Abstract:
Notably, in 1991 during major financial reforms, Primary SACCOS were established as equity
based microfinance institutions for financial inclusion of low and middle income earners.
Accordingly, regulation of primary SACCOS' Credit Advancement (PSCA) enlists principal
objects to be achieved by Primary SACCOS such as: to advance credit that correspond with
members' needs, to improve living standards and economic growth of members' households,
and to contribute to economic growth of the country. It became imperative therefore to
ascertain the extent to which the existing regulation of PSCA enables Primary SACCOS to
achieve their principal objects. The use of interview and documentary review, led to the
conclusion that, to some extent the existing regulations enable Primary SACCOS to achieve
their principal objects, Undeniably, much is still needed to be done in order for Primary
SACCOS to be able to achieve their principal objects and purpose of their existence to a full
extent.
