Capital Adequacy For Deposit Taking SACCOs
The SACCO Societies Act 2008 and the Regulations thereunder defines capital and provides the minimum capital required for a SACCO Societies in the deposit taking Sacco business.
The Sacco Societies Regulatory Authority (SASRA) is empowered to license, regulate and supervise deposit taking Sacco Societies under the Sacco Societies Act 2008 (the Act), and the Regulations issued there under.
The Sacco Subsector
The Sacco sub sector comprises both Deposit Taking and non-Deposit Taking Saccos. Deposit Taking Saccos (DT Saccos) are licensed and regulated by SASRA while non-Deposit Taking Saccos are supervised by the Commissioner for Co-operatives.