Economic Benefit of Savings and Credit Cooperative Societies on the Well-Being of the Individual: Evidence from Mbeya District, Tanzania
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Date
2019-06
Authors
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Publisher
Tanzania Institute of Accountancy
Abstract
Savings and Credit Cooperative Societies (SACCOS) are registered organization that are
formed to impart a saving spirit and extend loans to the members based on individual
requirement and society rules and regulations in relation to their savings. They are societies that mobilize savings and speed up investment by allowing its members to access loans and invest for income generation and thereby contributing to poverty reduction
Description
Keywords
SACCOS, Economic benefits, well-being of SACCOS members, investment capital