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SASRA licenses more SACCOs to operate in Kenya to boost Cooperative sector

Sacco ReviewOctober 28, 202503 mins

The Sacco Societies Regulatory Authority (SASRA) has given the nod to more savings and credit cooperative organizations (SACCOs) to operate in Kenya, signaling continued growth in the country’s cooperative financial sector. According to Kenya Gazette Notice No. 15383 published on October 24, SASRA authorized additional SACCOs to engage in both deposit-taking and specified non-deposit-taking business…

Trans Nzoia SACCOs to benefit from FAO supported climate project

Sacco ReviewOctober 23, 202503 mins

Savings and Credit Cooperative Societies (SACCOs) and farmer groups across 20 wards in Trans Nzoia County are set to benefit from a five-year environmental initiative aimed at promoting low-carbon agricultural activities. The initiative, known as TUNZA, is supported by the Food and Agriculture Organization (FAO) and seeks to rehabilitate degraded areas such as open quarries and eroded lands….

SASRA: SACCOs are reluctant to use credit scores in loan appraisals

Sacco ReviewOctober 20, 2025010 mins

The Sacco Societies Regulatory Authority (SASRA) has expressed concerns that while credit scoring has immense value, SACCOs has been slow to adopt credit referencing fully, creating gaps in credit decision-making. The regulator also points to challenges in implementing effective credit-scoring systems, which have hampered responsible lending and long-term financial stability. But a section of top…

How small Saccos can survive bumpy financial terrain

Sacco ReviewOctober 15, 202506 mins

When a monumental financial scandal rocked the Kenya Union of Savings and Credit Co-operatives (Kuscco), perhaps the hardest hit by the financial losses were Small-Tiered Regulated SACCOs that had looked upon Kuscco as the proverbial hen’s wing under which the small chicks could hide. Most of the small Saccos had put up at least Ksh22…

Farmers’ Saccos experienced growth despite tough economic times; SASRA says

Sacco ReviewOctober 15, 202507 mins

Farmers’ Saccos have recorded a tremendous growth in membership and liquidity despite the tough economic times which has affected other saccos. According to the Sacco Supervisory Report 2024 by the Sacco Societies Regulatory Authority (SASRA), agriculture based Regulated Saccos continued to have the highest proportion of membership at about 41% of all members representing 3…

Why Education for members is key to co-operatives transformation

Sacco ReviewOctober 11, 2025October 11, 202509 mins

In discharging their mandate in line with the fifth co-operatives principle as published by the International Co-operative Alliance, co-operative institutions all over the world take the initiative of providing education and training for their members, elected representatives, managers and employees to enhance their capacity to effectively contribute to the development of their co-operative organizations. That…

Empowering Sacco staff through training: Turning the Fifth Cooperative Principle into practice

Sacco ReviewOctober 10, 2025011 mins

Among the seven principles of cooperatives, principle number five talks about Education training and information to members and general public. It encourages that member, stakeholders and the public need to be taught, trained and given information on the operations of the cooperatives. This principle has been adopted and exercised in almost all cooperatives over a…

SASRA sounds alarm over fake Saccos masquerading as genuine cooperatives

Sacco ReviewOctober 10, 2025011 mins

Sacco Societies Regulatory Authority (SASRA) has raised concern over the rise of unregulated, pyramid‑style entities masquerading as SACCOs, endangering the trust and work of the well-structured cooperatives. The SASRA said many, regulated SACCOs are safe havens: institutions that allow employees, informal sector workers, farmers, and diaspora Kenyans to pool savings, access loans, and build wealth,…

SASRA hosts Nigerian delegation to strengthen Sacco sector ties

Sacco ReviewOctober 9, 202507 mins

The Sacco Societies Regulatory Authority (SASRA) welcomed a high-level delegation from Nigeria recently, in a landmark event that underscored the growing collaboration between two of Africa’s economic powerhouses in the cooperative sector. Led by Senator Dr. Aliyu Sabi Abdullahi, CON, and Nigeria’s Minister of State for the Federal Ministry of Agriculture and Food Security, the…

SACCOs face liquidity constrain as employers withhold over Ksh 3B in non-remittances

Sacco ReviewOctober 9, 2025October 9, 202505 mins

Saccos are grappling with liquidity constrain as employers withhold over Ksh3 billion in non-remittances, the issue which has led to heavy loan defaults among employees. The heavy loan defaults have put the Saccos in a state of dilemma of whether to retain or abandon the check-off system for loan and savings deductions to remain stable….