×
App Icon
The Standard e-Paper
Read Offline Anywhere
★★★★ - on Play Store
Download Now

Sacco regulator probes rapid growth of dormant members

Vocalize Pre-Player Loader

Audio By Vocalize

Acting CEO SASRA David Sandagi, Cooperatives PS Patrick Kilemi and CS Wycliffe Oparanya during the annual statutory report on the operations and performance of the regulated SACCOs in Kenya. [Wilbrforce Okwiri,Standard]

The Sacco Societies Regulatory Authority (Sasra) has launched an investigation into the consistent increase in the number of dormant members over the years, as the figure now inches closer to two million.

While the number of active members and total membership is also increasing, the rate at which dormant members are accumulating is higher, informing Sasra’s intention to investigate the cause.

Premium Article

Get Full Access for Ksh299/Week.

Fact-first reporting that puts you at the heart of the newsroom. Subscribe for full access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Sports
CHAN scandal: Hussein pushed out of Kandanda House after Sh42 million expose
Sports
Omanyala, Thomas, Wanyonyi shine at Kip Keino Classic
Sports
CHAN scandal: FKF President Hussein Mohammed suspended
Volleyball and Handball
So close yet so far as Kenyans fail to break North African dominance