Leveraging Growth of Savings and Credit Cooperatives Through Innovative Practices-cases From Uganda

Agnes Noelin Nassuna*, Søren Jeppesen, Waswa Balunywa

*Corresponding author for this work

Research output: Contribution to journalJournal articleResearchpeer-review


This paper explores how the growth of selected Savings and Credit Cooperatives (SACCOs) in an African setting was nurtured through innovative practices that enabled them to fulfill their roles.

The paper applies an exploratory qualitative approach using face-to-face interviews and observation to obtain in-depth primary data. Data were then examined using thematic and matrix analyses to understand the key resources, innovative practices and growth strides in the cases studied.

The SACCOs undertook a variety of innovative practices based on resources, which included: creating teams, focusing on community needs, involving top management and all SACCOS’ members and having visionary entrepreneurial leaders. This led to an increase in outreach and savings.

Whereas the concept of innovative practices has been widely studied, there is scanty literature on how such practices within SACCOs are developed based on the resources of SACCOs in Africa. This paper further provides new insights based on empirical data from SACCOs that applied innovative practices and were able to grow.
Original languageEnglish
JournalAfrican Journal of Economic and Management Studies
Number of pages12
Publication statusPublished - 22 May 2024

Bibliographical note

Epub ahead of print. Published online: 22 May 2024.


  • Innovative practices
  • Resources
  • SACCOs
  • Uganda

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