The Kenya Union of Savings & Credit Co-operatives Ltd (KUSCCO) plays a representative role as the support pillar to SACCOs in the country.
KUSCCO addresses the needs, concerns and challenges facing SACCOs regarding legal matters and business requirements.
Key areas of engagement include where there is:
1. Punitive legislative instruments and provisions;
2. Unfair taxation;
3. Deduction codes;
4. Single business permit fees;
5. Delayed or non-remittance of SACCO dues;
6. Bank agency contracts;
7. Unfair competition by other financial institutions in the market;
8. Unjustified levies on SACCOs’ and members’ funds.
Kenya Union of Savings & Credit Co-operatives Ltd (KUSCCO) is the body for all the SACCOs in Kenya.
The union is mandated and advocates for all SACCOs in Kenya.
The SACCO Societies Regulatory Authority (SASRA) is the government’s principal agency responsible for the supervision and regulation of SACCO Societies in Kenya.
It is established pursuant to the provisions the Sacco Societies Act, No.14 of 2008. The Authority’s principal responsibility is to license SACCO Societies to undertake Deposit Taking Business in Kenya (FOSA) and to Supervise and regulate both Deposit Taking and Specified Non -Deposit Taking SACCO Societies.
The Authority falls within the State Department of Cooperatives under the Ministry of Cooperatives and Micro, Small and Medium Enterprise (MSME) Development.
The SACCO Societies Regulatory Authority (SASRA) is the body that regulates Smart Savers.
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