| dc.description.abstract | This study investigated effect of financial literacy on performance of teachers Savings and Credit Co-operative Organizations (SACCOs) in Uganda. In particular the study looked at the effect of saving mobilisation knowledge, financial planning skills and credit management skills on performance of teachers SACCOs. Using a case study design on a sample of 317 respondents, quantitative and qualitative approaches were adopted. Data was collected by use of questionnaire and interviews and analysed quantitatively and qualitatively. Quantitative data was analysed using the Statistical Package for Social Scientists version 20.0 (SPSS). At univariate level, data was analysed basing on the mean, standard deviation and frequencies. At bivariate level, data was analysed basing on correlational analysis and at multivariate level data analysis was carried out using multiple linear regression. Qualitative data was analysed by content analysis with the results of the study presented basing on the study and constructs themes. The study established financial planning skills was the most significant predictor of performance of teachers SACCOs followed by savings mobilisation knowledge and credit management skills respectively. It was thus concluded that products savings mobilisation knowledge enhance the performance of teachers SACCOs, financial planning skills affect performance of teachers SACCOs and credit management skills improve the performance of teachers SACCOs. Therefore, the study recommends that responsible government agencies such as Ministry of Finance and Economic Planning, Bank of Uganda and financial institutions should make effort to equip members with savings mobilisation knowledge; government agencies such as Ministry of Finance and Economic Planning, Bank of Uganda and financial institutions should also train people in financial planning skills; and financial institutions should equip their members with credit management skills. | en_US |
