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Originally published by Nation Businessbusiness
July 10, 2026
13h ago
Saccos Bill: What members stand to gain, changes MPs want enacted
The Bill proposes to retain a Sh100,000 compensation limit for Sacco members whose institutions collapse...
✨ Key Highlights
The Sacco Societies (Amendment) Bill, 2025, is currently under consideration in the National Assembly, aiming to strengthen the regulatory framework for Saccos and protect members' savings.
- A key provision is the operationalization of the Deposit Guarantee Fund, which would allow members to claim protected deposits if a Sacco's license is revoked.
- The proposed compensation limit for members remains at Sh100,000, a figure that has drawn criticism from some MPs concerned about members with larger savings.
- SASRA CEO David Sandagi defended the Bill, citing the need to improve transparency, supervision, and reduce technology costs for smaller Saccos, with about 92% of deposit accounts holding Sh100,000 or less.
- The Bill also seeks to address challenges like unregulated entities, pyramid schemes, and the investment of deposits in high-risk ventures.
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