Tag Archives: SACCOS

Size of the Firm and its Influence on Dividend Payout among Deposit Taking Saving and Credit Cooperative Societies (SACCOS) in Kenya (Published)

In the recent past Saving and Credit Cooperatives Societies (SACCOs) have gained popularity in Kenya due to high interest rates charged by commercial banks and this has made borrowers to shift their focus to SACCOs due to their fixed interest rates on loans. In regard to dividend payment SACCOs tends to pay high dividends in comparison to commercial banks, however the level of dividend payout keeps on fluctuating and thus shareholders are not aware of what they expect in the next financial year. This paper was set to explore the influence of size on firm on dividend payout. The study focused on deposit taking SACCOs since they play a major role of capital formation in Kenya. The study used descriptive and correlational research design. The target population was the 176 the deposit taking SACCOs in Kenya, out of which a sample of 108 respondents were randomly selected from each SACCO. Data was gathered using questionnaire and document analysis and analyzed using SPSS (23). The study findings revealed that the size of the firm had a negative insignificant influence on dividend payout among SACCOs. The study recommended SACCOs should not focus so much on expanding their operations to different locations, instead should focus on products development. The study recommended further analysis on the influence of cash reserve ratio on dividend payout.

 

Keywords: Dividend payout, SACCOS, deposit-taking, size of the firm

Size of the Firm and its Influence on Dividend Payout among Deposit Taking Saving and Credit Cooperative Societies (SACCOS) in Kenya (Published)

In the recent past Saving and Credit Cooperatives Societies (SACCOs) have gained popularity in Kenya due to high interest rates charged by commercial banks and this has made borrowers to shift their focus to SACCOs due to their fixed interest rates on loans. In regard to dividend payment SACCOs tends to pay high dividends in comparison to commercial banks, however the level of dividend payout keeps on fluctuating and thus shareholders are not aware of what they expect in the next financial year. This paper was set to explore the influence of size on firm on dividend payout. The study focused on deposit taking SACCOs since they play a major role of capital formation in Kenya. The study used descriptive and correlational research design. The target population was the 176 the deposit taking SACCOs in Kenya, out of which a sample of 108 respondents were randomly selected from each SACCO. Data was gathered using questionnaire and document analysis and analyzed using SPSS (23). The study findings revealed that the size of the firm had a negative insignificant influence on dividend payout among SACCOs. The study recommended SACCOs should not focus so much on expanding their operations to different locations, instead should focus on products development. The study recommended further analysis on the influence of cash reserve ratio on dividend payout.

Keywords: Dividend payout, SACCOS, deposit-taking, size of the firm

Status of Saccos Growth before and During JK Billion Fund In Tanzania Mainland (Published)

This study investigated the growth status of SACCOS before and during the implementation of the JK Billions in Tanzania mainland. Linear regression models using enter method predicted varying relationships. Before the fund came into effect i.e. 2005, the study results showed that saving was well predicted by women than did their counterpart men. However, as the fund got underway, neither women nor men were significant predictors of savings. In both models i.e. before and after the implementation of the fund, savings amount appeared to predict well the level of loans issued to members. This study concluded that men and women have different saving preferences as members of savings and credit cooperative societies. Moreover, loans are also determined by the levels of savings. The government must limit its efforts to technical development and facility development of member-based financial institutions instead of pumping credit.

Keywords: Fund, Government, JK BILLION, Regressions, SACCOS