CO-OPERATIVES SOCIETIES ACT ON AMENDMENT OF BY-LAWS

Co-operative Societies Act CAP 490 Section 8 states:
(1) A co-operative society may, subject to this Act, amend its by-laws, including the by-law which declares the name of the society.(2) No amendment of the by-laws of a co-operative society shall be valid until the amendment has been registered under this Act, for which purpose a copy of the amendment shall be forwarded to the Commissioner in the prescribed manner.
(3) If the Commissioner is satisfied that any amendment of the by-laws of the Co-operative society is not contrary to this Act and any rules made thereunder, he may register the amendment.
(3A) The Commissioner may, if he is satisfied that an amendment under this section was effected pursuant to a misrepresentation or concealment of a material fact by the person applying for registration, cancel the amendment.
(4) An amendment which changes the name of a co-operative society shall not affect any right or obligation of that society or any of its members, and any legalproceedings pending may be continued by or against the society under its new name.
(5) When the Commissioner registers an amendment of the by-laws of a cooperative society, he shall issue to the society a copy of the amendment certified by him, which shall be conclusive evidence of the fact that the amendment has been duly registered.
(6) In this section, “amendment” includes the making of a new by-law and the variation or revocation of a by-law, but excludes the variation of the registered address of a co-operative society where this forms a part of the bylaws of such a society.

QUALITIES OF GOOD INFORMATION SYSTEM-SACCOs

Good information system should possess the following qualities:

The co-operative should provide relevant information. Relevance is determined by the user of the information and therefore the management of the co-operative should first define the objectives of the various reports to be produced. Based on the user, the system should generate the following:-

• Detailed daily operational/transactional reports that are accurate for use by supervisors.
• Summarized current and projected information, regardless of whether internally or externally sourced, that is likely to affect performance for use by the managers.
• Highly processed information for strategic planning and management control, obtained from within the co-operative for use by directors and the CEO.

The system should also be designed to generate exceptional reports.

The information should be timely for it to be acted upon. The officer in charge of ICT should review the system constantly to assess its speed and recommend upgrading or replacement.

Information should be free from errors and the user should be notified of any assumptions or estimates.

The co-operative should obtain information from authoritative sources only.

(Excerpt from Chapter 4: Co-operative Society Management and Prudential Guidelines Manual Template-Developed by VAS Consultants Ltd for Department of Co-operatives).

Understanding a Co-operative Society

What is a co-operative society?

A co-operative society is an association of persons who have come together with a common purpose of pooling their resources together for mutual economic and social benefit.

Types of co-operatives societies in Kenya

a) Savings and credit co-operative societies

These are formed to provide financial support to members. They accept deposits from members and grant them loans at reasonable interest rates in times of need.

b) Housing co-operatives societies

These are co-operative societies formed to provide residential houses to members. They purchase land, develop it and construct houses or flats and allot the same to members. Some societies also provide loans at low rates of interest to members to construct their own houses.

c) Consumer co-operative societies

These societies are formed to protect the interest of general consumers by making consumer goods available at reasonable price. They buy good directly from producers or manufacturers thereby eliminate middlemen in the process of distribution.

d) Agricultural/marketing/farmers co-operatives

These are formed by small farmers to work jointly in marketing their produce and thereby enjoy the benefits of large-scale farming.

e) Producer co-operative societies

These societies are formed to protect the interest of small producer by making available items of their need for production like raw materials, tools and equipment, machinery, etc..

f) Multipurpose co-operative societies

These are co-operatives that deal with more than one activity. The Ministry of Co-operative Development and Marketing discourages the formation of such co-operatives as their overall performance has been found wanting.

What are the objects of a co-operative society?

The main object of a co-operative society is to organize and promote the economic interest of its members in accordance with the Co-operative Principles and Values. The specific objects include:-

• promotion of thrift among members-opportunity for accumulation of savings/deposits; loans at fair and reasonable rates of interest
• to provide opportunities for members to improve their economic and social conditions
• perform those functions and exercise powers designated for Co-operatives Societies under applicable by-laws.

The Co-operative Values:

• Self-help
• Mutual responsibility
• Equality
• Equity
• Honesty
• Openness
• Social responsibility

The seven universal co-operatives principles:

• Voluntary and open membership
• Democratic member control
• Economic and participation of members
• Autonomy and independence
• Education, training and information
• Co-operation among co-operatives
• Concern for community

Structure of co-operative movement in Kenya

The co-operative movement in Kenya is divided into four distinct divisions namely:-

a) The National Apex:

Kenya National Federation of Co-operatives Ltd (KNFC)- defunct, was formed on 28th April 1964 as the Apex Co-operative organization of the Kenya Co-operative Movement with the mandate to lobby, advocate for, network, collaborate and unite all co-operatives in Kenya. It has been replaced by Co-operative Alliance of Kenya that was inaugurated in 2010.

b) National Co-operative Organizations:

• The Co-operative Bank of Kenya
• The Co-operative Insurance Company of Kenya CIC
• Kenya Union of Savings and Credit Co-operative KUSCCO
• Kenya Rural Sacco Societies Union Limited KERUSSU
• National Co-operative Housing Union Ltd NACHU
• Co-operative Collage of Kenya
• Kenya Planters Co-operative Union KPCU-registered both as a company and a co-operative society
• New Kenya Co-operative Creameries Ltd KCC

Secondary Co-operative Societies:

Comprises of all co-operatives unions countrywide.

Primary Co-operative Societies:

Comprise over 12,000 primary co-operative societies registered countrywide.

Registration of Co-operative Societies

Pre-requisites

The co-operative Societies Act, Chapter 490 of the Laws of Kenya, states that for a society to be registered with or without limited liability, it:

• has to have its object as the promotion of the welfare and economic interest of its members and
• has incorporated in its by laws the co-operative principles

Essentials for registration of a co-operative societies

For a society to be registered under the Act, it must:

• in the case of the primary society, consist of at least ten persons all of whom shall be qualified for membership of the co-operative society
• in the case of a co-operative union, it consists of two or more registered primary societies
• in the case of an apex society, consist of two or more secondary societies

Procedure for registration

• an application is made to the commissioner for co-operatives development in the prescribed form and signed by at least ten would be members
• the application is accompanied by four copies of the proposed by-laws of the society in English and the person or persons by whom or on whose behalf such application is made, shall furnish such information with regard to the society as the commissioner may require
• if the commissioner for co-operatives development is satisfied that a society has complied with the Act and any rules made there under and if the proposed by-laws are not contrary to the Act, he may register the society and its by-laws.

Registration Documents 

• The proposed by-laws in four copies
• Filled application for registration form in four copies
• Supplementary information form in four copies (if any)
• Economic appraisal in four copies
• In case of salaried workers with check-off agreement with employer, a letter from the employer is needed.

Co-operative Corporate Governance

What is co-operative corporate governance?

GOOD CORPORATE GOVERNANCE

Corporate governance takes into account public policy, national values and ethics. It covers systems by which the individual corporations regulates itself for competitiveness and sustainability through practices and procedures for supervising, monitoring, regulating and controlling its affairs. Regulatory authorities, national trade and business associations, professional bodies and societies should all practice good corporate governance.

Co-operative corporate governance is about the use of power in co-operative organizations. It is concerned with the leaders who are the people who govern, that is, direct and control co-operatives.

Co-operative corporate governance also targets members of co-operatives. These are the main stakeholders. They are the people whose money is invested in the organization. They are the ultimate beneficiaries of well run co-operatives and the ultimate losers of badly run organizations and for this reason, they are the supreme authority. 

For co-operatives to be efficient and productive, they must apply good corporate governance practices that seek to ensure that the power of the organization is used in a manner that ensures:

• effectiveness-that the co-operative society abides by and achieves the objects for which it exists.
• efficiency-that the undertaking of the organization are honest and have integrity.
• fairness-that the organization treats all its shareholders and the community in which it operates in reasonably and justly.
• transparency-that the organization is open about its activities and that it meets that information needs of all its stakeholders.
• discipline-that the organization complies with all the laws of the country, its by-laws and that it exercises self-control in all its dealings.
• accountability-that the organization is answerable to and satisfactorily explains its actions to its members/stakeholders.
• responsibility-that the organization exercises good judgment. That is able to make informed and astute decisions, act accordingly and accept the consequences of its actions, taking remedial actions where necessary.
• independence-that the organization acts of its free will, in its best interests and with the consideration for all its stakeholders and not according to the dictates of external interests.
• social responsibility-that the organization is sensitive to and that it responds to the needs of the members/society, for example by improving its products or where necessary developing new ones.

Why Good Corporate Governance

Money can't buy happiness, however it can rent it :-)

Good corporate governance can greatly enhance effectiveness, competitiveness and sustainability of the organization. This is important in the highly competitive global market. Members must demand good governance of their co-operative to ensure:

• that the organization achieve the objective for which they exist.
• that the organization are effective and make good returns on members’ investments.
• that the organization are innovative by improving on their products and introducing new ones.
• that the organizations are credible so that they can attract more members and savings.
• that the organizations are sustainable and continue to exist and be effective for a long time.
• that the organizations use resources efficiently and with due regard to the needs of future generations.
• that the organizations are responsible and that they contribute to well-being of the community in which they exist.

Authority and Duties of the Members as Stakeholders

Shareholders in the co-operative society must play their role in ensuring that their organizations are well-governed. In order to do this, they must keep themselves informed about their co-operative societies  so as to be in a position to make independent and informed decisions on all issues on they are called upon to make decisions. Shareholders should ensure that they clearly understand the objects for which their co-operative are formed so that they can effectively hold directors they elect to account.

Shareholders have a duty to ensure that only competent and reliable persons, who can add value, are elected to the board of directors. They must also ensure that the board is constantly held accountable and responsible for the efficient and effective governance of the co-operative society so as to achieve corporate objectives, prosperity and sustainability.

The Board of Directors

BOARD OF DIRECTOS

Every co-operative should be led by an effective board which exercises leadership, enterprise, integrity and judgment in directing the co-operative society and which acts in the best interest of the co-operative in a transparent, accountable and responsible manner.

Accountability and Transparency

To enhance accountability and transparency in co-operative organizations, the leaders have to observe and adhere to the co-operative values of honesty, openness, social responsibility and caring for others. These values may be exercised while performing various activities of the co-operative organization as follows:

• meetings-convene and conduct co-operative meetings as specified in the Act and Rule and the co-operative by-laws.
• elections of leaders-have regular and timely elections and allow members to participate without interference such as rigging and other forms of influence.
• accounts and audit-maintain up to date an accurate records of the organization and ensure audited accounts are presented and read to members in time and members allowed to deliberate and resolve on them.
• budgeting procedures-budgeting for the organization should be participatory, with members originating ideas and giving final approval.
• recruiting of personnel-co-operative leaders should source personnel from open market and should avoid nepotism.
• code of conduct for leaders-co-operative societies should develop code of conduct and best practice for their leaders.
• delegation of duties-to enhance transparency and accountability, each co-operative should recruit experienced and professional persons to avoid board members acting as executives. Clear job description should be prepared for every position.
• training-training can do a lot to enhance transparency and accountability. It should be done in  a participatory and leaner centered manner and be geared towards change.
• tendering and procurement-tendering should be done according to the provisions of the Public Procurement and Disposal Act and Regulations. Always seek for quality goods and services.
  
  
  EXCERPT FROM: Savings and Credit Co-operative Societies; Start-up Kit (Swiss Contact and Department of Co-operatives).

Rights and Obligations of a Member

Rights and Obligation of Members.

Rights of a Member

A right is what a member of a co-operative deserves to be given, or is entitled to get, enjoy or feel. In order to enjoy these rights, a member must have paid the necessary membership fees and purchased at least one minimum share and also have deposits in the Sacco Society.

These rights are:-

• to attend and participate in general meetings.
• to elect and be elected to the organs of the society subject to this by-laws.
• to enjoy the use of all facilities and services of the society subject to the by-laws.
• to receive periodically and regularly or upon request a statement of account in respect of transactions with the society.
• to access all legitimate information relating to the society including: internal regulations, registers, minutes of general meetings, annual accounts, inventories and investigation reports at the registered office of the society subject to any regulations in force.
• to transfer shares.
• to share in the profits of the society, if any.
• to vote on all matters put before the general meeting of the society.
• to appoint a nominee.
• to ask for a special general meeting subject to the rules and the society by-laws.

Members Obligations/Duties

The conferment of rights to a member also demands that a certain obligations be fulfilled. A member's obligation is what the society expects from a member. As much as a member enjoys rights from the society, he has an obligation to:-

• attend and participate in passing resolutions at general meetings.
• observe and comply with all the society's by-laws and decisions made by organs of the society in accordance with the by-laws.
• buy and pay-up for shares or make any payments as provided for in the by-laws of the society.
• patronize the society's products.
• attend members' education meetings.
• repay loans as per the agreement.
• promote the society and its service or products.
• pay for the debts of the society at the time of liquidation where the assets are insufficient to meet liabilities.
• support projects of the society approved by the relevant authority.

LICENSE OF SACCO BY SASRA

1. Introduction

The Sacco Societies Regulatory Authority (SASRA) is empowered to license, regulate and supervise deposit taking Sacco Societies under the Sacco Societies Act 2008 (the Act), and the Regulations issued there under. The Act requires all Sacco Societies carrying out deposit taking business to apply for licenses from SASRA (Section 23 of the Act and Regulations 4). Deposit taking Sacco societies in the context of the Act refers to the Sacco Societies operating Front Office Savings Activity (FOSA).

2. Who should apply for license?

With effect from 18th June 2010, the date of publication of the Sacco Societies (Deposit Taking Sacco Business) Regulations, 2010:

All Sacco Societies intending to operate FOSA shall apply for license from SASRA (section 23 of the Act and regulation 4(2)); and

All Sacco Societies already operating FOSAs are required to apply for license from SASRA by 17th June 2011.
3. What are the licensing Procedures?

The licensing procedures are detailed in Section 24 of the Act and Section 4 of the Regulations. These procedures are split into five main stages as explained below.

3.1 First stage: Application for License

Duly complete and submit the “APPLICATION FORM FOR A LICENCE” coded SASRA 1/001) in the regulations for SACCO Societies (Deposit Taking Business) to SASRA. This form is available here. The completed application form should be accompanied by supporting documentation including:

a) a certified copy of the Sacco society’s registration certificate, issued under the Co-operative Societies Act [Cap 490] Laws of Kenya.

b) a verified official notification of the Sacco society’s registered head office and branches, if any;.

c) a certified copy of the Sacco society’s bylaws.

d) a certified extract of minutes of the general meeting resolution authorizing the application for deposit taking license. This requirement applies to Sacco Societies seeking to commence FOSA operations.

e) name of the proposed chief executive officer.

f) Certified copies of the financial statements for the last three years

g) Evidence that the Sacco society has adequate capital by completing and submitting the Capital Adequacy Return (downloadable from www.sasra.go.ke) as set out in Form 1 in the second schedule to the Sacco Societies (DT) Regulations, 2010. Refer to the guidance notes on capital adequacy for capital requirements at the point of making the application for license.

h) Business plan and Feasibility study available here
A Sacco Society must prepare and submit a comprehensive four year business plan in line with the transitional provisions (and feasibility study for a Sacco Society making the application to commence FOSA operations) detailing:

1. the vision and mission;
2. Scope and nature of business operations;
3. Economic and financial environment;
4. Organizational structure and management;
5. Financial and risks analysis;
6. Projected financial statements and analysis using the format provided in the regulations. The projections should show how the institution will meet the prudential standards within the plan period, namely:
1.
Capital adequacy – indicate sources of capital over the plan period.
Loans quality and provisioning – Evaluate the loan portfolio, age the delinquency and make provisions as appropriate.
Liquidity – plans on liquidity management in full compliance with regulatory requirements.
Investment – divesting to comply with regulation 48 (limits on property, equipment and financial assets).
Sustaining the asset structure and quality

1. Control measures and monitoring procedures

The financial projections are based on the business plan and hence should assist in monitoring the strategic goals of the Sacco Society and therefore an implementation plan and monitoring framework should be included.

Note: Where the Sacco Society has a current business plan, the same should be reviewed in the light of the regulatory requirements and the four years transitional period.

h) Fit and Proper forms

Duly complete and submit the “Fit and Proper test” form (SASRA 01/002) with the application for license. The form should be completed by all persons proposed as directors and senior management as defined in the form. This form is available here.

3.2 Second Stage: Letter of Intent

SASRA will assess the application for fulfillment of the requirements in the first stage and if satisfied issue a Letter of Intent to the Sacco Society to put the following in place:

3.2.1 Institutional Infrastructure or business premises appropriate for deposit taking Sacco business. This includes but not limited to:

A banking hall;

A adequate working space;

Physical security measures; and

Strong room and safe.

3.2.2. Management Information System

The Sacco Society’s Information Management System must be capable of performing and accounting for all transactions and providing the minimum reports required by the Authority in an accurate and timely manner. The system should be operationally integrated and provide adequate security including data back up.

3.2.3 Risk Management policies and internal control systems

Sacco Societies face constant risks in the course of their business including credit, liquidity, interest rate, operational, reputation and regulatory risks. The Authority will require the Sacco Society to develop risk management policy framework addressing each of the risk identified. The risk management framework must address the following key considerations.

a. Clear definition of roles and responsibility of the Board and management in development, implementation and review of the risk management systems;

b. Adequate policies, procedures and limits;

c. Risk monitoring and information system;

d. Adequate internal controls and audit specific to each risk area.

3.3 Third stage: Onsite inspection

Upon completion of all the requirements specified in the Letter of Intent, the Sacco shall notify SASRA so that an independent on site inspection can be conducted to ascertain compliance. The inspection will be carried out within 30days from date of notification.

3.4 Fourth stage: Letter of Compliance

Upon completion of on-site inspection, if SASRA is satisfied that the Sacco Society has complied with all the conditions as stated in the letter of intent, it shall issue a compliance letter allowing the Sacco Society to pay the license fees within 30days.

3.5 Fifth stage: Issuance of a License

SASRA shall issue a license to the applicant Sacco Society upon payment of license fee of Ksh.50,000 (fifty thousand shillings) for head office and Ksh.20,000 (twenty thousand shillings) for each branch. The license shall be issued within 14days from the date of payment of the license fees.

4. What happens if a Sacco Society operating a FOSA at the commencement of the Regulations does not apply for license within the twelve months provided?

In line with Section 23(1), such a Sacco Society is in contravention of the law and the officers liable to the actions stipulated in section 23(2) of the Act among others.

5. Other matters

5.1 What happens after licensing of a Sacco Society?

a. The Authority shall within fourteen days from date of licensing publish in the Kenya gazette particulars of any newly licensed Sacco society.

b. At the beginning of each year and not later than 31st January, the Authority shall publish in at least one newspaper of national circulation particulars of licensed Sacco societies.

5.2 When is renewal of a license due?

A licensed Sacco Society will be required to apply for renewal of a license at least ninety (90) days before the expiry of its operating license in respect of its head office and any other place of business. The expiry date for all licenses will be 31st December.

DEPOSIT-TAKING SACCO SOCIETIES LICENSED BY THE SACCO SOCIETIES REGULATORY AUTHORITY 2013

NAME OF SOCIETY	POSTAL ADDRESS	DATE LICENSED
AFYA SACCO SOCIETY LTD	P.O.BOX 11607 - 00400, NAIROBI	18TH DECEMBER, 2012
AIRPORTS SACCO SOCIETY LTD	P.O.BOX 19001 - 00501, NAIROBI.	10TH JANUARY, 2013
ASILI SACCO SOCIETY LTD	P.O.BOX 49064 - 00100, NAIROBI.	18TH DECEMBER, 2012
BANDARI SACCO SOCIETY LTD	P.O.BOX 95011 - 80104, MOMBASA.	18TH DECEMBER, 2012
BARINGO FARMERS SACCO SOCIETY LTD	P.O.BOX 660 - 20103, ELDAMA RAVINE.	18TH DECEMBER, 2012
BIASHARA SACCO SOCIETY LTD	P.O.BOX 1895 - 10100, NYERI.	21ST DECEMBER, 2012
BINGWA SACCO SOCIETY LTD	P.O.BOX 434 - 10300, KERUGOYA.	18TH DECEMBER, 2012
BORABU SACCO SOCIETY LTD	P.O.BOX 42 - 40502, NYANSIONGO.	18TH DECEMBER, 2012
BORESHA SACCO SOCIETY LTD	P.O.BOX 80 - 20103, ELDAMA RAVINE.	18TH DECEMBER, 2012
BUNGOMA TEACHERS SACCO SOCIETY LTD	P.O.BOX 1199 - 50200, BUNGOMA.	18TH DECEMBER, 2012
BURETI SACCO SOCIETY LTD	P.O.BOX 601 - 20210, LITEN.	10TH JANUARY, 2013
BUSIA TESO TEACHERS SACCO SOCIETY LTD	P.O.BOX 448 - 50400, BUSIA.	18TH DECEMBER, 2012
CENTENARY SACCO SOCIETY LTD	P.O.BOX 1207 - 60200, MERU.	18TH DECEMBER, 2012
CHAI SACCO SOCIETY LTD	P.O.BOX 278 - 00200, NAIROBI.	18TH DECEMBER, 2012
CHEMELIL SACCO SOCIETY LTD	P.O.BOX 14 - 40112, AWASI.	18TH DECEMBER, 2012
CHEPSOL SACCO SOCIETY LTD	P.O.BOX 81 - 20225, KIMULOT.	18TH DECEMBER, 2012
CHUNA SACCO SOCIETY LTD	P.O.BOX 30197 - 00100, NAIROBI.	18TH DECEMBER, 2012
COMOCO SACCO SOCIETY LTD	P.O.BOX 30135 - 00100, NAIROBI.	18TH DECEMBER, 2012
COSMOPOLITAN SACCO SOCIETY LTD	P.O.BOX 1931 - 20100, NAKURU.	10TH JANUARY, 2013
COUNTY SACCO SOCIETY LTD	P.O.BOX 21 - 60103, RUNYENJES.	18TH DECEMBER, 2012
DAIMA SACCO SOCIETY LTD	P.O.BOX 2032 - 60100, EMBU	19TH DECEMBER, 2012
DHABITI SACCO SOCIETY LTD	P.O.BOX 353 - 60600, MAUA.	20TH DECEMBER, 2012
DIMKES SACCO SOCIETY LTD	P.O.BOX 886 - 00900, KIAMBU.	20TH DECEMBER, 2012
EGERTON SACCO SOCIETY LTD	P.O.BOX 178 - 20115, EGERTON.	18TH DECEMBER, 2012
EMBU TEACHERS SACCO SOCIETY LTD	P.O.BOX 696 - 60100, EMBU.	18TH DECEMBER, 2012
ENEA SACCO SOCIETY LTD	P.O.BOX 1836 - 10101, KARATINA.	18TH DECEMBER, 2012
FARIJI SACCO SOCIETY LTD	P.O.BOX 589 - 00216, GITHUNGURI.	10TH JANUARY, 2013
FORTUNE SACCO SOCIETY LTD	P.O.BOX 559 - 10300, KERUGOYA. 19TH DECEMBER, 2012	19TH DECEMBER, 2012
FUNDILIMA SACCO SOCIETY LTD	P.O.BOX 62000 - 00200, NAIROBI.	18TH DECEMBER, 2012
GITHUNGURI DAIRY & COMMUNITY SACCO SOCIETY LTD	P.O.BOX 896 - 00216, GITHUNGURI.	18TH DECEMBER, 2012
GUSII MWALIMU SACCO SOCIETY LTD	P.O.BOX 1335 - 40200, KISII.	18TH DECEMBER, 2012
HARAMBEE SACCO SOCIETY LTD	P.O.BOX 47815 - 00100, NAIROBI.	10TH JANUARY, 2013
HAZINA SACCO SOCIETY LTD	P.O.BOX 59877 - 00200, NAIROBI.	18TH DECEMBER, 2012
IMENTI SACCO SOCIETY LTD	P.O.BOX 3192 - 60200, MERU.	18TH DECEMBER, 2012
IRIANYI TEA SACCO SOCIETY LTD	P.O.BOX 3080 - 40200, KISII.	18TH DECEMBER, 2012
JAMII SACCO SOCIETY LTD	P.O.BOX 57929 - 00200, NAIROBI.	18TH DECEMBER, 2012
JIJENGE SACCO SOCIETY LTD	P.O.BOX 6222 - 01000, THIKA.	18TH DECEMBER, 2012
KAKAMEGA TEACHERS SACCO SOCIETY LTD	P.O.BOX 1150 - 50100, KAKAMEGA.	18TH DECEMBER, 2012
KEIYO TEACHERS SACCO SOCIETY LTD	P.O.BOX 512 - 30700, ITEN.	18TH DECEMBER, 2012
KENPIPE SACCO SOCIETY LTD	P.O.BOX 314 - 00507, NAIROBI.	18TH DECEMBER, 2012
KENVERSITY SACCO SOCIETY LTD	P.O.BOX 10263 - 00100, NAIROBI.	18TH DECEMBER, 2012
KENYA BANKERS SACCO SOCIETY LTD	P.O.BOX 73236 - 00200, NAIROBI.	18TH DECEMBER, 2012
KENYA CANNERS SACCO SOCIETY LTD	P.O.BOX 1124 - 01000, THIKA.	10TH JANUARY, 2013
KENYA POLICE STAFF SACCO SOCIETY LTD	P.O.BOX 51042 - 00200, NAIROBI.	18TH DECEMBER, 2012
KENYA HIGHLANDS SACCO SOCIETY LTD	P.O.BOX 2085 - 002000, KERICHO.	18TH DECEMBER, 2012
KIAMBAA DAIRY RURAL SACCO SOCIETY LTD	P.O.BOX 669 - 00219, KARURI.	19TH DECEMBER, 2012
KILIFI TEACHERS SACCO SOCIETY LTD	P.O.BOX 712 - 80108, KILIFI.	18TH DECEMBER, 2012
KINGDOM SACCO SOCIETY  LTD	P.O.BOX 8017 - 00300, NAIROBI.	18TH DECEMBER, 2012
KIPSIGIS TEACHERS SACCO SOCIETY LTD	P.O.BOX 682 - 20200, KERICHO.	18TH DECEMBER, 2012
KITE SACCO SOCIETY LTD	P.O.BOX 2073 - 40100, KISUMU.	18TH DECEMBER, 2012
KITUI TEACHERS SACCO SOCIETY LTD	P.O.BOX 254 - 90200, KITUI.	18TH DECEMBER, 2012
KMFRI SACCO SOCIETY LTD	P.O.BOX 80862, MOMBASA.	19TH DECEMBER, 2012
KONOIN SACCO SOCIETY LTD	P.O.BOX 83 - 20403, MOGOGOSIEK.	10TH JANUARY, 2013
K-UNITY SACCO SOCIETY LTD	P.O.BOX 268 - 00900, KIAMBU.	18TH DECEMBER, 2012
KURIA TEACHERS SACCO SOCIETY LTD	P.O.BOX 208 - 40413, KEHANCHA.	19TH DECEMBER, 2012
LENGO SACCO SOCIETY LTD	P.O.BOX 371 - 80200, MALINDI.	18TH DECEMBER, 2012
MAGADI SACCO SOCIETY LTD	P.O.BOX 13 - 00205, MAGADI.	18TH DECEMBER, 2012
MAGEREZA SACCO SOCIETY LTD	P.O.BOX 53131 - 00200, NAIROBI.	10TH JANUARY, 2013
MAISHA BORA SACCO SOCIETY LTD	P.O.BOX 30062 - 00100, NAIROBI.	18TH DECEMBER, 2012
MARAKWET TEACHERS SACCO SOCIETY LTD	P.O.BOX 118 - 30705, KAPSOWAR.	19TH DECEMBER, 2012
MARSABIT TEACHERS SACCO SOCIETY LTD	P.O.BOX 90 - 60500, MARSABIT.	10TH JANUARY, 2013
MENTOR SACCO SOCIETY LTD	P.O.BOX 789 - 10200, MURANG’A.	18TH DECEMBER, 2012
MERU SOUTH FARMERS SACCO SOCIETY LTD	P.O.BOX 514 - 60400, CHUKA.	18TH DECEMBER, 2012
METROPOLITAN TEACHERS SACCO SOCIETY LTD	P.O.BOX 871 - 00900, KIAMBU.	8TH DECEMBER, 2012
MMH SACCO SOCIETY LTD	P.O.BOX 469 - 60600, MAUA.	19TH DECEMBER, 2012
MOMBASA PORT SACCO SOCIETY LTD	P.O.BOX 95372 - 80104, MOMBASA.	18TH DECEMBER, 2012
MOMBASA TEACHERS SACCO SOCIETY LTD	P.O.BOX 86515 - 80100, MOMBASA.	18TH DECEMBER, 2012
MUDETE LTD TEA GROWERS SACCO	P.O.BOX 221 - 50104, KAKAMEGA.	18TH DECEMBER, 2012
MUHIGIA SACCO SOCIETY LTD	P.O.BOX 83 - 10300, KERUGOYA.	18TH DECEMBER, 2012
MUMIAS OUTGROWERS SACCO SOCIETY LTD	P.O.BOX 295 - 50102, MUMIAS.	10TH JANUARY, 2013
MURATA SACCO SOCIETY LTD	P.O.BOX 816 - 10200, MURANG’A.	18TH DECEMBER, 2012
MWALIMU NATIONAL SACCO SOCIETY LTD	P.O.BOX 62641 - 00200, NAIROBI.	18TH DECEMBER, 2012
MWITO SACCO SOCIETY LTD	P.O.BOX 56763 - 00200, NAIROBI.	18TH DECEMBER, 2012
NACICO SACCO SOCIETY LTD	P.O.BOX 34525 - 00100, NAIROBI.	19TH DECEMBER, 2012
NAFAKA SACCO SOCIETY LTD	P.O.BOX 30586 - 00100, NAIROBI.	18TH DECEMBER, 2012
NAKU SACCO SOCIETY LTD	P.O.BOX 78355 - 00507, NAIROBI.	19TH DECEMBER, 2012
NANDI HEKIMA SACCO SOCIETY LTD	P.O.BOX 211 - 30300, KAPSABET.	19TH DECEMBER, 2012
NAROK TEACHERS SACCO SOCIETY LTD	P.O.BOX 158 - 20500, NAROK.	18TH DECEMBER, 2012
NASSEFU SACCO SOCIETY LTD	P.O.BOX 43338 - 00100, NAROBI.	18TH DECEMBER, 2012
NATION SACCO SOCIETY LTD	P.O.BOX 22022 - 00400, NAIROBI.	18TH DECEMBER, 2012
NDEGE CHAI SACCO SOCIETY LTD	P.O.BOX 857 - 20200, KERICHO.	18TH DECEMBER, 2012
NDOSHA SACCO SOCIETY LTD	P.O.BOX 532- 60401, CHOGORIA -MAARA	19TH DECEMBER, 2012
NTIMINYAKIRU SACCO SOCIETY LTD	P.O.BOX 3213 - 60200, MERU.	10TH JANUARY, 2013
NYAMBENE ARIMI SACCO SOCIETY LTD	P.O.BOX 493 - 60600, MAUA.	18TH DECEMBER, 2012
NYAMIRA TEA FARMERS SACCO SOCIETY LTD	P.O.BOX 633 - 40500, NYAMIRA.	19TH DECEMBER, 2012
NYERI TEACHERS SACCO SOCIETY LTD	P.O.BOX 1939 - 10100, NYERI.	18TH DECEMBER, 2012
ORTHODOX DEVELOPMENT SACCO SOCIETY LTD	P.O.BOX 43582 -00100, NAIROBI.	10TH JANUARY, 2013
SAFARICOM SACCO SOCIETY LTD	P.O.BOX 66827 - 00800, NAIROBI.	18TH DECEMBER, 2012
SAMBURU TRADERS SACCO SOCIETY LTD	P.O.BOX 271 - 20600, MARALAL.	18TH DECEMBER, 2012
SHERIA SACCO SOCIETY LTD	P.O.BOX 34390 - 00100, NAIROBI.	18TH DECEMBER, 2012
SIAYA TEACHERS SACCO SOCIETY LTD	P.O.BOX 605 - 40600, SIAYA.	11TH JANUARY, 2013
SIMBA CHAI SACCO SOCIETY LTD	P.O.BOX 977 - 20200, KERICHO.	18TH DECEMBER, 2012
SIRAJI SACCO SOCIETY LTD	P.O.BOX PRIVATE BAG, TIMAU.	18TH DECEMBER, 2012
SOLUTION SACCO SOCIETY LTD	P.O.BOX 1694 - 60200, MERU.	18TH DECEMBER, 2012
SOT TEA GROWERS SACCO SOCIETY LTD	P.O.BOX 251 - 20400, BOMET.	18TH DECEMBER, 2012
SOTICO SACCO SOCIETY LTD	P.O.BOX 959 - 20406, SOTIK.	20TH DECEMBER, 2012
STIMA SACCO SOCIETY LTD	P.O.BOX 75629 - 00100, NAIROBI.	18TH DECEMBER, 2012
SUKARI SACCO SOCIETY LTD	P.O.BOX 841 - 50102, MUMIAS.	18TH DECEMBER, 2012
TAI SACCO SOCIETY LTD	P.O.BOX 718 - 00216, GITHUNGURI.	18TH DECEMBER, 2012
TAIFA SACCO SOCIETY LTD	P.O.BOX 1649 - 10100, NYERI.	18TH DECEMBER, 2012
TAITA TAVETA TEACHERS SACCO SOCIETY LTD	P.O.BOX 1186 - 80304, WUNDANYI.	18TH DECEMBER 2012
TEMBO SACCO SOCIETY LTD	P.O.BOX 91 - 00618, RUARAKA.	10TH JANUARY, 2013
TENHOS SACCO SOCIETY LTD	P.O.BOX 391 - 20400, BOMET.	20TH DECEMBER, 2012
THAMANI SACCO SOCIETY LTD	P.O.BOX 467 - 60400, CHUKA.	18TH DECEMBER, 2012
THARAKA NITHI TEACHERS SACCO SOCIETY LTD	P.O.BOX 15 - 60400, CHUKA.	18TH DECEMBER, 2012
THIKA DISTRICT TEACHERS SACCO SOCIETY LTD	P.O.BOX 1842 - 01000, THIKA.	18TH DECEMBER, 2012
TIMES U SACCO SOCIETY LTD	P.O.BOX 310 - 60202, NKUBU.	18TH DECEMBER, 2012
TOWER SACCO SOCIETY LTD	P.O.BOX 259 - 20303, OL’KALOU.	19TH DECEMBER, 2012
TRANS NZOIA TEACHERS SACCO SOCIETY LTD	P.O.BOX 2274 - 30200, KITALE.	10TH JANUARY, 2013
UKULIMA SACO SOCIETY LTD	P.O.BOX 44071 - 00100, NAIROBI.	18TH DECEMBER, 2012
UNAITAS SACCO SOCIETY LTD	P.O.BOX 1145 - 10200, MURANG’A.	18TH DECEMBER, 2012
UNITED NATIONS SACCO SOCIETY LTD	P.O.BOX 30552 - 00100, NAIROBI.	18TH DECEMBER, 2012
UNIVERSAL TRADERS SACCO SOCIETY LTD	P.O.BOX 2119 - 90100, MACHAKOS.	18TH DECEMBER, 2012
WAKENYA PAMOJA SACCO SOCIETY LTD	P.O.BOX 829 - 40200, KISII.	18TH DECEMBER, 2012
WAKULIMA COMMERCIAL SACCO SOCIETY LTD	P.O.BOX 232 - 10103, NYERI.	18TH DECEMBER, 2012
WANAANGA SACCO SOCIETY LTD	P.O.BOX 34680 - 00501, NAIROBI.	18TH DECEMBER, 2012
WANANCHI SACCO SOCIETY LTD	P.O.BOX 910 - 10106, OTHAYA.	20TH DECEMBER, 2012
WANANDEGE SACCO SOCIETY LTD	P.O.BOX 19074 -00501, NAIROBI.	18TH DECEMBER, 2012
WARENG SACCO SOCIETY LTD	P.O.BOX 3466 - 30100, ELDORET.	18TH DECEMBER, 2012
WASHA SACCO SOCIETY LTD	P.O.BOX 83256 - 80100, MOMBASA.	18TH DECEMBER, 2012
WAUMINI SACCO SOCIETY LTD	P.O.BOX 66121 - 00800, NAIROBI.	18TH DECEMBER, 2012
YETU SACCO SOCIETY LTD	P.O.BOX 511 - 60202, NKUBU.	18TH DECEMBER, 2012
NRS SACCO SOCIETY LTD	P.O.BOX 575 - 00902 KIKUYU	10TH JANUARY, 2013
UKRISTO NA UFANISI WA ANGLICANA SACCO SOCIETY LTD	P.O.BOX 872 - 00605 NAIROBI	25TH APRIL, 2013
KIPSIGIS EDIS SACCO SOCIETY	LTD P.O.BOX 228 - 20400 BOMET	25TH APRIL, 2013
CAPITAL SACCO SOCIETY LTD	P.O. BOX 1479 - 60200, MERU	25TH JUNE 2013
ISIOLO TEACHERS SACCO SOCIETY LTD	P.O. BOX 559 - 105 - 60300, ISIOLO	25TH JUNE 2013
LAIKIPIA TEACHERS SACCO SOCIETY LTD	P.O. BOX 414 - 10400, NANYUKI	25TH JUNE 2013