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Kenya
1974 (52 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know NewFortis Sacco
Company Information
Get to know NewFortis Sacco
NewFortis Sacco, formerly known as Nyeri Teachers Sacco, was registered in 1976 with the primary objective of serving teachers within the Nyeri District. It has since expanded its mandate and membership, opening its common bond to include individuals from various professions, business entities, and corporate institutions across Kenya. The Sacco's mission is to mobilize savings, provide affordable credit, and offer competitive financial solutions to its members, all guided by co-operative principles to promote their socio-economic empowerment. It is licensed and regulated by the Sacco Societies Regulatory Authority (SASRA) in Kenya.
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