Sacco Societies Regulatory Authority

The SACCO Societies Regulatory Authority (SASRA)[1] is the primary regulatory body charged with licensing Deposit‑Taking Sacco Societies (Savings and Credit Co-operatives Societies) - DT regulation 2010 and authorizing specified Non Deposit taking saccos - NDTS Regulations 2021 in the Republic of Kenya.

Sacco Societies Regulatory Authority
SASRA
Agency overview
FormedJune 18, 2010 (2010 -06-18)
JurisdictionKenya
Agency executives
  • Robert Mungai, Chairman of the Board of Directors
  • Peter Njuguna, Chief Executive Officer
Parent departmentOffice of the Commissioner of Co-operative Development
Parent agencyMinistry of Agriculture, Livestock, Fisheries and Co-operatives
Websitewww.sasra.go.ke

History

The Authority was established as a body corporate in 2010, pursuant to the provisions of the Sacco Societies Act with the primary purpose of streamlining the regulation of SACCOs and Co-operatives in the country under the supervision of the Commissioner of Co-operative Development, an office under the Ministry of Agriculture, Livestock, Fisheries and Co-operatives.[2]

Its mandate is to regulate, supervise and license SACCOs and Co-operatives in the country while receiving levy contributions from the same in accordance with the Sacco Societies Act of 2008.[3]

References
  1. "Sacco Societies Regulatory Authority Website".
  2. "Ministry of Agriculture, Livestock, Fisheries and Co-operatives".
  3. "SSA Act 2018".
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