KENYA: SACCO Societies Bill 2007 Released

A new bill addressing savings and credit cooperative societies (November 2007)

This Bill addresses the licensing, regulation, supervision and promotion of savings and credit cooperative societies in Kenya. The following topics are covered:

• The SACCO Societies Regulatory Authority
• Licensing of SACCO Societies
• Governance of Licensed SACCO Societies
• Regulation and Supervision of Licensed Societies
• The Deposit Guarantee Fund