Abstract:
The regulatory system may be cited as the Sacco Societies (Deposit Taking Sacco
Business) regulations 2010.The purpose of these regulations is to provide minimum
operational regulations and prudential standards required of a Deposit-Taking
Sacco Societies (DTS) in Kenya. The purpose of this study was to establish the
influence the regulatory system on implementation of strategic plans DTS in
Nairobi County. The study targeted the Chief Executive officers of licensed DTS in
Nairobi County. The study used questionnaires to collect primary data and such
formal records and SASRA reports to collect secondary data. Purposive sampling
method was adopted to identify a population that constituted the sample. The
quantitative data collected was analyzed by the use of descriptive statistics using
the statistical package for social science (SPSS) and the results were presented
informs of tables and graphs. The findings reveal that 93.7% of respondents believe
that corporate governance regulation had great influence on implementation of
Sacco’s strategic plans. The findings further reveal that majority of respondents at
42% believe that risk management had great influence on implementation of
SACCO’s strategic plans while regulation on capitalization had some influence but
not as significant as the first two because only 40.4% of respondents believe so and
59.6% disagree. This therefore led to conclusion that the regulatory system has
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influence on implementation of strategic plans of Saccos in Kenya.
