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The digital wave has welcomed a growing appetite for the traditionally known informal financial structures to develop and upgrade their operations to digital platforms. In Kenya, Savings and Credit Cooperatives have been shifting their operations to more automated platforms for a while now.
The directive from the regulator, Sacco Societies Regulatory Authority (SASRA) further fueled this phenomenon. SASRA had set a June 2021 deadline for all Non Deposit Taking SACCOs to have a Management Information System subject to their registration. Despite the need and the obvious benefits of migrating to a digital platform, the critical question narrows down to choosing the appropriate SACCO Management Solution for your SACCO.
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