This study assessed the factors influencing loan repayment among SACCOS
members, specifically in CHAMIHADO SACCOS in Dodoma Municipality. It was
guided by three specific objectives namely: to understand the loan process of
CHAMIHADO SACCOS members, to assess the loan repayment rate among
members and to determine factors influencing loan repayment among
CHAMIHADO SACCOS members.
The sample size of 88 respondents were employed whereby simple random
sampling and purposive sampling techniques were employed, to the select the
respondents, data were collected by using both social survey and personal
interviews, whereas questionnaire, interview guide and documentary review were
employed as tools for data collection. The collected data were analyzed by using
descriptive statistics and qualitative analysis.
Findings revealed that, the processes followed by CHAMIHADO SACCOS
members to secure loans are: To have savings and must be members of the
SACCOS as well as having guarantors who also were members of CHAMIHADO
SACCOS. Moreover, findings have revealed the loan repayment rate among
CHAMIHADO SACCOS members as follows the majority 68% paid their loans on
time followed by those who paid out of time 28% and 4% of them who failed to pay
the loan totally. Further, findings have revealed that, most factors which affected
loan repayments among CHAMIHADO members were low income among
members, low level of education, the number of dependants, borrower’s experience
and the amount of loan receipts.
Basing on the findings from this study, the following recommendations are made:
entrepreneurship skills should be provided by CHAMIHADO SACCOS to their
borrowers before giving them loans. There also should be a regular follow up to the
CHAMIHADO SACCOS members and should ensure a proper allocation of their
loans so as to avoid defaults.
SSA, R (2021). Factors Influencing Loan Repayment Among Savings And Credit Cooperatives Societies (Saccos): A Case Of Chamihado Saccos, Dodoma Tanzania. Afribary.com: Retrieved May 13, 2021, from https://afribary.com/works/factors-influencing-loan-repayment-among-savings-and-credit-cooperatives-societies-saccos-a-case-of-chamihado-saccos-dodoma-tanzania
Research, SSA. "Factors Influencing Loan Repayment Among Savings And Credit Cooperatives Societies (Saccos): A Case Of Chamihado Saccos, Dodoma Tanzania" Afribary.com. Afribary.com, 26 Apr. 2021, https://afribary.com/works/factors-influencing-loan-repayment-among-savings-and-credit-cooperatives-societies-saccos-a-case-of-chamihado-saccos-dodoma-tanzania . Accessed 13 May. 2021.
Research, SSA. "Factors Influencing Loan Repayment Among Savings And Credit Cooperatives Societies (Saccos): A Case Of Chamihado Saccos, Dodoma Tanzania". Afribary.com, Afribary.com, 26 Apr. 2021. Web. 13 May. 2021. < https://afribary.com/works/factors-influencing-loan-repayment-among-savings-and-credit-cooperatives-societies-saccos-a-case-of-chamihado-saccos-dodoma-tanzania >.
Research, SSA. "Factors Influencing Loan Repayment Among Savings And Credit Cooperatives Societies (Saccos): A Case Of Chamihado Saccos, Dodoma Tanzania" Afribary.com (2021). Accessed May 13, 2021. https://afribary.com/works/factors-influencing-loan-repayment-among-savings-and-credit-cooperatives-societies-saccos-a-case-of-chamihado-saccos-dodoma-tanzania