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

79For proper safe keeping of money, the society has a large safe in the cash office wherecheques, cash and other important documents are kept as stated in article 85 (1) (b) ofCo-Operative Societies Rules: The cash shall be kept in a suitable safe until requiredand shall be in the safe custody of the treasurer, secretary-treasurer or the manager asthe case may be, provided that the Registrar may require such information as he deemnecessary regarding the adequacy of safekeeping facilities'.As a measure tool fo r misuse of funds, all payments made an d receipt collected ar echannelled through bank. The cashier is not allowe d to keep in the saf e an y amountexceeding Tshs. 100,000/= (As indicated in article 37 (c) of the KK SACC O by-laws),unless the amount is specially drawn to be disbursed on the same day.Apart from control within the office, almost all people who make possible members loandisbursements are aware of every payment made. Staff processing payment in the bank,including th e Chie f executiv e of the Tanzani a Postal bank are KK member s and, asexpected, have to process paymen t afte r readin g the document s thoroughly. They al lknow the procedures and limits of loan portfolio and they have strict orders to return anyuncompleted or erred document.Reflecting to the interests and concerns of members in the decision-making process, itwas observe d tha t chance s ar e give n t o member s t o contribut e t o th e societ ydevelopment but due to lack of sensitization many members do not see the importance of