The Sacco Societies Regulatory Authority has just released The SACCO Supervision Annual Report, 2022 which highlights the activities, performance and operations of Regulated SACCOs for the period ended 31st December 2022.During the year, there were a total of 359-Regulated saccos, made up of 176-Deposit-Taking saccos dt-saccos and 183-Non-Withdrawable Deposit Taking SACCOs NWDT-SACCOs.
The total membership among the Regulated SACCOs increased by 7.02% to reach 6.42 million members in 2022 compared to a membership base of 5.99 million in 2021. Their total assets increased by 10.31% to reach Kshs 890.31 Billion in 2022; while the total deposits mobilized grew by 9.84% to reach Kshs 620.45 Billion over the same period. The Regulated saccos had issued loans and other credit advances amounting to Kshs 680.35 Billion in 2022 representing an increase of 11.76%.