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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
Vision 2030