November 26th, 2025

Financial Sector Deepening (FSD) Kenya, Savings and Credit Cooperative Societies Regulatory Authority (SASRA) and The International Fund for Agricultural Development (IFAD) – the Platform for Remittances, Investments, and Migrants’ Entrepreneurship programme (PRIME) Africa, launched the Savings and Credit Cooperatives (SACCO) remittance toolkit in an event on Wednesday, 26th November 2026.

The remittance toolkit was developed through extensive consultations with SACCOs, regulators, and financial service providers, and informed by the 2024 multi-stakeholder study SACCOs as remittance providers in Kenya. It provides practical, step-by-step guidance for SASRA-regulated SACCOs seeking to offer cross-border remittance services.

The toolkit outlines a clear seven-step pathway that includes understanding member needs and selecting the most suitable remittance model, structuring partnerships, upgrading systems, managing compliance, engaging members, and consolidating a medium-term remittance strategy. Together, these steps can equip SACCOs to design demand-driven products, integrate effectively with licensed partners, strengthen operational governance, and scale remittance services responsibly.

The purpose of this event was to share a high-level overview of the toolkit as well as hear presentations from various SACCOs and financial service providers on their journeys to offering remittance services.

Click here to download the SACCO remittance toolkit. 

Click here to download the “SACCO Remittances toolkit presentation” made at the event

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