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Sacco Societies Regulatory Authority

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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

The SACCO Societies Regulatory Authority (SASRA) 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.

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.

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.

References

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

External links

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