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The Sacco sub sector comprises both Deposit Taking and non-Deposit Taking Saccos. Deposit Taking Saccos (DT Saccos) are licensed and regulated by SASRA while non-Deposit Taking Saccos are supervised by the Commissioner for Co-operatives. SASRA licenses Saccos that have been duly registered under the Cooperative Societies Act CAP 490.

The total assets of the DT-SACCO system grew in aggregate by 13.7% to stand at Kshs 342.84 Billion in 2015 from Kshs 301.53 Billion recorded in 2014; with the gross loans growing by 13% from Kshs 228.52 Billion in 2014 to stand at Kshs 258.18 Billion in 2015. The net loans and advances however grew by 9.9% to Kshs 251.08 Billion from Kshs 228.52 Billion over the same period. There was also recorded an aggregate decrease in the allowance for loan losses by 22.9% to stand at Kshs 7.1 Billion from the previous years’ Kshs 9.2 Billion.

On the other hand, the total deposits grew by 15.3% to Kshs 237.44 Billion in 2015 from Kshs 205.97 Billion registered in 2014; while the aggregate core capital and capital reserves also registered relative growth compared to the previous years.

A total of 181 DT-SACCOs were licensed to undertake deposit-taking Sacco business during the year 2015 in accordance with the Sacco Societies Act. The full list of the DT-SACCO Societies was published by the Authority in the Kenya Gazette No. 447, Issue No. Vol. CXVII-No.7 dated 23rd January 2015 and further in the local daily newspapers and the Authority’s website for public information.

Five (5) of the DT-SACCOs were licensed to operate on a six (6) months renewable conditional and restricted licenses during the entire period of 2015, and their status as at December 2015.

Clustering of DT-SACCOs based on original common-bonds.

Original common-bond

Total Assets-(Kshs Millions)

Percentage

Total Deposits-(Kshs Millions)

Percentage

Net Loans-(Kshs Millions)

Percentage

Members '000'

Percentage

Government-based

133,390

38.9%

95,338

40.2%

102,361

40.8%

467

14.8%

Teachers-based

115,591

33.7%

77,632

32.7%

83,444

33.2%

607

19.3%

Farmer-based

46,736

13.6%

29,492

12.4%

29,390

11.7%

1,658

52.7%

Private-based

38,780

11.3%

28,825

12.1%

29,067

11.6%

204

6.5%

Community-based

8,351

2.4%

6,152

2.6%

6,817

2.7%

209

6.7%

Total

342,848

 

237,440

 

251,080

 

3,146

 

Source: SASRA Database 2015

For more details download a copy of the Sacco Supervision report via this link

 

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