The Kenya Union of Savings and Credit Cooperatives – Kuscco

The Kenya Union of Savings and Credit Cooperatives

The Kenya Union of Savings and Credit Cooperatives (Kuscco) is the umbrella organisation of Saccos in Kenya. It was registered on September 27, 1973 to advocate for a level environment in which Saccos can do business, and provision of quality, diversified, innovative and market—driven financial and technical service.

In the 1960s, Sacco leaders mooted the idea of an association for the group Welfare of all societies. This led to the formation of the Mombasa Chapter and the Nairobi Chapter. The Mombasa Chapter was fairly successful and a special committee was set up in 1971, which recommended that a national association to cater for all savings and credit societies be established.

In 1972, the Kenya National Promotion Committee conducted a study whose findings led to the birth of Kuscco with the following functions:

  1. Promotion and advocacy, lobby, advice and protect members against adverse legislation and/ or restrictions
  2. Education and training of its staff and committee
  3. Centralized bookkeeping services
  4.  Insurance for member savings and loans through Credit Union National Association (CUNA) Mutual Group
  5. Distribution of standardized accounting stationery
  6.  Act as the principal local and international representative and mouth-piece of all Saccos.
  7.  Promote the organisation and development of viable Saccos KUSCCO is affiliated to CAK, the African Confederation of Cooperative Savings and Credit Associations  (ACCOSCA), WOCCU, International Raiffeisen Union (IRU), East African Regional Associations of Saccos (EARAS) and AFRACA.

KUSCCO also represents Kenya at WOCCU’s Group of 10 (G10).

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