The Effect of Financial Innovation on the Growth and Performance of Saccos in Embu County
Abstract
In the current modern world financial innovation has since shown a significant influence on the
growth and performance of SACCOS in the whole globe. The impact caused by financial
innovation can either be positive or negative on the other hand. Financial innovation has therefore
been portrayed in a number of ways such as the adoption of financial technology(fintechs),
emergence of new financial services such the Insurance covers etc. This research was therefore
geared towards revealing the effects of financial innovation on the growth and performance of
SACCOS in Embu County. The research study used secondary data collected from various annual
reports of these SACCOS, journals and also the internet to help compare the past data of the
SACCOS in the past five years and be able to establish the impact and also to help determine the
various areas that have received little or no attention and thus be able come up with stringent
measures to improve on them.
The study recommended that proper awareness and sensitization need to be effectively carried out
because the implementation of the current financial technology seem to be difficult for some of
the customers and those willing to join these Sacco’s. Once this is done the Sacco’s will
experience a large number of the active customers and thus improve the performance which
enhances growth
Collections
- Department of Business [102]