| dc.description.abstract | The SACCO regulatory Authority (SASRA) was established by the act of government in 2008
under the SACCO Societies Act of 2008 and came into effect in September 2009. The authority is
mandated with the following mandate: License SACCO Societies to carry out deposit taking
business; Regulate and supervise deposit taking SACCO Societies; Manage the Deposit Guarantee
Fund under the trustees appointed under the Act; Advise the Minister on national policy on deposit
taking SACCO Societies in Kenya.
The aim of this study was to look at the impact SASRA has had on Sacco performance since its
inception. The study was conducted on the 50 deposit taking Saccos in Nairobi. Data was collected
from primary source on structured questionnaires as well as secondary sources. In administering
the research instruments, the researcher used self administered survey by use of mails and drops
and pick letters.
Based on this study, it can be concluded that, SASRA has greatly impacted on the Sacco
performance in terms of outreach and sustainability and performance of SACCOs in Kenya. Most
Saccos reported recent improvement in their performance both in membership, portfolio and loan
cycle and general efficiency. Even though this was attributed to a number of factors ranging from
increased membership, high efficiency, high demand and quick recoveries, one can easily attribute
this to be as a result of SASRA regulatory framework. Most Saccos were complying with the
regulator so as not to be locked out of business by the operator. It was also clear from the study
that all SACCOs are conversant with the contents of the proposed SASRA guidelines | en |
