Kenya sacco regulator seeks more powers to save troubled societies

Peter Njuguna

Sacco Societies Regulatory Authority (Sasra) CEO Peter Njuguna.

Photo credit: File | Nation Media Group

Kenya’s national regulator for saccos is seeking more powers to tame the trend of troubled credit and savings organisations going bust without recourse.

The Sacco Societies Regulatory Authority (SASRA) is reacting to a number of credit and savings organisations who have recently fallen into trouble over bad lending habits.