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How effective external audit can improve Sacco governance and performance

Sacco ReviewFebruary 20, 2024February 20, 202407 mins

Savings and Credit Cooperative Societies (Sacco) external Annual Audits are a standard practice undertaken by all Saccos in Kenya whether Deposit Taking or Non-Deposit Taking. This routine has gone on for a long time but in most cases, External Audit has not yielded the necessary and much anticipated benefits to various Saccos. Good external audit…

Stima Sacco: Africa’s Second Largest Sacco

Sacco ReviewJuly 5, 2022July 5, 202207 mins

By Azael Masese Stima Deposit Taking (DT) Sacco exhibits all the attributes and performance indicators of a successful institution. Ranked the second wealthiest Society by the Sacco Societies Regulatory Authority (SASRA), their end year performances have remained mouth-watering. As of 31st December 2021, the Society’s asset base, turnover, loan book and balance sheet had grown by…