SACCO SOCIETIES REGULATORY AUTHORITY (SASRA)

Legal Mandate

The mandate of the Authority as provided by the Act includes the following:

1. Licence Sacco societies to carry out deposit-taking business in accordance with this Act;
2. Regulate and supervise Sacco societies;
3. Hold, manage and apply the General Fund of the Authority in accordance with the provisions of this Act;
4. Levy contributions in accordance with this Act;
5. Do all such other things as may be lawfully directed by the Minister; and
6. Perform such other functions as are conferred on it by this Act or by any other written law