Journal of
Economics and International Finance

  • Abbreviation: J. Econ. Int. Finance
  • Language: English
  • ISSN: 2006-9812
  • DOI: 10.5897/JEIF
  • Start Year: 2009
  • Published Articles: 363

Full Length Research Paper

Determinants of Net Savings Deposits held in Savings and Credit Cooperatives (SACCO’s) in Uganda

S. Mpiira
  • S. Mpiira
  • National Banana Research Program of the National Agricultural Research Organization. P.O Box 7065 Kampala
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B. Kiiza
  • B. Kiiza
  • Makerere University, College of Agricultural and Environmental Sciences (MUCAES). P.O. Box 7062 Kampala
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E. Katungi
  • E. Katungi
  • Makerere University, College of Agricultural and Environmental Sciences (MUCAES). P.O. Box 7062 Kampala
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J. R.S. Tabuti
  • J. R.S. Tabuti
  • Makerere University, College of Agricultural and Environmental Sciences (MUCAES). P.O. Box 7062 Kampala
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C. Staver
  • C. Staver
  • Bioversity international Parc Scientifique II 34397 Montpellier, France
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W.K Tushemereirwe
  • W.K Tushemereirwe
  • National Banana Research Program of the National Agricultural Research Organization. P.O Box 7065 Kampala
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  •  Received: 01 December 2013
  •  Accepted: 05 March 2014
  •  Published: 30 April 2014

Abstract

Savings mobilization is important for rural households in Uganda. This study looked at household net savings deposits in Savings and credit cooperatives (SACCO’s) from individual’s passbooks. Net savings were then measured as the difference between deposits and withdrawals. Weighted least squares were used to determine the factors influencing net deposits. Results indicate that deposits decreased with increase in distance to the SACCO, education levels, wealth, trade activities, and having secondary school dependants. Deposits increased with income, access to credit. SACCO’s are well suited for poor households in terms of products and services offered. There was a higher propensity to save out of transitory income.
 
Key words: SACCO’s (Savings and Credit Cooperatives), savings.
 

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This article is published under the terms of the Creative Commons Attribution License 4.0

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