Dar Es Salaam, Tanz - SNHU Academic Archive - Southern New ...

119knowledge to generate more income. This is revealed on the fact that about 65.22% ofall respondent s receive d loans for building houses, 21.01% for paying children schoolfees, while only 8.7% were invested in business, leaving only 5.07% for other uses. Withproper knowledg e member s shoul d kno w th e benefit s o f utilizin g th e facilit y b yborrowing mor e money resulting to a more and rapid growth of their society due t ointerests paid from loans taken.Unless buildin g o f houses aim s a t usin g them fo r rentin g purposes, th e curren t ideashould be abolished because building houses to live in is only a sunk cost i.e. not able toreproduce other income. In that case members should be trained and encouraged to takeloans for conducting businesses, and using the profits realized to build houses while atthe end they remain with their businesses running with a sustainable income.Organized trainin g can b e arrange d t o genera l membershi p s o eac h membe r knowshis/her rights and benefits involve d i n joining th e SACCOS . Als o trainer s shoul d beinvited to conduct training so that members use the facility more usefully than it is at themoment. Aime d a t povert y reduction scheme, 'KK' coul d educat e member s throughconsultants o n entrepreneurshi p skills , wher e the y shoul d be encourage d t o establishfamily businesses. Family business refers to an entity in which two or more members ofthe family with financial control/interest in business are engaged.