Three-Week SACCO Supervision Training
June 19-23, June 26-30 and September 18-22, 2017
Nairobi, Kenya

​​​The International Credit Union Regulators’ Network (ICURN) and the Kenya School of Monetary Studies have joined forces to offer an intensive 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 will be conducted in three separate sessions: the first two sessions will be conducted consecutively in June 2017 and the third session will occur in September 2017.  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 Mr. Babacar Sambe , a certified  trainer by 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 a capstone session in third course.  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 will be reviewed by a subset of ICURN members who are supervisors of financial cooperatives in G20 and non-G20 countries.  This will be coordinated by the ICURN Chair, Martin Stewart, which is also the director of Bank, Building Society and Credit Union Supervision at the Bank of England, to ensure high quality of the program.  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.


The cost to attend each week is US$1,635 which is inclusive of five full days of training, hard and electronic copies of training materials, certification of completion, group photo, lunches and morning and afternoon tea breaks.  The cost for all three session is $4,905.  Full breakfast, dinner and lodging on campus of the Kenya School of Monetary Studies in newly rooms is available for US$80 per night.​

Click hereto register now. Registration deadline is June 5, 2017.

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 19-23, 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 – June 26-30, 2017


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

SESSION III: 5 days – Sept. 18-22, 2017


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