Financial Management and Its Relationship with the Development of the Savings and Credit Cooperative System in Metropolitan Lima during 2024

Abstract

The objective of this study was to determine the relationship between financial management and the development of the savings and credit cooperative system in Metropolitan Lima during 2024. The research was applied in nature, with a quantitative approach, non-experimental design, correlational level, and cross-sectional scope. The population consisted of 40 financial officers, managers, and directors of savings and credit cooperatives, all of whom were included through census sampling. Data were collected using surveys, observation, and documentary analysis. The main instrument was a structured Likert-type questionnaire, complemented by observation forms and documentary records. Statistical analysis included descriptive techniques, the Shapiro-Wilk normality test, and Spearman's rank correlation coefficient. The results showed that financial management was predominantly at a moderate level, with limitations related to internal control, application of the legal framework, and supervisory mechanisms. Meanwhile, the development of the cooperative system received high ratings in the dimensions of organizational growth and social impact, whereas financial sustainability reached a moderate level. A positive and statistically significant relationship was identified between financial management and the development of the cooperative system (Spearman's rho = 0.434; p less than 0.01). Positive associations were also observed with the legal framework (rho = 0.695), internal control (rho = 0.600), and institutional supervision (rho = 0.434). It is concluded that adequate financial management is associated with higher levels of development, sustainability, and transparency in savings and credit cooperatives in Metropolitan Lima.