Browsing by Author "Agaba, Moses"

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    Effect of Board Accountability on Financial Performance of Selected SACCOs in Kiruhura District, Uganda.
    (Kabale University, 2024) Kyabarongo, Benon; Agaba, Moses; Byamukama, Eliab Mpora; Sunday, Arthur; Sekiwu, Denis
    Board accountability and Financial Performance are significant concepts among SACCOs in Uganda due to their involvement in the financial intermediation process. In spite of the several interventions by Bank Uganda, a number of banks and other financial institutions have failed to operate forcing the regulators to intervene to ensure sanity in the financial system. The purpose of this study was to investigate the effect of corporate governance on the financial performance of SACCOs in Kiruhura District, Uganda and the specific objective was; To examine the effect of board accountability on the financial performance of selected SACCOs in Kiruhura District, In this study, a cross-sectional survey research design was employed, adopting quantitative and qualitative approaches research approaches. A total population of 342 people was used at a confidence level of 95% or an error of 0.05 and the sample size was 184 respondents who involved the staff and members taken from the six SACCOs registered in Kiruhura district, Uganda as of January 2023. The obtained data for analysis was divided into two phases. First, descriptive statistics on the respondents and the preliminary data analysis were performed using SPSS version 20.0. These statistics included multicollinearity, mean and standard deviation, outliers and extreme values, and missing values in the second phase, the structural relationships between the variables in the suggested conceptual model were tested and examined using structural equation modeling (SEM). Jaffrey’s Amazing Statistical Program (JASP) version 0.17.2.0 was used to implement SEM. The findings of the study were: The effect of board accountability (BAC) on financial performance was found to have a negative effect ( = -0.908), implying that the data failed to support the direct relationship between BAC and FiP, thus not supporting H01, Therefore the study concludes that SACCOS will do less well financially the more its board assumes accountability for the company's decisions and communicates them openly to stakeholders. The study recommends that the board of directors should be more effective in ensuring that they communicate the decisions clearly and appropriately so that SACCO maximizes shareholders' wealth. SACCOs should seek the best strategies for communicating and sharing accountability feedback with SACCO members to generate maximum benefits for everyone
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    ItemOpen Access
    Effect of Board Accountability on Financial Performance of Selected SACCOs in Kiruhura District, Uganda.
    (Kabale University, 2024) Kyabarongo, Benon; Agaba, Moses; Byamukama, Eliab Mpora; Sunday, Arthur; Sekiwu, Denis
    Board accountability and Financial Performance are significant concepts among SACCOs in Uganda due to their involvement in the financial intermediation process. In spite of the several interventions by Bank Uganda, a number of banks and other financial institutions have failed to operate forcing the regulators to intervene to ensure sanity in the financial system. The purpose of this study was to investigate the effect of corporate governance on the financial performance of SACCOs in Kiruhura District, Uganda and the specific objective was; To examine the effect of board accountability on the financial performance of selected SACCOs in Kiruhura District, In this study, a cross-sectional survey research design was employed, adopting quantitative and qualitative approaches research approaches. A total population of 342 people was used at a confidence level of 95% or an error of 0.05 and the sample size was 184 respondents who involved the staff and members taken from the six SACCOs registered in Kiruhura district, Uganda as of January 2023. The obtained data for analysis was divided into two phases. First, descriptive statistics on the respondents and the preliminary data analysis were performed using SPSS version 20.0. These statistics included multicollinearity, mean and standard deviation, outliers and extreme values, and missing values and in the second phase, the structural relationships between the variables in the suggested conceptual model were tested and examined using structural equation modeling (SEM). Jaffrey’s Amazing Statistical Program (JASP) version 0.17.2.0 was used to implement SEM. The findings of the study were: The effect of board accountability (BAC) on financial performance was found to have a negative effect ( = -0.908), implying that the data failed to support the direct relationship between BAC and FiP, thus not supporting H01, Therefore the study concludes that SACCOS will do less well financially the more stakeholders. The study recommends that the board of directors should be more effective in ensuring that they communicate the decisions clearly and appropriately so that SACCO maximizes shareholders' wealth. SACCO should seek the best strategies for communicating and sharing accountability feedback with SACCO members to generate maximum benefits for everyone
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    Financial Accountability and Service Delivery In Kabale District Uganda.
    (Kabale University, 2024) Biryomumisho, Fadison; Turyasingura, John Bosco; Agaba, Moses; Kabagambe, Jess Davi
    This research was conducted in Kabale District Local Government to examine the effect of financial accountability on service delivery. The predictor variables under study were funds disbursement, auditing process, and record-keeping systems, while service delivery was the outcome variable. The study followed a cross-sectional survey. Data from 86 respondents was collected and analyzed quantitatively, complemented with qualitative analysis. Since descriptive analysis entailed a description of a single variable and its attributes, frequency tables were used to present the data. At the bivariate level, a Pearson correlation matrix was conducted to ascertain the relationships between the predictor variables and the dependent variable. A linear regression model was used to fit the data. Research findings from the regression model show that funds disbursement(R=862), Auditing process (R=656 and records-keeping systems(R=899) have a positive significance on the service delivery of Kabale District local government. The main conclusion drawn from this research is that funds disbursement, auditing process, and record-keeping systems have a significant effect on service delivery. The study therefore recommends that there is a need to put more effort into funds disbursement, auditing process, and record-keeping systems for determinations of making service delivery sustainable at Kabale District Local Government.
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    Micro-Credit Institutions’ Services and Sustainability of Micro, Small and Medium-Scale Enterprises During Covid-19 Pandemic in Kigezi Region, South Western Uganda.
    (Kabale University, 2022) Agaba, Moses; Kaaya, Siraj; Nafiu, Lukman Abiodun
    The study examined the effect of Microcredit institutions' services on the sustainability of micro, small and medium-size enterprises of the Kigezi region, South Western Uganda during the Covid-19 pandemic. The specific objectives were to: determine the effect of loan provision by microcredit institutions on the sustainability of MSMEs; determine the effect of the provision of the saving account by microcredit institutions sustainability of MSMEs, and, investigate the effect of the provision of Managerial skills on the sustainability of MSMEs during Covid-19 pandemic in Kigezi Sub-Region, Uganda. The study was conducted in the Kigezi region of Uganda. The region has six (6) districts namely: Kabale, Kisoro, Kanungu, Rukungiri, Rubanda and Rukiga. The Kigezi region is situated in Southwestern Uganda. It is a very hilly, cold and mountainous region bordering the Republic of Rwanda and the Democratic Republic of Congo. Because of its hills, mountains and cold weather, people call it the Switzerland of Africa. It is full of Agricultural Terraces and is home to the world-famous mountain gorillas. According to the National Census of 2014 and the Uganda Bureau of Statistics (UBOS) Household survey of 2016, the region has a population of about 1.5 million people from the six (6) districts (Kabale, Kanungu, Rukungiri, Rubanda, Rukiga and Kisoro). The sample size was computed using Yamane's sampling formulae (Yamane, 1967) and was based on a 5% level of precision. A cluster sampling procedure was applied to select the enterprises' respondents. Enterprise owners and managers were the units of inquiry due to their importance as custodians of information on all the activities taking place in their respective MSMEs (Rhodes, 2009). The research population was divided into clusters (areas or districts) and the required sample was selected using simple random sampling. The study used an interviewer-administered structured questionnaire to collect the data. The value of CVI obtained was 0.78 while the value of reliability obtained was 0.767, which indicates that the questionnaire items were relevant and suitable for the study. Three hundred and twelve (312) questionnaires were administered while a total of two hundred and ninety-four (294) MSMEs returned the filled questionnaires, giving the return rate as 94.2%. The results indicate that a one-unit increase in Loan Provision would cause about 0.048 unit increase in Sustainability of MSMEs; one-unit increase in Saving Account would produce about 0.125 unit increase in Sustainability of MSMEs, and one-unit increase in Training on Managerial Skills would bring about 0.309 unit increase in Sustainability of MSMEs. This suggests that increases in Loan Provision; Saving Accounts; and Training in Managerial Skills help to increase Sustainability. The study concludes that loan provision by microcredit institutions did not sustain MSMEs during the Covid-19 pandemic in Kigezi Sub-Region Uganda; accessing an adequate amount of credit is an important factor in increasing the development and growth of SMEs; and, increasing Saving accounts and Training on Managerial Skills will increase Micro-credit Institutions’ Serviceability of MSMEs. The researchers recommend the use of sensitization of the clients and the use of other marketing tools. The researchers also recommend Emphasizing training (managerial skills), especially in financial management to support their clients to improve their business performance regularly and most cases should be tailored toward the training needs of the clients
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    The Effect of Board Risk Management on Financial Performance of Selected Saccos in Kiruhura District, Uganda.
    (Kabale University, 2024) Kyabarong, Benon; Agaba, Moses; Munyabonera, Francisis; Byamukama, Eliab Mpora; Kikawa, Cliff; Ahabwe, Oliver
    Corporate risk management and important ideas among Sacco’s in Uganda are board risk management and financial performance. The study's general objective was to determine the effect of board risk management affected the financial results of particular SACCOS in the Kiruhura District. This study used a cross-sectional survey research design using a quantitative research methodology. The sample size consisted of 184 respondents, staff, and members from the six Sacco’s registered in the Kiruhura area of Uganda as of January 2023. A total population of 342 persons was used at a confidence level of 95% or an error of 0.05. Two stages separated the data that was collected for analysis. First, SPSS version 20.0 was used to conduct the preliminary data analysis and descriptive statistics on the respondents. In the second phase, structural equation modeling (SEM) was used to evaluate and investigate the structural relationships between the variables in the proposed conceptual model. These statistics included multicollinearity, mean and standard deviation, outliers and extreme values, and missing data. SEM was implemented using Jaffrey's Amazing Statistical Program (JASP) version 0.17.2.0. The study's conclusions were: The financial performance of savings and credit co-operative societies (Sacco’s) in Uganda was found to be significantly positively impacted by board risk management (BRM) (=1.322**), boosting Ha, The study concludes that SACCOs would experience greater financial gains or better financial performance if they are more stringent about the processes they follow to review their risk profile and the policies they put in place. The study recommends that; Sacco’s risk management committees of the board should be very effective in influencing the corporate risk management practices adopted within the SACCOs and that SACCOs should improve on the levels of BRM to achieve favorable financial results by applying careful attention to governmental regulations, rules and policies.