Acting Chief Executive Officer of the Sacco Societies Regulatory Authority (SASRA), David Sandagi-Photo|Courtesy
SASRA warns of fragile SACCO funding structure as wealthy savers dominate majority deposits
The SACCO Societies Regulatory Authority (SASRA) has raised concerns over the stability of Kenya’s SACCO sector after new data revealed that the bulk of cooperative deposits are concentrated in a small fraction of wealthy accounts, even as millions of low‑value savers continue to join the movement. According to SASRA’s supervisory report, total deposit accounts rose…
