Contribution of Umurenge Saving and Credit Cooperatives (SACCOs) to the Living Standards of Improvement of Members in Rwanda. A Case Study of Mahembe Umurenge Sacco (2017-2019)
Keywords:
Credits, Deposits and advises, SACCO, Umurenge Saving and Credit cooperativesAbstract
All over the world, savings and credit cooperatives have played the fundamental starring role in promoting living standard improvement of population. This study focuses on the evaluation on savings and credits cooperatives on living standards improvement of SACCO’s members in Rwanda. The study aimed at finding out whether the saving and credit cooperatives were effective and whether they really have contribution on member’s living standards improvement in Rwanda especially in Mahembe Umurenge SACCO. The design of this study was a quantitative descriptive in nature. A sample size of 70 respondents were selected randomly to take part into this study and data were analyzed using statistical package for social sciences (SPSS) version 20. The findings revealed that Saving and Credits Cooperatives have a great contribution to the living standards improvement of SACCO’s members and there is a strong positive and significant relationship between saving and credit cooperatives and members’ living standards improvement and also a significant influence of saving and credit cooperatives on members’ living standards.
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