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aries or some other sources of income. The system usually referred to as check-off system, enables members savings or loan repayments to be deducted by the employer at source. It is more or less a 'forced' saving. However it enables members to form the saving habit from which loan could be obtained.

Masaku traders SACCO does not have a common bond because individual members agree to contribute a certain amount towards shares. Whenever a loan is given, the concerned loanee enters into an agreement with the society on the modalities of the loan repayments, including use of guarantors and collateral.

According to Sambu (2006), non-remittance or delayed remittance of cooperative dues has led to inconveniences and loss of income by societies. By October 2005 he noted that over Kshs. 4 billion was being held by employers. However the new law provides for stiff penalties for errant employers. He further said that KUSCCO was lobbying for the SACCO Act which will enforce prudential standards and enhance safety of members' funds. The SACCO act if enacted should also improve on the controls over payments of monies to societies by members who are not under one employer, like the societies whose members are traders.

According to Njihia(2005) there is a positive relationship between the non-remittance of members' salary reductions, and the performance of the cooperative societies.

A legal battle looms as the government prepares to sue more than 150 employers who are withholding more than Kshs. 5 billion in members' contributions to their cooperative societies (KUSCCO 2005)

2.3 Summary of gaps to be filled by the study

According to KUSCCO, (2000) cooperative societies in Kenya vary in size. The size of an enterprise is especially important in its economic aspects. One of the problem in every cooperative society is to reach a size which allows the economic effects or cooperation to gain their full advantage. The disadvantage of small scale cooperatives are that their unfavourable cost structure limits their ability and competitiveness such that they cannot afford qualified staff and the specialized equipment necessary to a high standard of service, that they have difficulties in gaining the access to credit and that they are restricted in their advertising techniques.

Further research should be undertaken to establish whether the factors determining the performance of SACCOs affect the big SACCOs and the small SACCOs equally. It should also be found out whether the factors impact the same on urban, semi- urban and rural SACCOs. For societies which operate under a check-off system, all the members are known to each other. In society where there is no check-off system, Like Masaku traders SACCO, not all members are known to each other. This has an impact when it comes to electing committee members. This research seeks to establish among others, the impact of long term investments, check-off system, the effect on the calibre of committee to be elected and their management practices and Education and training. The research also seeks to establish why, despite p本论文由英语论文网提供整理，提供论文代写，英语论文代写，代写论文，代写英语论文，代写留学生论文，代写英文论文，留学生论文代写相关核心关键词搜索。