Abstract:
This study investigates the Role of SACCO Services on Socio-Economic Development of
Umwalimu in Rwanda, case study: Umwalimu SACCO Remera, Period: 2020- 2023” the
general objective was to assess the Role of SACCO‟s on Socio-Economic Development of
Umwalimu in Rwanda, with specific objectives which are to analyze the effectiveness of services
of offered by UMWALIMU SACCO Remera to its members and to examine the contribution of
UMWALIMU SACCO Remera Services to the Socio-Economic Development of Umwalimu.
This study have two hypotheses which says UMWALIMU SACCO offers the effective services
to its members and the services of UMWALIMU SACCO Contribute positively to socio
economic development of its teachers (Umwalimu). Data was collected from 89 respondents
who are the members of UMWALIMU SACCO Remera and data were interpreted using SPSS
where the Key findings include the following:
The information on table 6 was based on 89 participants' opinions about how simple it was to
apply for a loan at Umwalimu SACCO REMERA. According to the statistics, most respondents
had a favorable opinion of the loan application procedure. To be more precise, 24.7% of
participants believe that the process is simple, and a sizable majority 75.3% strongly agrees with
this statement. This indicates that members are quite satisfied with this SACCO's loan
application process's ease of use and effectiveness. The research data on table 9 shows
significant improvements in the frequency and sufficiency of meals for members of Umwalimu
SACCO REMERA after receiving loans. Before obtaining the loans, only 22.1% of the
respondents reported having highly sufficient meals, while 52.6% experienced insufficient
alimentation. After receiving loans, the percentage of members with highly sufficient meal
frequencies rose to 26.3%, reflecting an increase in food security. Similarly, the proportion of
respondents reporting sufficient meals increased from 25.3% before the loans to a notable 69.5%
afterward. This demonstrates the positive impact of the loans on the members' ability to meet
their daily nutritional needs. On the other hand, the percentage of members facing insufficient
meals dropped dramatically from 52.6% to 14.7%, showcasing a significant reduction in food
insecurity among the loan recipients.
