International Journal of Academic Pedagogical Research (IJAPR)
  Year: 2022 | Volume: 6 | Issue: 9 | Page No.: 116-119
Contribution of Cash Management practices on Performance of Ankole Farmers Savings and Credit Cooperative Organization Rubindi Branch-Mbarara District Download PDF
Akankwasa Alex, Akakikunda Teddy, Ntirandekura Moses, Masiko Caroline Murezi, Nyesigire Jolly

Abstract:
This research carried out was about Cash Management and Performance of Ankole Farmers Savings and Credit Cooperative Organization Rubindi Branch. The objectives of the research included: to analyze the factors affecting cash Management in Rubindi Savings and Credit Cooperative Organization, to examine the challenges facing the organization and to find out the effect of cash management on the financial performance of the Sacco. The study used questionnaire and interview as the methods for data collection. The study also established that cash management practices increases flexibility and competitive advantage of an Organization, enabling it to take cash discounts. The findings showed that Cash management practices help Sacco's to survive in uncertain environments and also influences forecasting the financial performance of these organizations. The managers of Savings and Credit Cooperative Organizations need to introduce better policies about the cash management practices with the aim of boosting their liquidity and sustainability. The study recommended that; introduce cash ratios, increase deposits, recruitment of competent staff, maintain liquidity and also adopt a capital structure policy with the aim of facilitating decision making and overall performance of the Savings and Credit Cooperative Organizations. The employees can facilitated farther training in customer care management, loan appraisal, monitoring and assessment and also financial management so as to assist the Savings and Credit Cooperative Organizations to realize their goals and objectives.