FINANCE DATA MANAGEMENT PRACTICES ON LOAN PERFORMANCE OF SACCOS IN BUSIA. CENTRAL BUSINESS DISTRICT, COUNTY GOVERNMENT OF BUSIA; KENYA
Abstract
Loan performance refers to the financial soundness of a financial institution on the performance of their disbursed loan to various sectors. Savings and Credit Cooperative Societies (SACCOs) operate in an environment of considerate risks and uncertainty. Credit management is one of the main challenges faced by financial institutions as well as the savings and credit cooperative societies in many parts of the world. Thus, the objective of the study was to evaluate the impact of Finance Data Management on Loan performance of SACCOs in Busia Central Business District; Kenya. The study applied the descriptive survey research design and the target population of the study was eighty SACCO staff members belonging to the Credit and Operation managers from the registered deposit taking SACCOs in Busia County; Kenya. The study applied census technique on the study target population since it was manageable. The data collection instrument included structured questionnaires. The study employed computer software of Statistical Package for Social Sciences (SPSS 24) to generate and analyze data in order to respond to descriptive statistics; frequency , mean and standard deviations. Further, the software was used on Inferential Statistics that led to generation of statistics of correlation among the variables. Regression analysis was done and results were based on complying with the objectives of the study. The Conclusions was, Finance Data Management had a significant influence on Loan Performance of SACCOs in Busia Central Business District; Kenya. The recommendation of the study was that the SACCOs should embrace Finance Data Management Practices since it improves Loan Performance.
Key words: Finance Data Management, Credit Management Practices, Loan Performance
CITATION: Oyogo, S. P., Kadima, M. J., & Miroga, J. (2022). Finance data management practices on loan performance of SACCOs in Busia. Central Business District, County government of Busia; Kenya. The Strategic Journal of Business & Change Management, 9 (1), 99 – 108.
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DOI: http://dx.doi.org/10.61426/sjbcm.v9i1.2166
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