Licensing
Deposit-taking SACCOs need a SASRA licence.
All regulations
Kenya / Sacco Societies Regulatory Authority (SASRA)
Sacco Societies Act, 2008
The Act and its regulations set up SASRA to license and supervise deposit-taking SACCOs and the larger non-withdrawable deposit-taking SACCOs, including their governance, prudential standards and anti-money-laundering controls.
Who it applies to
Industries
Key requirements
Member due diligence
Identify members, including those who join through mobile and digital channels.
Fit and proper officials
Board members and management must meet SASRA's standards.
Reporting
Submit regular returns to SASRA and suspicious-transaction reports to the FRC.
How Sentinel helps
- Member onboarding with ID checks and liveness.
- KYB for chamas, companies and group members.
- Screening of officials with a review trail for inspections.
General information, not legal advice. Last reviewed October 2026. Requirements change, so confirm the current position with the regulator or your counsel before relying on it.