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

ABSTRACTCooperative system s wer e develope d int o structures of government intervention , wher ethe political structures did not conform to the fundamental cooperative s stance and ideals.Recently, the government o f Tanzania has undertaken variou s initiatives towards povertyreduction an d attainmen t of social and economi c development . On e of the step s wa sencouraging formatio n and to continue providing technical assistance to strengthen anddevelop SACCOS in urban and rural areas.The purpose of this study is to assess a workers' community established as a Savings andCredit Cooperative Society, namely, Wafanyakazi wa Posta na Simu Savings and CreditCooperative Societ y Limite d (KK ) located i n Dar-es-salaam . Th e intentio n o f th eassessment is not to audit the institution but to study performance o f activities to give aclear picture of society financial and institutional situation, while observing the extent towhich it has successfully fulfilled it s avowed role in the past. The study results fromKKassessment reveal s tha t wit h prope r organizatio n an d control , saving s an d credi tcooperative societies can truly alleviate poverty to its members. SACCO s are expected toimprove, continue and expand their role in rural financial services. They also need to besupported throug h th e provisio n of appropriate capacit y buildin g assistance, includin gtraining an d members 5 educatio n o n saving s an d credit . Thi s would enabl e the m t oupgrade thei r curren t leve l o f management , resources , skills , accounting/financia lknowledge, assets and overall operating procedures , whic h would in turn contribut e t otheir sustainability, and make them more effective and efficient.