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

78To ensur e tha t membe r equit y i s proportiona l t o patronage , th e SACC O ha s amechanism in place that encourage members to be more confident in their decisions toinvest in KK. Previously, the SACC O wa s investin g in buying shares from differentcompanies bu t ever y transactio n an d profit s realize d was onl y passe d i n the books ,making it difficult fo r members t o feel the rea l ownership of their SACCO. Althoug hthey hav e forgon e thei r dividend s for quit e a lon g time, when they se e on e spaciouscompleted building and another one in construction progress, they feel that it was worthit after all.4.1.1.4 Control and members satisfactionConsidering th e natur e of th e society , there wa s n o evidenc e tha t member s engag ethemselves in business or activities placing them in direct competition with any businessunit or service offered b y the cooperative . Also from the stud y findings it was of ouropinion tha t executiv e member s (management ) ar e no t takin g the advantag e o f theirpositions to obtain favours in their SACCO becaus e there is no need for that. Funds arealways available, except on few occasions when a good number of members with largesavings process their loan applications at the sam e time. For example, if ten memberswith- savings of 10.0 million each need to take planned loans, it means there must haveat leas t 300. 0 millio n i n accoun t t o b e draw n a t once . Whe n such situatio n occursmanagement hav e to delay other members s o the account remain with enough fund topay emergency loans to many members.