Abstract:
Savings mobilization is a key component in any development endeavor as it is believed to be the surest way of increasing income and boosting productivity in attempt to eradicate poverty. The main purpose of the study was to determine the effect of cooperative strategies on members’ savings mobilization and analyze the effect of intervening factor (Family size, attitude, and income level) on savings mobilization. The study utilized a sample of 30 SACCOs out of 2,500 and 180 SACCO members out of 150,000 in Nairobi area. These were selected through simple random sampling method. A semi structures questionnaire was used to collect data from 210 respondents. Data was analyzed using a multiple linear regression model to test relationship and assess impact of the independent variables on members’ savings mobilization. A response rate of 45.7% (96) respondents was achieved. Correlation coefficient revealed that training requirement had an average
positive influence on saving mobilization, while investment opportunities and intervening
Variables had a strong positive influence on saving mobilization. The most significant
factors were investment opportunities, and intervening variables at 99% confidence level.
It was therefore concluded that cooperative strategies partially affected members’
savings mobilization.
