Sacco Regulatory Authority to introduce SACCOs information sharing mechanism

189 views · Published 22 November 2017 · 2:50 · Indexed 20 September 2026

Channel: KBC Channel 1 · 2017 · News & Politics

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The Sacco Societies Regulatory Authority plans to introduce  a SACCOs information sharing mechanism that will help nab perennial loan defaulters who move from one Sacco to another leaving debts in their wake. SASRA CEO John Mwaka notes that they are currently building the institutional capital capacity of SACCOs after more than 100 deposit-taking savings and credit co-operatives failed to meet the mandatory capital ratio requirement last year.
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