The Saccos Society Regulatory Authority (SASRA) has announced 10 mandatory requirements for Deposit-Taking Savings and Credit Cooperative Organisations (SACCOSs) seeking to renew their operating licenses for 2026. This comes ahead of the September 30 deadline for applications.

• SACCOSs must provide the proposed name of their Chief Executive Officer and 3 years’ of audited accounts.
• Key requirements include obtaining application and fit-and-proper test forms for board members and senior management, a certified copy of the registration certificate, and proof of adequate capital.
• Applications incur a fee of Ksh3,000, payable via deposit slip or banker's draft.