IMPACT OF SAVINGS AND CREDIT COOPERATIVE ORGANISATIONS IN THE FIGHT AGAINST POVERTY IN COMMUNITIES

ABSTRACT

This section reflects what is contained in the research report. The study constituted of five

chapters. As you read through this report you will find that SACCOs are doing a positive work of

reducing or even eliminating poverty from different people of Rwimi sub county.

Chapter one shows the justification for the study, describes the statement of the problem,

objectives of the study, and scope of the study.

The study contains chapter two which contains related literature on the topic. In details it has

literature on poverty, effects, causes of poverty, and different measures taken by the Ugandan

government to reduce poverty among the citizens. It further looks at the roles of MFI (SACCOs)

in reducing poverty, their limitations

The report also has chapter three which describes the design, methods of the study and in this it

indicated that questionnaires were used in gathering information from different respondents

whose responses were then analysed for research findings.

The report further contains chapter four which provides the analysis of the questionnaires that

examined the objectives of the study. The presented and discussed in accordance to the

objectives of the study. In the overview the findings showed that MFI (SACCOs) have played a

big role in reducing poverty among Rwimi sub county residents through its action of giving out

simple loans, educating entrepreneurs on small scale profitable business enterprises like farming

and fishing.

There’s also chapter five which shows a summary and conclusions which indicate that despite

efforts of Rwimi SACCO to reduce poverty among Rwimi sub county residents it did not have

enough experts to do the job, its interest rate of 10% was high for the locals and also lacked

enough funds to benefit all their 210 registered members. On the other hand some residents used

loans given to them by Rwimi SACCO non-profitably i.e., marrying second wives, having more

drinking fee to mention but a few. This left a number of these residents in a poor state while

others even lost their property due to failure to pay back Rwimi SACCO loans.

The report also summarises the research showing that there are some residents of Rwimi sub

County who benefited from the existence of Rwirni SACCO in a way that they were able to save

some to pay school tuition for their children and also start up small scale business ventures.