Abstract
The degree to which countries invest in the SACCOS sector and the successful management of their operations is a key factor in the demand for development and the level of achievement registered in socio-economy, politics, and other indicators. The main purpose of this study is to investigate the major factors that contributed to the success of Awach Savings and Credit Cooperative Society LTD. The study used explanatory designs and a qualitative research approach. The study used primary data. Primary data was collected through interviews and observations. The qualitative data analysis method was used to achieve the objectives. The result revealed that Awach SACCOS is successful in terms of membership growth, employment creation, asset growth, capital growth, share capital growth, saving mobilization, loan disbursement, and overall profitability. Several factors contribute to the success of Awach SACCOS. Results of the study revealed that strategic thinking, attitude towards professionalism, member satisfaction, capacity-building activities, women empowerment, communication, product diversity, employee motivation, ethical and committed employees, leadership quality and commitment, good relationships with government organs, membership in the International Cooperative Alliance (ICA), use of technology (Core Banking), qualified and committed committee or board, absence of political interference, and inclusiveness are the major factors for Awach’s success.
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