SASRA - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

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…

Saccos must meet new rules June deadline

Sacco ReviewJune 22, 2021June 22, 202106 mins

By Malachi Motano The Sacco Societies Regulatory Authority (Sasra) says Non-Deposit-Taking Business (NDTB must meet the new Sacco Societies regulations before the 2020June 30, 2021 deadline. The Sasra acting Chief Executive Officer Peter Njuguna ruled out any extension, warning that non-compliant Saccos will be black listed. “We have warned members of the public against dealing with…