"Financial Services to the Poor: Sustainability and Outreach" is my academic work to the completion of my masters Program in MICROFINANCE. However, this work is beyond a simple dissertation mostly considered as a partial fulfillment of academic requirements in order to be awarded a degree. It is rather a hard work that tells about a win win situation whereby poor people can have access to Financial services and leave the financial institution profitable and sustainable. Some people may think that there is a trade off between outreach and sustainability. Which is not true. A Financial institution more likely a Microfinance institution (considered as innovation in Financial services to the poor) can reach financially excluded poor people and still remains profitable. By this work I would encourage both traditional Financial services providers and investors in the financial services providers to downscale their operations/investment and tailor financial services to the need of the poor by doing so they will unleash the energy and opportunities available to the poor people to turn them into wealthier citizens.
People are poor since they have low skill. They are low skilled since they are poor. To break this vicious cycle, it necessary to empower people so that they can gain access to the capital market. The group lending is an important idea that helps to break the shackle. Generally such group formation are voluntary. In India, however, there is an active public support system to enhance, monitor and further this system. In our study, we try to understand the efficacy of the public system in fostering this job. Most of the standard studies in this field are oriented towards the individuals who form group. In our case, the focus is different. We try to see how far the public authorities are able to fulfill their job. Using data from a poor district in India, we study growth and sustainability of Self Help Groups . We find that the public system is not very effective in provision of the necessary impetus towards the group formation. The links are weak and often non-existent. A radical shift in the standard practice is highly required.
Micro finance is among major interventions that are being carried out throughout the world particularly following the corridor of poverty - Africa, Asia, and Latin America - as a tool to alleviate poverty. Ethiopia is among few world countries which are currently in fast economic growth. The role of microfinance institutions in the economic growth of the country is very significant. To guide the institutions on the right truck it needs scientific research. Therefore, this research has been carried out to analyse the trend of changes in credit provision, savings mobilization, and geographic and financial accessibility of the institutions to the active poor. Correlation analysis between credit provided and savings mobilized together with predictive regression models are unique parts of this study. The book will have paramount importance to managers of Microfinance institutions, policy makers, donors, creditors, and those who are engaged in providing trainings on microfinance and related issues
This is an empirical study undertaken using logistical model to evaluate the microeconomic impact of rural finance extended through Savings and Credit Cooperative Organizations and, Microfinance institutions on agribusiness development in rural farming communities of Hoima and Masindi Districts in Uganda. Besides building strong social capital among farmers, agro-processors and distributors, these institutions have positive and significant impacts on agricultural development through microcredit loans. Using micro-econometric tool of Propensity Score Matching, the study revealed a significant difference between borrowers and non borrowers in terms of realized output, intermediated input usage and land acreage devoted for farming. These are suggested parameters of improved agricultural productivity and technology, hence agriculture development. This book is a timely evaluation for prospective rural entrepreneurs, academics, policy practitioners, government and agencies interested in rural finance. Curious readers would also find this literature enriching.
The book examined the role of cooperatives in expanding access of rural women to production resources in parts of Kano and Jigawa states(Kano region), Nigeria. The conclusion drawn from the study show that cooperatives have been instrumental in access of rural women to education /skill acquisition usually carried out in the various women centres located in different parts of the state and mostly organised the various development officers of the state's ministry of women affairs. Other benefits include access to land, access to credit through the government's soft loan scheme and grants as well as the technical assistance. These are all steps towards strengthening the economic base of the rural women if properly managed.
The main objective of this study was to predict the sustainability of low cost airlines and to identify the future growth options for Low Cost Carriers. For this purpose, the research focused on the global low cost airline industry with regards to their macro environment, business models, competitive stance, and industry life cycle. Industry specialists and consumers both believe that LCC’s have benefited the industry by providing low fares and made air travel affordable. However both set of respondents also agree on the need for focus on CRM as a means for being sustainable. The research provided insight on the future opportunities and challenges in each of these regional markets along with the several future industry success and survival factors. The research concludes with two recommendations for LCC’s in terms of their future strategy development either reinvigorate their low cost differentiation strategy or innovate to gain a first mover advantage.
Dear reader! The Book entitled "Factors Influencing Business Growth of Cooperatives" assesses and presents clue about the main factors that influence business growth of cooperative societies in which the absence of them hinder the growth and vice-versa. Accordingly, four major factors was identified with eighteen sub factors. The effect of these factors is examined with appropriate questions posed on 146 respondents. The finding of this research contain the important way of solving these problems which hinder the growth of cooperatives. Therefore, I recommend you that to read this book in order to get important points on the subject matter.
TB and HIV: a community outreach training perspective This book explores the implementation of a TB and HIV community outreach training project offered from a Higher Education Institution. A historical overview is given as well as identification of the key roleplayers required and the steps in project initiation. The experiences of the trainers involved, as well as the challenges experienced and the impact of the project in diverse community settings is described. Adult learning methodology and innovation in the health context are discussed.Recommendations for implementation and sustainability of such a venture are put forward.