Partners

As the central body that oversees the local CIS mechanism, CIS Kenya interacts and works with several industry bodies, associations and regulators as below:
  1. Development Partners
  2. Regulators

Development Partners



The Kenya Financial Sector Deepening (FSD) programme was established in early 2005 to support the development of financial markets in Kenya as a means to stimulate wealth creation and reduce poverty. Working in partnership with the financial services industry, the programme’s goal is to expand access to financial services among lower income households and smaller enterprises. It operates as an independent trust under the supervision of professional trustees, KPMG Kenya, with policy guidance from a Programme Investment Committee (PIC). Read More: www.fsdkenya.org

USAID FIRM : Financial Inclusion for Rural Microenterprises (FIRM) is a financial services project funded by the United States Agency for International Development (USAID). FIRM facilitates the expansion of financial services and investment for entrepreneurs and businesses by designing profitable and sustainable financial services models that enable long-term economic growth necessary to improve livelihoods and build resiliency. FIRM utilizes Development Credit Authority (DCA) loan guarantees, technical assistance and consulting to de-risk credit processes used by financial and non-financial institutions across current market segments and new business opportunities. Read More: www.kenyafirm.org

Regulators


The Central Bank of Kenya was established in 1966 through an Act of Parliament - the Central Bank of Kenya Act of 1966. The establishment of the Bank was a direct result of the desire among the three East African states to have independent monetary and financial policies. Read more: www.centralbank.go.ke

The Sacco Societies Regulatory Authority (SASRA) is a semi-autonomous Government Agency under the Ministry of Industrialization and Enterprise Development. It is a creation of the Sacco Societies Act 2008 and was inaugurated in 2009 charged with the prime responsibility to licence and supervise Deposit Taking Sacco Societies in Kenya.
The establishment of SASRA falls within the Government of Kenya’s reform process in the financial sector which has the dual objectives of protecting the interests of Sacco members and ensuring that there is confidence in the public towards the Sacco sector and spurring Kenya’s economic growth through the mobilization of domestic savings. Read More: www.sasra.go.ke