SASRA is the state regulator for Saccos in Kenya. Its mission, in its own words, is to regulate, supervise and develop the Sacco industry to protect members’ interests, enhance access to financial services and foster financial stability.
SASRA’s functions (mandate under the Act)
- License Sacco societies to carry out deposit-taking business under the Sacco Societies Act, No. 14 of 2008.
- Regulate and supervise Sacco societies.
- Hold, manage and apply the General Fund of the Authority under the Act.
- Levy contributions under the Act.
- Do such other things as may be lawfully directed by the Minister.
- Perform other functions conferred by the Act or any other written law.
What this means for members
Only Saccos licensed (deposit-taking) or authorised (non-withdrawable deposit-taking) by SASRA fall under its supervision. Check whether your Sacco is on SASRA’s published lists before depositing – see our SASRA licensed Saccos list.
Contacts
SASRA lists +254 (20) 2935101, info@sasra.go.ke and UAP Old Mutual Tower, 19th Floor, Upper Hill Road, Nairobi.
Frequently asked questions
What does SASRA do?
It licenses deposit-taking Saccos and regulates and supervises Sacco societies, among other functions under the Sacco Societies Act, 2008.
Under which law does SASRA operate?
The Sacco Societies Act, No. 14 of 2008.
Related: SASRA licensed Saccos list · Saccos
