Teacher-based cooperative societies affiliated with Kenya Teachers Sacco Association (KETSA) have been urged to ensure strict compliance with the law and other regulatory frameworks governing the sector.
Principal Secretary for Cooperatives Patrick Kilemi emphasized on the importance of adhering to the regulations set by the Sacco Societies Regulatory Authority to ensure continued growth and success.
He commended these societies for their efforts in improving the lives of their members.
“Teacher-owned Saccos are among the best-managed Saccos in the country, not only benefiting teachers but also providing the general public with access to affordable credit facilities,” Kilemi highlighted.
Speaking during the KETSA conference, the PS encouraged Sacco leaders to establish a peer-to-peer review mechanism and foster partnerships to replicate success stories nationwide.
The PS emphasized the transformative role of Saccos in the socio-economic development of the country.
Established in 2007 and registered in 2011 under Cap 108 of the laws of Kenya, KETSA serves as a collaborative platform for sharing knowledge and addressing common operational challenges while also advocating for the interests and concerns of its member Saccos.
By Amos Kerich
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