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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….

SACCOs thriving today, but are they ready for tomorrow?

Sacco ReviewOctober 7, 2025012 mins

Savings and Credit Cooperative Organizations (SACCOs) have long been heralded as engines of financial empowerment, particularly in underserved and emerging markets. They provide a lifeline for millions by offering affordable credit, encouraging savings, and promoting economic inclusion. Yet, like any other financial or corporate institution, SACCOs are not immune to the inherent cycles of growth,…

Why SACCOs are the best avenues for retirement investment plans

Sacco ReviewOctober 7, 2025October 7, 2025010 mins

Saving for retirement is one of the most important financial decisions individuals need to make during their working lives. It is essential to ensure financial security and peace of mind in one’s later years. However, many people struggle with planning for retirement due to limited access to pension schemes, financial illiteracy, or inadequate income. Savings…

Unpacking SASRA Supervision Report 2024: A sector in resilient expansion

Sacco ReviewOctober 7, 2025010 mins

In the intricate landscape of Kenya’s financial ecosystem, the Sacco Societies Regulatory Authority (SASRA) Supervision Report 2024 emerges as a pivotal barometer of the cooperative banking sector’s vitality. Released on September 25, 2025, by Cabinet Secretary for Cooperatives and MSMEs Wycliffe Oparanya, this annual statutory document—mandated under Section 22 of the Sacco Societies Act—chronicles the…

Mwalimu SACCO expands revenue bowl as harsh economy bites

Sacco ReviewOctober 7, 202507 mins

Savings and Credit Co-operative Societies (SACCO) are busy redesigning their financial products, policies and strategies so as to compensate for low loan disbursements as a tough economy erodes household incomes and thrown many out of jobs. For players like Mwalimu National SACCO, the plan is to generate Non-funded income, away from its core activity of…

SACCOs overtake banks in affordable loans amid overstretched liquidity

Sacco ReviewOctober 3, 202504 mins

Kenya’s deposit-taking Saccos have overtaken banks in the affordable loans issuance even though its resources remain overstretched. According to Sacco Societies Regulatory Authority, (SASRA), loans issued to members surpassed deposits by Ksh92.2 billion in 2024, the highest on record. The trend demonstrates the growing reliance on co-operatives for affordable borrowing in a climate of high…

SACCOs in Kenya report surge in transaction value

Sacco ReviewOctober 1, 202506 mins

Kenya’s Savings and Credit Cooperative Societies (SACCOs) have recorded a significant increase in the value of transactions processed through their agent networks in 2024, even as the total number of transactions saw a slight decline, according to the latest industry data. The volume of transactions handled by SACCO agents rose to Ksh31.65 billion in 2024,…

35 SACCOs risk sanctions as SASRA heightens Anti-Money Laundering crackdown

Sacco ReviewSeptember 30, 202503 mins

Thirty-five savings and credit cooperatives (SACCOs) are staring at possible sanctions after failing to register with the Financial Reporting Centre (FRC) as required under new anti-money laundering regulations. This was revealed by SASRA adding that the stated saccos had not fully registered as reporting institutions mainly on the grounds that they had submitted incomplete applications,…