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

127In cas e situation becomes difficult, the n the member of guarantors ca n be raised even to5 instead of the existing number of three.There are also problems, which can be solved through normal operations. These are;(a) The society should prepare a training scheme for training its member.Currently, there is no training scheme that allows members to receive some cooperativetraining, whic h i s necessar y t o the m a s the y wil l inves t mor e i f the y ar e mor eknowledgeable of the operations, benefits and risks involved to their invested money. Toget ri d of cooperative illiteracy , a n arrangemen t ca n b e mad e t o trai n all intereste dmembers, starting wish leaders followed by ordinary members (including staff).Apart from emphasizing on cooperative educatio n i t will a also be necessar y t o trainmembers o n entrepreneurship skill s s o that loans should be directed mostly to incomegenerating activities rather than sunk cost such as building house s and other uses Thesociety can establish a training department tha t shall conduct trainings on a continuousbasis as it will be more economical than engaging trainers from outside. Since funds ar eavailable, wha t i s require d i s a goo d trainin g schem e tha t wil l b e establishe d wit hconsideration tha t it s member s ar e employee s workin g daily from Monday throughFriday. Classes can be set on weekends.(b) Control on delinquency.For an y MFI, includin g SACCOS, delinquency is the most serious set back as it alwaysaffect plannin g leading to collaps e of such organizations. KK i s one of the societies ,which requires t o take urgen t measure s to ensure that all loans are paid within agree dtime schedule. Management (Committee) must emphasize on preparation of debtors ag e