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Download the books of account for the year 2020

Following the gazettement of The SACCO Societies (Non-deposit taking business), Regulations, 2020, to start regulation on Non-deposit taking SACCOs with an asset base above 100M,  good governance practices have been re-stated, placing a heavy responsibility on elected Boards of Management. Board Members are required to exercise prudence and diligence and shall not carry out SACCO

Dear member , Utabibu SACCO is now regulated by  SASRA an umbrella body under the Ministry of Cooperative, there is a requirement that all Sacco’s that are regulated by it MUST  maintain certain financial bases, and in order to achieve the threshold, the board of has introduced monthly deposit contribution banding threshold for all borrowers,