SACCO SOCIETIES REGULATORY AUTHORITY (SASRA)

Launch of the 7th Edition of the 2024 FinAccess Household Survey

Earlier this week, the Authority participated in the launch of the 7th edition of the 2024 FinAccess Household Survey. The survey was made possible through a joint collaboration led by the Central Bank of Kenya...

Highlights from the 15th Annual Joint Financial Sector Regulators Forum (JFSR) Boards Retreat 2024

The Joint Financial Sector Regulators Forum (JFSR) concluded its 15th Annual Boards retreat on Friday, November 15, 2024 with the following resolutions that aim to strengthen Kenya's financial ecosystem: Adopt a collaborative framework for testing...

Report Launch: The Role of SACCOs as International Remittance Providers in Kenya

Earlier today, the Sacco Societies Regulatory Authority (SASRA), together with Financial Sector Deepening Kenya (FSD Kenya) and the International Fund for Agricultural Development in East Africa (IFAD), launched a report on the role of SACCOs...

CS Oparanya Releases SACCO Supervision Annual Report 2023

Nairobi, 11th September 2024 – The Cabinet Secretary for the Ministry of Cooperatives, Micro, Small & Medium Enterprises (MSMEs), Hon. FCPA Wycliffe Ambetsa Oparanya, EGH, officially released the SACCO Supervision Annual Report 2023 at an...

SASRA Board Meets CS Oparanya

On Thursday 22nd August 2024, the Authority’s Chairman Hon Jack Ranguma, Board and Management, met with the Cabinet Secretary, Ministry of Co-operatives and Micro, Small & Medium Enterprises (MSMEs) Development Hon. FCPA Wycliffe Ambesta Oparanya,...

Former CS Chelugui inaugurates the newly appointed SASRA Board of Directors

Hon. Simon Chelugui EGH, former Cabinet Secretary Ministry of Cooperatives and MSME Development yesterday presided over the inauguration of the SASRA Board of Directors at the Authority offices in Nairobi. In attendance was Patrick Kilemi,...

THE APPROVED AND REGISTERED AUDITORS LIST FOR THE YEAR 2024

The Approved and Registered Auditors list for the provision of External Auditing Services to Regulated Saccos in Kenya for the year 2024 has been published in line with Section 45(b) of the Sacco Societies Act...

TREE PLANTING EXERCISE IN IVETI FOREST, MACHAKOS COUNTY

On Monday 18th December 2023, the Sacco Societies Regulatory Authority (SASRA) held a tree-planting exercise at Machakos County's Iveti Forest where about 2,700 indigenous species seedlings were planted. This aligns with the Presidential Directive on...

PUBLIC CAUTION AGAINST UNDERTAKING REGULATED SACCO BUSINESS WITH UNAUTHORIZED ENTITIES

Public caution against undertaking regulated SACCO Business with unauthorized entities.

Communique of the 14th Retreat of the Joint Financial Sector Regulators Forum

Communique of the 14th Retreat of the Joint Financial Sector Regulators Forum (JFSRF) that was held in Kwale County on November 17, 2023. The Forum was established in 2009 to collaborate on matters relevant to...

Authority Equips itself with Planning Tools to Implement Bottom-Up Economic Transformation Agenda

The Sacco Societies Regulatory (SASRA) is taking a deeper look at its just drafted fourth cycle Strategic plan. The aim is to align it to the Government’s development plan through Bottom-Up Economic Transformation Agenda (BETA)...

SASRA mounts a Financial Services Public Awareness Campaign in Embu County

The Sacco Societies Regulatory Authority (SASRA) in partnership with Kenya National Commission on Human Rights (KNCHR) mounted a Financial Services Public Awareness Campaign in Embu County from 18th - 22nd Sept, 2023 to create public...

NWDTS Returns Portal

The Authority has developed a portal to be used by NON-Withdrawable Deposit Taking SACCOs. This portal is currently in use and improves the efficiency of SACCO registrations, SACCO return submissions and data analysis. The portal...

Hon. Simon Chelugui, EGH, Cabinet Secretary, Ministry of Co-operatives & Micro, Small and Medium Enterprises (MSMEs) handing over the Certificate of Registration to the Sacco Central Chairman Mr. Evans Kibagendi during the Launch of the...

Peter Njuguna, SASRA Chief Executive Officer addressing a stakeholders meeting during the Sacco Subsector Annual Regulatory Policy Roundtable 2023

SASRA BOARD

SASRA Board Members From Left: Mr. Gerald Nyaoma, Alternate, CBK Governor, Mrs. Roselyne Ragama, Corporation Secretary, Ms. Alice Mwololo, Alternate, PS National Treasury, Mr. Timothy Kihara, Mr. Methuselah Rono, Mr. Peter Njuguna, Chief Executive Officer,...

Signing of the Performance Contracts

On Friday, 8th September 2023, Hon. Simon Kiprono Chelugui, EGH, Former Cabinet Secretary, Ministry of Co-operatives & Micro, Small and Medium Enterprises (MSMEs) spearheaded the signing of the Performance Contracts for the financial year...

SASRA Hosts Uganda Microfinance Regulatory Authority (UMRA)

The Sacco Societies Regulatory Authority (SASRA) CEO, Peter Njuguna hosted the Uganda Microfinance Regulatory Authority (UMRA) Executive Board, CEO, and Management team on a two -day benchmarking visit at SASRA offices in Nairobi. They engaged...

SACCO Supervision Annual Report 2023

The Sacco Societies Regulatory Authority has just released its SACCO Supervision Annual Report for 2023, shedding light on the remarkable performance and activities of regulated SACCOs for the year ending December 31st, 2023. In 2023,...

Government pledges support for the SACCO Central initiative

The CS Cooperatives Mr Simon Chelugui EGH has pledged to support SACCO Central initiative that will create efficiency and enable smaller SACCOs to access the state of the art technology that will include access to...

OUR VISION

A Financially Inclusive, Member Centric and Stable SACCO Industry

OUR MISSION

To regulate, supervise and develop the SACCO industry through promotion of prudent practices to protect member’s interests, enhance access to financial services and foster financial stability

OUR CORE VALUES

Integrity- We act with honesty and promote a culture of trust in the conduct of our business

https://youtu.be/Qr3gb5181o4

Who is SASRA?

The Sacco Societies Regulatory Authority (SASRA) established under the Sacco Societies Act 2008 with the responsibility to license Saccos to undertake Deposit Taking business and to supervise and regulate Sacco Societies. The Authority has currently 176 Deposit Taking Saccos (DTS) and regulates other 185 specified Non-Deposit Taking Saccos (NDTS)

The Sacco And Member Relationship

“A Sacco member in a practical sense finds himself in a dilemma, being the owner, depositor and the borrower. This complexity is best manifested when a Sacco is in financial distress”. Mr. Peter Njuguna, CEO, SASRA.