SACCO Supervision Training
April 9-13, 2018
Nairobi, Kenya

​​​The International Credit Union Regulators’ Network (ICURN) and the Kenya School of Monetary Studies have joined forces to repeat the offering of their popular intensive and case-study based training program for supervisors of savings and credit cooperatives and microfinance institutions.  The program has been developed specifically for the needs of East African supervisors.  The program is conducted in three separate sessions: the first two sessions have already taken place and the final session will occur on April 9-13, 2018.  At the end of each session a written examination will be administered to help reinforce the training materials.  In addition, at the end of the second session, each supervisor will be required to select a topic and write a short research paper as it applies to their jurisdiction should they wish to progress to the third session. 


The training program instructor are Mr. Dave Grace, Executive Director of ICURN, consultant to the World Bank, Asian Development Bank and the International Monetary Fund and Rose Njeri a certified  trainer of the Smart Campaign, a global effort to unite microfinance leaders. Mr. Grace has trained central bank supervisors in dozens of countries including East Africa. Martin Stewart, Director of Bank, Building Society and Credit Union Supervision at the Bank of England and Chairman of ICURN will lead the session in January.  The instructors will be supported by Ms. Lilliana Tangwall, Director of Membership at ICURN who has 15 years of experience working with financial cooperatives and developing training programs for such organizations and their supervisors.

Quality Assurance & Recognition

The training materials have been produced by international institutions  The training format will include interactive presentations, group exercises and case studies using data from SACCOs in Kenya and East Africa. Together these components will aim to make the training highly relevant and practical for the current challenges facing financial cooperative supervisors in Kenya and the region.

Upon successful completion of all three training sessions each participate will receive a certificate of completion that is co-signed by the Executive Directors of ICURN and the KSMS.

Registration and Location

The cost to attend each week is US$1,895 which is inclusive of five full days of training, hard and electronic copies of training materials, a sight visit to a SACCO, certification of completion, group photo, lunches and morning and afternoon tea breaks.  The training and lodging will be held on the 50-acre campus of the Kenya School of Monetary Studies just outside of Nairobi, Kenya.  Attendees will stay in newly built rooms at a cost of available for US$72 per night inclusive of breakfast and dinner.​

Click here  to register now.

About ICURN and KSMS

The International Credit Union Regulators' Network (ICURN) is an independent and not-for-profit association of financial cooperative supervisors from around the world.  It provides supervisor training and is governed by a board of director comprised of its member supervisors.  Its Secretariat office is based in the USA.

The Kenya School of Monetary Studies (KSMS) is a statutory corporation of Kenya association with the Central Bank of Kenya and created to deliver international best practice knowledge based capacity building programmes driven by the demands of the financial sector in Kenya and the Region. More information about the Kenya School of Monetary Studies, the training institution for the Central Bank of Kenya, can be found at

About the Course

SESSION I:   5 days  - June 18-22, 2017


  • International Financial System & African Context
  • SACCO History and Development
  • Financial Institution Accounting
  • Financial Analysis
  • Principles and Methods of Bank, MFI & SACCO Risk-Based Supervision

SESSION II: 5 days – September 25-29, 2017


  • Financial Stability, Integrity, Protection and Inclusion Trade Offs
  • Market Conduct Supervision
  • Financial Consumer Protection
  • Assessing Risks of new Channels (agents, mobile money)
  • Regional policy issues

SESSION III: 5 days – April 9-13, 2018


  • Cybersecurity & Vendor Oversight
  • Wholesale SACCOs
  • Coop Conglomerates
  • Risk Weighted Capital
  • Asset & Liability Management
  • Stress Testing
  • Enforcement Actions & Problem Resolution