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Implementation of the Fifth Co-operative Principle(Education, Training & Information) in Tanzania Savings and Credit Co-operative Societies (SACCOS): Experience from Moshi Rural Teachers’ SACCOS and Wazalendo SACCOS

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  • Kelvin M Mwita

    (School of Public Administration and Management, Mzumbe University, Tanzania.)

Abstract

This paper assesses the fifth Co-operative principle (education, training and information) in SACCOS using experience from Moshi Rural Teachers’ SACCOS (MRTS) and Wazalendo SACCOS in Kilimanjaro region. Data were collected from 58 respondents by using questionnaires, interview and observation. The study found a satisfactory level ofinformation sharing to members and employees, however, technology has not yet been fully utilized in sharing information relating to SACCOS. Education and training faces a number of challenges leading to lack of necessary skills and knowledge to employeesin performing their job. It was also found that there is low engagement of the youth in SACCOS with no effective strategies to persuade them to join SACCOS. The study recommends the use of more advanced technology in information sharing, conducting training needs assessment, having on-the-job training and formulation of strategies for persuading young people to join SACCOS.

Suggested Citation

  • Kelvin M Mwita, 2019. "Implementation of the Fifth Co-operative Principle(Education, Training & Information) in Tanzania Savings and Credit Co-operative Societies (SACCOS): Experience from Moshi Rural Teachers’ SACCOS and W," Indian Journal of Commerce and Management Studies, Educational Research Multimedia & Publications,India, vol. 10(3), pages 16-23, September.
    • Handle: RePEc:aii:ijcmss:v:10:y:2019:i:3:p:16-23
    DOI: 10.18843/ijcms/v10i3/02
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    References listed on IDEAS

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    1. Guiso, Luigi & Sapienza, Paola & Zingales, Luigi, 2015. "The value of corporate culture," Journal of Financial Economics, Elsevier, vol. 117(1), pages 60-76.
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