Social Economic Responsibility and Financial Performance of Saccos in Mitooma District, Uganda

Abstract

This study was set out to find out the effect of social economic responsibility activities  on financial performance of Savings and Credit Cooperative Societies in Uganda, using a case study of Mitooma District, Western Uganda. A cross section and survey research design were used and data was collected from 150 respondents. The findings on the effect of social economic activities and financial performance revealed a significant relationship. In conclusion the results showed that corporate social responsibility (economic activities) was a significant predictor of financial performance. The recommendations were made which included the SACCOs to continue helping its members in resource mobilization so as to help members achieve their needs with easy, the SACCOs to make more attractive dividends to shareholders so as attract new members and retain old ones and the SACCOs to improve on the paying of  attractive interest rates to savers to mobilize more savings

Keywords: corporate social responsibility, financial performance, social economic activities

DOI: 10.7176/EJBM/13-21-02

Publication date: November 30^th 2021