Saccos (Savings and Credit Cooperative Societies) are a cornerstone of financial inclusion in Kenya. However, their success depends heavily on robust legal governance.

SASRA Regulations

The Sacco Societies Regulatory Authority (SASRA) provides the framework for licensing and supervising deposit-taking Saccos. Compliance with capital adequacy and liquidity ratios is mandatory.

Governance structures must include a Board of Directors and a Supervisory Committee, with clear separation of duties to prevent conflicts of interest.

Recent amendments have also brought non-deposit taking Saccos under SASRA's oversight, requiring them to register and comply with specific disclosure rules.