Nairobi, July 26 -- Kenya's savings and credit cooperative (sacco) sector remains one of the country's greatest financial inclusion success stories. For decades, saccos have enabled millions of Kenyans to save, access affordable credit, educate their children, invest in businesses and improve their livelihoods.

Today, regulated saccos serve approximately 7.4 million members, with assets exceeding Sh1.2 trillion, leveraging on over Sh870 billion in member deposits, making it a critical pillar of Kenya's financial system and economic development.

As the prudential regulator, the Sacco Societies Regulatory Authority (SASRA) has a statutory responsibility to safeguard members' deposits, preserve financial stability and promote a safe, sound...