Non Deposit Taking SACCOs Archives

How to choose a Sacco in Kenya: Why Saccos are better than banks: How to register a Sacco in Kenya: to choose the right SACCO: Deposit-Taking vs. Non-Deposit Taking SACCOs: Non-Deposit Taking SACCOs

Application requirements for authorization of Non-Deposit taking SACCOs

Andrew Walyaula
April 30, 2024
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In the landscape of financial institutions, Non-Deposit Taking SACCOs (NDT-SACCOs) occupy a unique position, mobilizing savings from their members and utilizing them strictly as collateral for credit facilities. Unlike Deposit Taking SACCOs, members of NDT-SACCOs do not hold accounts for deposit or withdrawal purposes, and their savings are not withdrawable unless the member exits the […]

SASRA Shuts Down Two SACCOs Over Non-Compliance

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Is your Sacco regulated? SASRA warns Kenyans against saving their money in institutions blindly

Sacco Trend
April 10, 2024
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Sacco Society Regulatory Authority (SASRA) has cautioned Kenyans against unregulated SACCOs operating in the country. There are over 300 Deposit Taking (DT) and Non-Deposit Taking (NDT) SACCOs licensed by SASRA to operate in Kenya. SACCOs licensed to operate in Kenya The regulator listed 176 DT SACCOs approved to operate in Kenya for the period between […]

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Application requirements for authorization of Non-Deposit taking SACCOs

Is your Sacco regulated? SASRA warns Kenyans against saving their money in institutions blindly