SASRA authorisation checker

Review the three factors for a non-deposit-taking SACCO in Kenya.

Kenya · No sign-up · Calculated in your browser

Answer all three questions using your SACCO’s records. Choose “Not sure” where you need to check.

1. Non-withdrawable deposits

Total deposits (KES)

Trigger: KES 100 million or more.

2. Digital mobilisation

Do you mobilise membership or share capital through digital or electronic payment platforms?

NoYesNot sure

3. Members outside Kenya

Do you mobilise membership or share capital from people ordinarily resident outside Kenya?

NoYesNot sure

This tool is an illustration calculated in your browser; nothing you enter is sent or stored. Your group’s own rules, your loan agreement and your regulator decide the real figures. SenteRail is software, not a lender, bank or adviser.

The three triggers

Under the Sacco Societies (Non-Deposit-Taking Business) Regulations, 2020, a non-deposit-taking SACCO carries on specified business when members’ non-withdrawable deposits equal or exceed KES 100 million, when it mobilises membership and share-capital subscription through digital or other electronic payment platforms, or when it does so from persons ordinarily resident outside Kenya.

Carrying on specified business needs SASRA’s written authorisation. Meeting any one trigger is enough; the three do not have to apply together.

What this checker does not do

It is a comparison of your answers with published triggers, not a legal opinion and not a SASRA determination. How your accounts classify non-withdrawable deposits, and how SASRA reads the digital and overseas triggers for your model, are questions to settle with your auditor, Kenya-qualified counsel or SASRA.

Source

Sacco Societies (Non-Deposit-Taking Business) Regulations, 2020, Kenya Law

Questions about the three triggers

A summary of the published regulation, not legal advice.

Is this a licensing or authorisation decision?

No. It compares your answers with the three triggers in regulation 4 of the Sacco Societies (Non-Deposit-Taking Business) Regulations, 2020. Only SASRA decides whether authorisation is needed or granted.

What figure do I enter for non-withdrawable deposits?

Use the total non-withdrawable deposits shown in your latest accounts. If you are unsure how your accounts classify a balance, confirm it with your auditor or SASRA before relying on the result.

We are already a deposit-taking SACCO. Does this apply?

This checker is for non-deposit-taking SACCOs. A deposit-taking SACCO is already within SASRA’s licensing regime, so these triggers are not the question for it.

Is anything I enter stored?

No. The comparison runs in your browser and nothing is sent or saved.

Run this on one shared record

SenteRail is the Back Office for officials and the Member App for members. Register your group, or read how it fits yours.