Managerial Competence and Financial Performance of Mushanga Cooperative Savings Credit Society Ltd in Sheema District

Abstract

The study investigated the relationship between managerial competencies and financial performance at Mushanga Sacco in Kibingo Town Council, Western Uganda. The study was induced by the managerial in competencies experienced in the Sacco leading to low performance. This study thus aimed at enhancing the understanding of the impact of managerial competencies on financial performance at the Sacco. Objectives of the study were to examine the relationship between skills and financial performance of Mushanga Sacco, to examine the relationship between knowledge and financial performance of Mushanga Sacco, to examine the relationship between attitude and financial performance of Mushanga Sacco. Data was collected using a Questionnaire and an interview guide. The study revealed a moderate positive correlation between skills and financial performance. It also revealed a moderate positive correlation between knowledge and financial performance. The study revealed a moderate positive correlation between attitude and financial performance. The study concluded that there is a strong relationship between employee skills and financial performance. It also concluded that knowledgeable workers should be employed especially in the top level management. Again the study concluded that attitudes of workers improve financial performance. The study recommended that employee skills are needed in financial performance in the Sacco. The study recommended that employee skills are needed in financial performance in the Sacco. It also recommended that employees should be provided with relevant information and manuals in order to improve on the knowledge. Again the study recommended that employees should improve on the skills in order enhance financial performance in the Sacco