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Website. www .sasra .go .ke. The SACCO Societies Regulatory Authority (SASRA) [ 1] is the primary regulatory body charged with licensing Deposit‑Taking Sacco Societies ( S avings and C redit Co- operatives Societies) - DT regulation 2010 and authorizing specified Non Deposit taking saccos - NDTS Regulations 2021 in the Republic of Kenya.
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The society was established in 1974, with the objective of mobilizing savings from its members and providing loans to members, using those resources. [ 7 ] [ 8 ] In 2013, Joshua Ojall, the society CEO at the time, announced plans to build up to 100 housing units in the outskirts of Nairobi , the capital and largest city in Kenya and East Africa .
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Banking. A credit union is a member-owned nonprofit cooperative financial institution. They may offer financial services equivalent to those of commercial banks, such as share accounts (savings accounts), share draft accounts (cheque accounts), credit cards, credit, share term certificates (certificates of deposit), and online banking.