Assessing Financial Sustainability of SACCOs in Uganda: Case Study: Uganda Revenue Authority Staff SACCO

Abstract

This study focused on “Assessing financial sustainability of Sacco‟s in Uganda: a case of Uganda revenue authority staff Sacco.” The two main objectives of the study were to assess the level of productivity of the SACCOs in Uganda and to assess the level of operational self sufficiency of SACCOs in Uganda.

The study used cross sectional design which enabled the researcher to draw the samples from the population over a short period of time. The study focused on the respondents from URA staff SACCO. Primary and secondary sources of data collection methods were used. Quantitative and qualitative methods were also used to collect and analyze the data.

The research findings shown by frequency distribution tables and cross tabulations to explain the demographic characteristics of the respondents. Also factor analysis was performed to obtain the factor loadings of each of the underlying factors productivity and operational self sufficiency of the SACCO.

The findings generally indicated that there was a high level productivity and operational self-sufficiency in the SACCO which was highly commendable by the researcher for there to be financial sustainability in the SACCO.

The researcher recommended that SACCO management generally that if they want to attain financial sustainability, then they must continuously improve on the productivity of the SACCO. However, it is also observed that factor loadings of operational self-sufficiency are not so much different and therefore, it also almost equally important that it is given attention as well for SACCOS to ensure financial sustainability.