By Daniel Liyayi
Sacco Societies Regulatory Authority (SASRA) has warned that continued absence of deposit insurance facility and access to the national payment systems may stifle growth of the Sacco movement.
SASRA Director Sammy Ruto said that despite the sector’s total assets having increased by 12.4 per cent to reach Sh442.27 billion in 2017, the momentum may not be sustained in the medium to long term if the two issues are not resolved. He says that investors require a compensation framework to depositors in case of failures, just as is with banks, if they are to keep investing their money in Saccos… get your copy now on our website or your nearest vendor.
