Agency Name: | Sacco Societies Regulatory Authority |
Nativename R: | SASRA |
Jurisdiction: | Kenya |
Chief1 Name: | Robert Mungai |
Chief1 Position: | Chairman of the Board of Directors |
Chief2 Name: | Peter Njuguna |
Chief2 Position: | Chief Executive Officer |
Parent Department: | Office of the Commissioner of Co-operative Development |
Parent Agency: | Ministry of Agriculture, Livestock, Fisheries and Co-operatives |
The SACCO Societies Regulatory Authority (SASRA)[1] is the primary regulatory body charged with licensing DepositTaking 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.
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]