The Study of Factors Influencing Savings and Credits: In the Case of Savings and Credit Cooperatives -north Shewa Zone Amhra National Regional State
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Date
2011-06
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A.A.U
Abstract
This paper examines saving and credit cooperatives in North Shewa Zone- Amhra Region
and identifies key factor s which has a problems including lack of sufficient managements
and gaps in the managing savings and credit cooperatives in such areas as creating
awareness to its members by giving consultancy services and cooperative trainings on
utilizing savings as well as credits (loans). The paper suggests that in how to decrease these
problems to increase savings that has a significant factor on the individual developments.
The basic objectives of the research were to examine the factor s, level of habits, and
awareness which influences savings and credit (loan) of cooperatives in North Shewa Zone
Amhra Region, Ethiopia and to out line the customs of members (owners) and managers of
savings and credit cooperatives in the study area. The cross sectional survey with structured
questionnaire was used to collect data for the purposes which have been generated both from
primary sources (in most cases-including interviews) and secondary sources (in less case).
The model ordinary least square was evolved in the process of predicting savings responding
with independent variables from members and credit (loan) management from experiences
of empowered managers in the savings and credit cooperatives. The descriptive and
inferential statistic with SPSS (Software Package for Social Science) was used to analyse
and interpret the result. Status in terms of amount of income, Education level and occupation
were not a significant factors and Family size instead encourages accumulations of savings
for a grant of bequest. Men ' s contribution in the affairs of cooperatives was highly
significant. The major problems identified were inadequate cooperative training,
consultancy , and awareness, to develop trust in the minds of members and trained manpower
in the management of loan in savings and credit cooperatives.
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Keywords
Factors Influencing Savings and Credits, North Shewa Zone