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01 Dec
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Top 10 SACCOs in Kenya

SACCOs provide members with a range of saving and investment opportunities; helping them grow financially. They are seen as vehicle for development for most government and county government employees and other public service officers as most SACCOs are specifically set to cater for their departmental or ministerial members. We analyse 10 SACCOs in Kenya and evalutet their membership and opportunies offered to members.

Do you want to invest in a SACCO? How do you know which is worthy investing in? Today, there are many SACCOs mushrooming all over to try and quench the thirst of uninformed investors out for quick returns on their investments. These eventually collapse due to mismanagement of resources and misappropriation of members’ deposits. The only way to avoid such pitfalls is to find the best SACCOs that have lasted over time and are well managed and bring tangible returns to its members and provide loaning facilities to help in personal and business growth. The list below of the 10 best SACCOs in Kenya researched by Sino Soft Classified that members can save and invest and expect good returns and keep away from fraudsters after their hard-earned money. Also, learn to differentiate between a Sacco and a microfinance insititution to help you make an informed decision on which will fit your financial obligations.

The Sacco and Societies Regulatory Authority (SASRA) is a governmental organization mandated to oversees and regulates the SACCO activities in Kenya. Therefore, the first step to knowing if a SACCO is worth your investment is to check if it’s listed among SACCOs registered by the organization.

Below is a list of 10 SACCOs in Kenya. They are not enumerated based on performance.

Best Investment Saccos in Kenya

1. Unaitas SACCO

Unaitas SACCO was started in 1993 as a cooperative society known as Murang’a Tea Growers. It adopted the name Muramati SACCO in 2007 when it opened up to cater for medium size entrepreneurs and salaried employees. In 2012, it rebranded again to Unaitas to reflect its diversity in membership.

Unaitas SACCO

Unaitas is widely known for business investments, and it’s famous for small-scale investors. It gives out loans to members up to three times the member’s savings. With repayment interests ranging between 1% and 1.5% per month on a reducing balance, with loan periods being extended to 72 months.

2. Kenya National Police SACCO

The Kenya National Police DT SACCO was registered November 1972 with a membership of only 690. Today, it boasts of more than 63,000 members.

The Kenya National Police DT SACCO

Members can take loans of three times their investment. The interests in loans from the Kenya Police DT SACCO are slightly high, and loans can be repaid to a maximum period of 48 months. However, this SACCO is well known for its excellence in services to investors. It offers low interest loans, high annual dividend and interest on deposits, affordable property with investment cooperative and allows loan clearance on behalf of members.

3. Stima DT SACCO

The SACCO was started in 1974 to serve the East Africa Power & Lighting Company and has seen tremendous growth since then to over 141,000 members. These are derived from the energy, utilities, education, services, diaspora, individuals, groups/chamas, small and micro enterprises (SMEs) among other sectors.

Stima DT SACCO offers loans up to two times the member’s savings. The interests charged on loans are as low as 1% per month with a reducing balance. The loan periods are extendable for up to 60 months.

Stima DT SACCO has branches in Nairobi, Mombasa, Kisumu, Eldoret, Embu, Nakuru and Olkaria. It is one of the best performing DT SACCOs in Kenya 2021.

4. K-Unity SACCO

Kiambu Unity Finance Cooperative Union Ltd is now K-Unity SACCO was registered in 1974 as a merger between Limuru Marketing Co-operation Union and Kiambu Dairy Marketing Union to act as a means of facilitating savings and credit facilities for dairy and pyrethrum societies within Kiambu County. It has over 100,000 members drawn from Kiambu, Nairobi, Nakuru, Narok and Nyandarua counties.


New members get vetted through the membership policy before being registered. SACCO is famous for small businesses growth. K-Unity SACCO gives loans up to four times the member’s savings at an interest of 1% per month at a reducing balance.

5. Waumini SACCO

Waumini is a SACCO founded by the Catholic Church for members of the church groups, corporate institutions and individuals. Together, it boasts of over 33,000 members including those drawn from across the 26 dioceses in Kenya. The SACCO gives loans of up to three times the member’s savings.

The loan is repaid within five years at an interest rate of 12.5% per annum. The SACCO has four branches in Nairobi (2), Nakuru and Kisii. This SACCO is best for short-term projects.

6. Mhasibu SACCO

This SACCO is registered in Kenya by the Institute of Certified Public Accountants of Kenya (ICPAK) to provide savings and affordable credit facilities to its members. The membership has been opened to members of other professions, as of 2019. Started in 1986 with a paltry 37 members, it has grown to over 18,000 as of 2019.

It provides loan products at manageable repayment amounts, longer repayment period and interest on a reducing balance up to 72 months. Maximum loan entitlement is 4 times total deposits plus shares.

7. Hazina SACCO

The SACCO was founded in 1971 and initially drew its members from the Ministry of Finance and Planning, but has opened up to allow membership from other ministries, parastatals, county governments and the private sector. Currently, it boasts of over 19,000 members.

The SACCO offers loans up to 4 times the member’s savings and 4.5 time for first time loanies. The interest charged is 1% per month on a reducing balance. The loan period is extendable to 72 months.

8. Wanandege SACCO

This SACCO was started in 1977 for Kenya’s aviation industry as well as other members of the business community at large, helping them to save, invest, as well as offer credit facilities for education, medical and development. Currently, the Sacco has two branches, one in Nairobi and the other in Mombasa.

Members of the SACCO can access loans up to three times their savings. The loan period does not exceed four years, and interest of 1% per month with a reducing balance is charged.

9. Harambee DT SACCO

Harambee SACCO was started in 1969 employees at the Office of the President, coming together for form a merry-go-round. Today, the SACCO commands an asset base of over Ksh.32.5 billion with a membership of over 70,000. It has branches in Nairobi, Mombasa, Kisumu, Eldoret, Nakuru and Nanyuki.

The SACCO membership is open to all. Although one has to qualify through the membership policy before being declared a member. Members of the SACCO can access loans up to three times their savings for a period not exceeding four years.

10. Safaricom SACCO

Safaricom SACCO was formed in the year 2001 to provide Safaricom members with the opportunity to access loans to develop and improve their economic and social status. It started with 222 members but has grown to 12,000 members drawn from Safaricom Ltd and other technology related companies (over 100).

Different SACCOs have different modes of operation and management of the deposits made by members. As a result, you should look for a SACCO whose conditions favor and work towards fulfilling your interests as an investor. Investing in legitimate SACCOs is one of the best ways to safeguard your money for future use.

Features of 10 SACCOs in Kenya

The following are features of investment SACCOs in Kenya.

  • A well-managed SACCO will encourage you to work with them to help you grow yourself or your group
  • Good SACCOs make great investment decisions, ensuring members get good returns on their investment
  • It will safeguard your interests as a stakeholder and offer you avenues to expand your wealth with minimal risk.
  • It gives priority to members when it comes to investment decisions and offering of credit facilities
  • It should be easily accessible either physically or through unmatched customer service when questions arise and you need their help for clarification

SACCOs that put the investors’ welfare as the last option are likely to flop. In that case, it is not advisable to invest in such SACCOs since the collapse of a SACCO means loss of invested money.

Comments (3)
  • author
    George Okinda

    Wonderful Read, thanks for sharing this

  • author

    Thank you very much for sharing, I learned a lot from your article. Very cool. Thanks

    • author
      Sino Soft Classifieds

      Hello Nimabi,

      We are glad you’ve learnt from our blog article. Thank you

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