Michael mirie

Enterprenuer and a Father

[Michael mirie @Henrymirie]

Help me amplify this issue
@Edith_kimani
@nderitu_kim
@nationmediake

[Michael mirie @Henrymirie]

Despite providing clear evidence, the regulator appears to have opted to protect the SACCO rather than safeguarding the members' savings.

[Michael mirie @Henrymirie]

@calvinokello4 Sifuna's sharp, immediate comeback—stating that arguing with him about chickens is like arguing with a potato farmer about potatoes—proves he can match the President’s known rhetorical stamina, reinforcing his position as a potential presidential or deputy-presidential contender.

[Michael mirie @Henrymirie]

Despite providing clear evidence, the regulator appears to have opted to protect the SACCO rather than safeguarding the members' savings.

[Michael mirie @Henrymirie]

Watu wa TuTam tunakaa wapi.
@StateHouseKenya

[Forex is gambling @kelelenamoshi]

@antoneosoul @UuglyFace @OleItumbi They lied to the producer who made Sipangwingwi, the song that gave them the victory. Promised him a studio, never fulfilled. Never took his call after winning. Came back to contribute 500k at his burial. Those are fucking assholes.

[Michael mirie @Henrymirie]

@MadisonGroupKe If it's not 4% like other companies am taking business else where,with this economy every coin is important.

[Michael mirie @Henrymirie]

My basic insurance premium rate is 6.42% of your vehicle's value.
Why?

@MadisonGroupKe

[Michael mirie @Henrymirie]

@MadisonGroupKe Been insuring it with you since I bought ,market rate for other companies is 4%

[Michael mirie @Henrymirie]

@SASRA_ke
2n June 2026,1.06pm Anne Kago wrote an Email to me stating :

The tripartite session will address conduct, disclosure and the fairness of charges, which is where your insurance and fee concerns fall.

Yours faithfully,
Anne Kago

For: SASRA Team

[The SACCO Regulator @SASRA_ke]

@Henrymirie your company’s complaint was duly received and resolved based on the evidence provided by both your company and the SACCO, and in accordance with the applicable law.

You were also advised that, should you remain dissatisfied with the outcome, you have the right to pursue any other legal remedies available to you.
To the best of the Authority’s knowledge, the complaint concerned your company’s request for an additional loan and did not involve any threat to the savings or deposits held by your company in the SACCO.

Please note that the Authority’s mandate does not extend to compelling a SACCO to grant a loan to a member where the SACCO has determined that the member does not qualify for the amount applied for.

[Michael mirie @Henrymirie]

I regret to inform you that my complaint remains unresolved. Your staff requested that I sign a letter purportedly authored by Jeremiah Were; however, upon review, it appears that this document grants the Sacco the authority to dismiss my complaint.

[The SACCO Regulator @SASRA_ke]

@Henrymirie your company’s complaint was duly received and resolved based on the evidence provided by both your company and the SACCO, and in accordance with the applicable law.

You were also advised that, should you remain dissatisfied with the outcome, you have the right to pursue any other legal remedies available to you.
To the best of the Authority’s knowledge, the complaint concerned your company’s request for an additional loan and did not involve any threat to the savings or deposits held by your company in the SACCO.

Please note that the Authority’s mandate does not extend to compelling a SACCO to grant a loan to a member where the SACCO has determined that the member does not qualify for the amount applied for.

[Michael mirie @Henrymirie]

@Coopnewsmedia
They should stop protecting Sacco 's from exploiting member's just do their regulatory work period not giving flimsy excuses about no mandate!

[Michael mirie @Henrymirie]

You talk about protecting members' savings to the National Assembly, yet your team at Upper Hill has refused to execute a mandatory tripartite meeting (Ref: SASRA/700/CS.8721/0066/VOL.IV)Is this what you mean by #SecuringSACCOFunds?"

[The SACCO Regulator @SASRA_ke]

Yesterday, the Authority appeared before the National Assembly Departmental Committee on Trade, Industry and Cooperatives to deliberate on the proposed Sacco Societies (Amendment) Bill, 2025.

Led by Chief Executive Officer David Sandagi, the Authority briefed the Committee on the proposed reforms aimed at strengthening prudential supervision, safeguarding members’ savings and enhancing the long-term stability of the SACCO sector.

The Committee emphasized the need for stronger protection of members’ deposits while avoiding unnecessary administrative requirements that could complicate SACCO operations or affect access to affordable credit.

Members also raised concerns regarding the proposed compensation limit of KSh 100,000 per depositor under the deposit insurance framework and called for consideration of a more equitable model.

The Authority further explained that the Bill would facilitate shared technological platforms, enabling smaller SACCOs to access modern systems, reduce compliance costs and benefit from economies of scale.

SASRA appreciates the Committee’s guidance and remains committed to supporting a progressive and responsive legal framework that protects SACCO members while promoting a stable and sustainable sector.
Photos: Courtesy
#SecuringSACCOFunds #SASRA #SACCOIndustry

[Michael mirie @Henrymirie]

#securingSACCOfunds

[Michael mirie @Henrymirie]

You talk about protecting members' savings to the National Assembly, yet your team at Upper Hill has refused to execute a mandatory tripartite meeting (Ref: SASRA/700/CS.8721/0066/VOL.IV)Is this what you mean by #SecuringSACCOFunds?"

[Michael mirie @Henrymirie]

Enforce the law, don't shield predatory practices.#securingSACCOfunds

[The SACCO Regulator @SASRA_ke]

@Henrymirie your company’s complaint was duly received and resolved based on the evidence provided by both your company and the SACCO, and in accordance with the applicable law.

You were also advised that, should you remain dissatisfied with the outcome, you have the right to pursue any other legal remedies available to you.
To the best of the Authority’s knowledge, the complaint concerned your company’s request for an additional loan and did not involve any threat to the savings or deposits held by your company in the SACCO.

Please note that the Authority’s mandate does not extend to compelling a SACCO to grant a loan to a member where the SACCO has determined that the member does not qualify for the amount applied for.

[Michael mirie @Henrymirie]

Under Kenyan law, @SASRA_ke’s true statutory obligation is investigating bad-faith account manipulation, unauthorized internal charges, and regulatory misconduct.Dismissing active financial bleeding as a simple "loan denial" is a failure of your consumer protection mandate.

[The SACCO Regulator @SASRA_ke]

@Henrymirie your company’s complaint was duly received and resolved based on the evidence provided by both your company and the SACCO, and in accordance with the applicable law.

You were also advised that, should you remain dissatisfied with the outcome, you have the right to pursue any other legal remedies available to you.
To the best of the Authority’s knowledge, the complaint concerned your company’s request for an additional loan and did not involve any threat to the savings or deposits held by your company in the SACCO.

Please note that the Authority’s mandate does not extend to compelling a SACCO to grant a loan to a member where the SACCO has determined that the member does not qualify for the amount applied for.

[Michael mirie @Henrymirie]

Pushing members toward third-party buyouts instead of executing an unbiased audit of predatory practices is a clear abdication of your statutory duty.#SecuringSACCOFunds

[The SACCO Regulator @SASRA_ke]

@Henrymirie your company’s complaint was duly received and resolved based on the evidence provided by both your company and the SACCO, and in accordance with the applicable law.

You were also advised that, should you remain dissatisfied with the outcome, you have the right to pursue any other legal remedies available to you.
To the best of the Authority’s knowledge, the complaint concerned your company’s request for an additional loan and did not involve any threat to the savings or deposits held by your company in the SACCO.

Please note that the Authority’s mandate does not extend to compelling a SACCO to grant a loan to a member where the SACCO has determined that the member does not qualify for the amount applied for.

[Michael mirie @Henrymirie]

Your compliance department has chosen to rely on unverified, one-sided minutes from an alleged meeting that never took place, while completely ignoring broken promises, withheld collateral, and account manipulation. #SecuringSACCOFunds

[The SACCO Regulator @SASRA_ke]

@Henrymirie your company’s complaint was duly received and resolved based on the evidence provided by both your company and the SACCO, and in accordance with the applicable law.

You were also advised that, should you remain dissatisfied with the outcome, you have the right to pursue any other legal remedies available to you.
To the best of the Authority’s knowledge, the complaint concerned your company’s request for an additional loan and did not involve any threat to the savings or deposits held by your company in the SACCO.

Please note that the Authority’s mandate does not extend to compelling a SACCO to grant a loan to a member where the SACCO has determined that the member does not qualify for the amount applied for.

[Michael mirie @Henrymirie]

@SASRA_ke
This is a deliberate misrepresentation. My dispute is NOT about compelling an institution to grant a loan,I fully respect that you lack that mandate.The real issue is your total failure to protect a member from a predatory SACCO using unconventional, methods.

[The SACCO Regulator @SASRA_ke]

@Henrymirie your company’s complaint was duly received and resolved based on the evidence provided by both your company and the SACCO, and in accordance with the applicable law.

You were also advised that, should you remain dissatisfied with the outcome, you have the right to pursue any other legal remedies available to you.
To the best of the Authority’s knowledge, the complaint concerned your company’s request for an additional loan and did not involve any threat to the savings or deposits held by your company in the SACCO.

Please note that the Authority’s mandate does not extend to compelling a SACCO to grant a loan to a member where the SACCO has determined that the member does not qualify for the amount applied for.

[Michael mirie @Henrymirie]

@SASRA_ke
@CoopsandMSMEs
@smutoro
@Thuranira_1
Where you draw the line is when members rights are violated by the same SACCO's you claim to regulate but you treat with such contempt when they complain about malpractices.

[The SACCO Regulator @SASRA_ke]

Yesterday, the Authority appeared before the National Assembly Departmental Committee on Trade, Industry and Cooperatives to deliberate on the proposed Sacco Societies (Amendment) Bill, 2025.

Led by Chief Executive Officer David Sandagi, the Authority briefed the Committee on the proposed reforms aimed at strengthening prudential supervision, safeguarding members’ savings and enhancing the long-term stability of the SACCO sector.

The Committee emphasized the need for stronger protection of members’ deposits while avoiding unnecessary administrative requirements that could complicate SACCO operations or affect access to affordable credit.

Members also raised concerns regarding the proposed compensation limit of KSh 100,000 per depositor under the deposit insurance framework and called for consideration of a more equitable model.

The Authority further explained that the Bill would facilitate shared technological platforms, enabling smaller SACCOs to access modern systems, reduce compliance costs and benefit from economies of scale.

SASRA appreciates the Committee’s guidance and remains committed to supporting a progressive and responsive legal framework that protects SACCO members while promoting a stable and sustainable sector.
Photos: Courtesy
#SecuringSACCOFunds #SASRA #SACCOIndustry

[Michael mirie @Henrymirie]

I request your assistance in addressing an issue concerning @SASRA_ke, which appears to be misusing its mandate and influence to protect SACCOs, thereby frustrating and denying members their rights.@AnuarSaddat @NyakundiReport @Petermuteti22 @Kibet_bull @MwangiBonnie @Thuranira_1

[Michael mirie @Henrymirie]

Despite providing clear evidence, the regulator appears to have opted to protect the SACCO rather than safeguarding the members' savings.