List Of Best Saccos To Join In Kenya 2024

This is a list of the best SACCOs to join in Kenya as of 2024.  Saccos in Kenya mainly strive to bring together people with similar financial backgrounds/ characteristics for a common purpose of saving and investment. There are several Saccos in Kenya that offer such opportunities. However, not all have managed to safeguard the interests of their members to an efficient level.

Here is a detailed list of the best SACCOs in Kenya that you can join.

List Of Best Managed and Performing Saccos To Join In Kenya

1. Stima Sacco

Stima Sacco is a leading countrywide fast-growing and licensed deposit-taking Sacco with an asset base of about Kshs. 53.78billion. It offers amazing savings and credit products such as development loans, asset financing, biashara loans and mortgages. The Sacco is open for any member to join. It has branches in Nairobi, Kisumu, Eldoret, Nakuru, Embu and Mombasa.

2. Mwalimu National Sacco

Mwalimu National Sacco is the largest African Sacco with a membership drawn from teachers in Kenya. It offers various products and services such as business loans, welfare services, Back Office Services Activities (BOSA) and FOSA products. Membership is only for teachers, Sacco employees and the Teachers Service Commission employees. The Sacco has an asset base of 64.06 billion.

3. Nyati Sacco 

Nyati Sacco offers a wide range of financial services to its members, including savings, loans and investments. It is the highest dividend-paying Sacco in Kenya, with a dividend payout rate of 21% on its share capital.

4. Amica Sacco

Amica is one of the best SACCOs to join in Kenya. It is a Tier One Sacco that was started in 1966 by coffee farmers in Muranga but later opened its bond to serve all sectors. The Sacco rebranded in 2016 and is currently operating as Amica Savings & Credit, or simply as Amica Sacco. It has an asset base of 6.45 billion.

Amica Sacco’s banking channels include Mobile Banking, Sacco Agency, Visa Card, chequebooks, Pay bills, and Money transfer services like Pesalink and RTFT. The Sacco has 18 branches and more than 360 agents spread across Nairobi, Kiambu, and Muranga Counties.

Members are given loans at ten (10) times their savings, popularly known as Investa. Loans are repayable for up to 5 years and the interest is charged from as low as 1% per month on reducing balance.

Contact: 0729 333 444

Check out more of their services at www.amicacs.co.ke

5. Afya Sacco

Afya Sacco is one of the largest deposit taking Saccos in Kenya with an asset base of 20.94 billion. It is a democratic, member driven and self help financial institution, owned and governed by members who share the common bond.

6. Ports Sacco

Ports Sacco is a tier 1 licensed deposit taking Sacco with a diverse membership coming from salaried and non-salaried individuals, investment groups, corporates, sole businesses and from people in the diaspora. It is one of the highest dividend paying Saccos in Kenya with a dividend payout rate of 20% on share capital.

7. Trans Nation Sacco

Trans Nation Sacco is one of the best and highest dividend paying Saccos in Kenya. It is a SASRA compliant deposit-taking Sacco with a membership of over 37,000 in BOSA and over 75,000 accounts in FOSA. The Sacco’s head office is located in Chuka Town with other branches in different parts of the country.

8. Harambee Sacco Society

Harambee Sacco mainly draws its membership from the National government, County government, government parastatals, constitutional bodies, Kenya Defence Forces, National police service, National youth service and government departments. It is also open to members of the private sector. It currently has an asset base of 37.01 billion.

9. Magadi Sacco

Magadi Sacco is a SASRA compliant Sacco that began its operations in 1977. The Sacco’s membership is open to all. It offers a wide range of BOSA and FOSA products. It is also one of the highest dividend paying Saccos in Kenya with a dividend payout rate of 20% on share capital.

10. Hazina Sacco

Hazina Sacco is a nationwide deposit taking Sacco with an asset base of Kshs 12.76 billion. It offers high interest on deposits and dividend on share capital. Membership is open to employees of the national and county governments, parastatals and private organisations.

11. Sheria Sacco

Sheria Sacco was formally registered in 1972 with a growing membership of over 10,000 members pooled from the judiciary, AG chambers, various government ministries, business persons and anyone above the age of 18 years with an income. It is one of the highest dividend paying Saccos in Kenya with a dividend payout rate of 16%.

12. Kenya Police Sacco

Kenya Police Sacco started operating in 1973 to mobilise savings and provide affordable credit facilities. The Sacco has an asset base of 48.98 billion and a loan portfolio of Kshs. 26 billion. It draws its membership from serving and retired police officers, employees of the Kenya police service and Sacco, employees of the civil service, the business community and employees from corporate entities.

13. Unaitas Sacco

Unaitas Sacco is a deposit-taking Sacco which was licensed under the Sacco Societies Act, 2012 and with an asset base of 20.40 billion. It offers saving products and loan products such as development loans, biashara loans, inuka loans, project loans, kilimo poa advance, business quick fixes and maono advance loans.

14. Imarisha Sacco

Imarisha Sacco is one of the leading Saccos in Kenya with an asset base of 19.82 billion. The Sacco takes pride in exceptional customer service, effective technology, continuous innovations and a branch network of 14 units spread across the country.

15. Tower Sacco

Tower Sacco is one of the largest and most successful Saccos in Kenya, with a membership of over 250,000 and an asset base of 19.57 billion. It offers a wide range of financial products and services including loans, savings accounts and investment products.

16. Ukulima Sacco 

Ukulima Sacco is one of the best and largest deposit-taking Saccos in Kenya with an asset base of 14.66 billion. The Sacco offers a comprehensive range of impactful lending options, savings and investment products across its branches countrywide.

17. Invest & Grow Sacco (IG Sacco)

IG Sacco is one of the largest deposit taking Saccos in Kenya with an asset base of 12.96 billion. It is one of the best managed and highest deposit taking Saccos in Kenya. Its dividend payout rate is 17% on share capital.

18. Ollin Sacco

Ollin Sacco is headquartered in Kerugoya Town. It is a licensed deposit taking Sacco that offers affordable financial services that empower members socially and economically. It stands out as one of the highest dividend paying Saccos in Kenya with a dividend payout rate of 17.5%.

19. Bandari Sacco

Bandari Sacco is a licensed deposit taking Sacco with an asset base of 12.01 billion and a membership of over 18,000. It promotes thrift, provides credit services at competitive interest rates with the aim of contributing to the financial strength and general wellbeing of its members.

20. Mafanikio Sacco

Mafanikio Sacco is a SASRA compliant deposit taking Sacco that provides financial empowerment through the provision of quality financial services to members, by encouraging high quality savings mobilisation of funds, strong capitalisation, prompt credit availability and continued member’s awareness. The Sacco’s dividend payout rate is 18%, making it one of the highest dividend paying Saccos in Kenya.

Zack Abuyeka

I am the third eye.My duty is to keep you updated of the current trends and events happening round the globe.