Savings and Credit Cooperative Societies (SACCOs)in Kenya

A theo-social justification

Abstract

The article seeks to retrace the historicity of Savings and Credit Cooperative Societies (SACCOs) in Kenya with the view to establishing its theo-social justification. Put it differently, beyond economic development, can we socially justify it? Can SACCOs be justified theologically and philosophically? The initial specific objectives were; to determine the extent to which all stakeholders in society can play a role in promoting ethics and integrity in the management of community based savings and credit cooperative societies without the feeling that it belongs to ‘other’ people in economic circles, to assess the extent to which ecclesiastical institutions can invest in community based savings and credit cooperative societies, and to investigate its historicity in order to inform the future studies and researches in this area. The findings in this article will be essential in making a theo-social justification for future reference. The researcher validated the research instrument by having the research supervisor go through the questions to identify whether they had construct, content validity and face validity.