Board Members Educational Levels and Financial Performance of Kyamuhunga Cooperative Societies, Bushenyi, Uganda
Keywords:
Board Members Educational Levels, Financial Performance, cooperatives, UgandaAbstract
This article establishes the correlation between Board members educational levels and financial performance of Kyamuhunga cooperative societies, Bushenyi , Uganda . The research study employed a descriptive research design which was both quantitative and qualitative in nature. A structured questionnaire and an interview schedule were utilised to garner data from the participants. Data were analyzed employing frequencies, percentages, means and item analysis, standard deviation, and Pearson linear correlation coefficient. The findings indicated that there was a positive relationship between board members educational levels and financial performance. It was also showed that board members educational levels contribute to the financial performance of cooperatives in Bushenyi district, western Uganda.. The study recommended that government should make constant supervision of the cooperative societies because the board members sometimes take advantage of the ignorance of the members and defraud. Cooperatives should have board members who have minimum educational level of Diploma for them to be able to easily grasp how things can be run in a financial cooperative organisation. Directors of cooperatives should often organise seminars to equip board managers with knowledge and skills for better management.
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