Abstract:
Saving and Credit Cooperative Societies (SACCOs) ar
e seen as vehicles for resources
mobilization and gateways to economic prosperity fo
r families especially those in lower and
middle income category. These enterprises handle la
rge sums of member funds in the form of
deposits, shares ad interest. The management of SAC
CO funds is as such a topical issue in the
cooperative movement and among policy makers. This
study explored the cash management
approaches in SACCOs given that cash management is
considered a core ingredient for any
business survival. The population consisted of 143
SACCOs in Nakuru County. A sample of 38
SACCOs was selected through stratified random sampl
ing. The study’s findings indicate that
though a majority of SACCOs were conscious about th
e need to manage their cash balances very
few had policies on cash balance management. SACCOs
were found to manage cash in a
haphazard manner and no one cash management model w
as found to be used entirely. The study
concluded that there was no significant difference
in the cash management approaches used by
the employee based and association based SACCOs
