Last Updated on May 11, 2023
If you are looking for the best performing SACCOs in Kenya, this article is for you. Finding the Best SACCOs in Kenya is everyone’s desire. With the increase in SACCOS in Kenya today, one can easily fall victim to scams posing as investment SACCOS.
SASRA regulates savings And Credit Cooperative Organizations (SACCO). The Sacco And Societies Regulatory Authority (SASRA) is a governmental organization mandated to oversee SACCO activities in Kenya. Therefore, the first step to knowing if a SACCO is worth your investment is to check if SASRA has a list of registered SACCOs in Kenya 2023.
RELATED: Highest Dividend Paying Sacco in Kenya
But how do you choose the Best Saccos in Kenya today? This article highlights a reasonable investment SACCO feature and a list of the top SACCOs in Kenya 2023.
Table of Contents
Top 10 Kenya Best Performing Saccos In 2023
Here are the top 10 Best Saccos in Kenya 2023.
- Unaitas SACCO
- Kenya Police SACCO
- Stima SACCO
- K-Unity SACCO
- Waumini SACCO
- Maisha Bora SACCO
- Hazina SACCO
- Wanandege SACCO
- Harambee SACCO
- Imarika SACCO.
Unaitas SACCO
Unaitas SACCO was started in 1993 as a cooperative society known as Muramati in Murang’ a County. It has grown over the years in various parts of the country. Today, Unaitas SACCO is a deposit-taking SACCO.
Unaitas SACCO is widely known for business investments, and it’s famous for small-scale investors. This SACCO gives out loans to members up to three times the member’s savings. With repayment interests ranging between 1% and 1.5% per month with a reducing balance, loan periods can be extended to 72 months.
Kenya Police SACCO
Another best Sacco in Kenya 2021 is The Kenya police SACCO, founded in 1972 to serve those who worked in the Kenya Police Force. Currently, the SACCO is open to all Kenyans and has a membership of over 52,000.
Loans offered to members are three times the members’ investment. The loan interest in the Kenya Police SACCO is slightly high, and loans take 48 months. However, this SACCO is well known for its excellent services to investors.
The Kenya Police SACCO headquarters is located in the Ngara area, Nairobi.
Stima SACCO
Stima SACCO is famous for its land investments. The SACCO was started in 1974 and has seen tremendous growth since then. Currently, the SACCO has five branches across the country.
This SACCO offers loans up to two times the member’s savings. The loan’s interest is as low as 1% per month with a reducing balance. The loan periods are extendable for up to 60 months.
Stima SACCO has branches in Nairobi, Mombasa, Kisumu, Eldoret, and Olkaria. It is considered one of the best performing SACCOs in Kenya 2021.
K-Unity SACCO
This SACCO is majorly centered in Nairobi and Kiambu regions. It was formerly registered in 1974. The SACCO membership is open to all but through vetting.
New members get vetted through the membership policy before being registered. SACCO is famous for small business 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.
Waumini SACCO
Waumini is a SACCO founded by the Catholic Church for congregation members. 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 anum.
This SACCO is best for short-term projects, not long-term ones like home construction.
Maisha Bora SACCO
The SACCO was started in 1974 by a group of employees from the Unilever company. Currently, the SACCO offers membership to all interested persons.
The SACCO gives loans up to three times the member’s investment. The loans are charged an interest of 1% per month on a reducing balance. The loan periods in this SACCO do not exceed six years.
Hazina SACCO
This SACCO focuses on county government employees, National government employees, government organization employees, and private sector employees.
The SACCO was founded in 1971 and has grown to become a deposit-taking SACCO society with a membership of over 15,000.
The SACCO offers loans up to 3.5 times the member’s savings. The interest charged is 1% per month on a reducing balance. The loan period is extendable to 72 months.
Wanandege SACCO
This SACCO was started in 1977 for Kenya’s airline and aviation staff. The Sacco has two branches, one in Nairobi and the other in Mombasa.
The SACCO is open to all members from the aviation industry and other non-related companies. 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.
Harambee SACCO
Harambee SACCO was started in 1970 by low-income earners and subordinate staff at the president’s office. Today, the SACCO commands an asset base of over Ksh.19 billion with a membership of over 80,000.
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.
Imarika SACCO
Imarika SACCO was started in 1974 by employees of the Teacher Service Commission in Kilifi. During its registration, Imarika SACCO had only 100 members. The SACCO has grown over time, and currently, it has over 37,000 members.
Members of Imarika SACCO can access loans up to two times their savings at a 12.5% monthly interest. The allowed repayment period for loans from Imarika SACCO is five years.
Different SACCOs have different modes of operation. Therefore, you should look for one whose conditions favor your interests as an investor. Investing in legitimate SACCOs is one of the best ways to safeguard your money for future use.
Features of Investment SACCOs in Kenya
The following are features of investment SACCOs in Kenya.
- A good Investment in SACCO in Kenya will boost your confidence when investing in it.
- Good Investment SACCOs in Kenya will provide you with the relevant information to make investments with good returns.
- A good SACCO will safeguard your interests as a stakeholder and offer you avenues to expand your wealth with minimal risk.
- SACCOs that put the investors’ interests as the last option are likely to collapse. It is not advisable to invest in such SACCOs since the collapse of a SACCO means losing the invested money.
Complete List Of SACCOs In Kenya
Here is the complete list of SACCOs in Kenya licensed under The SACCO Societies Act to undertake deposit-taking business in Kenya.
No. | SACCO |
1 | 2NK Sacco Society Ltd |
2 | Acumen Sacco Society Ltd |
3 | Afya Sacco Society Ltd |
4 | Agro-Chem Sacco Society Ltd |
5 | Ainabkoi Sacco Society Ltd |
6 | Airports Sacco Society Ltd |
7 | Amica Sacco Society Ltd |
8 | Ammar Sacco Society Ltd |
9 | Ardhi Sacco Society Ltd |
10 | Asili Sacco Society Ltd |
11 | Azima Sacco Society Ltd |
12 | Bandari Sacco Society Ltd |
13 | Baraka Sacco Society Ltd |
14 | Baraton University Sacco Society Ltd |
15 | Biashara Sacco Society Ltd |
16 | Biashara Tosha Sacco Society Ltd |
17 | Bi-High Sacco Society Ltd |
18 | Bingwa Sacco Society Ltd |
19 | Boresha Sacco Society Ltd |
20 | Capital Sacco Society Ltd |
21 | Centenary Sacco Society Ltd |
22 | Chai Sacco Society Ltd |
23 | Chuna Sacco Society Ltd |
24 | Comoco Sacco Society Ltd |
25 | Cosmopolitan Sacco Society Ltd |
26 | County Sacco Society Ltd |
27 | Daima Sacco Society Ltd |
28 | Dhabiti Sacco Society Ltd |
29 | Dimkes Sacco Society Ltd |
30 | Dumisha Sacco Society Ltd |
31 | Eco-Pillar Sacco Society Ltd |
32 | Egerton Sacco Society Ltd |
33 | Elimu Sacco Society Ltd |
34 | Enea Sacco Society Ltd |
35 | Faridi Sacco Society Ltd |
36 | Fariji Sacco Society Ltd |
37 | Fortitude Sacco Society Ltd |
38 | Fortune Sacco Society Ltd |
39 | Fundilima Sacco Society Ltd |
40 | GDC Sacco Society Ltd |
41 | Golden Pillar Sacco Society Ltd |
42 | Good Faith Sacco Society Ltd |
43 | Goodhope Sacco Society Ltd |
44 | Goodway Sacco Society Ltd |
45 | Gusii Mwalimu Sacco Society Ltd |
46 | Harambee Sacco Society Ltd |
47 | Hazina Sacco Society Ltd |
48 | Ilkisonko Sacco Society Ltd |
49 | Imarika Sacco Society Ltd |
50 | Imarisha Sacco Society Ltd |
51 | Invest and Grow (IG) Sacco Society Ltd |
52 | Jacaranda Sacco Society Ltd |
53 | Jamii Sacco Society Ltd |
54 | Jitegemee Sacco Society Ltd |
55 | Joinas Sacco Society Ltd |
56 | Jumuika Sacco Society Ltd |
57 | Kencream Sacco Society Ltd |
58 | Kenpipe Sacco Society Ltd |
59 | Kenversity Sacco Society Ltd |
60 | Kenya Achievas Sacco Society Ltd |
61 | Kenya Bankers Sacco Society Ltd |
62 | Kenya Highlands Sacco Society Ltd |
63 | Kenya Midland Sacco Society Ltd |
64 | Kenya Police Sacco Society Ltd |
65 | Kimbilio Daima Sacco Society Ltd |
66 | Kimisitu Sacco Society Ltd |
67 | Kingdom Sacco Society Ltd |
68 | Kipsigis Edis Sacco Society Ltd |
69 | Kite Sacco Society Ltd |
70 | Kitui Teachers Sacco Society Ltd |
71 | Kolenge Tea Sacco Society Ltd |
72 | Koru Sacco Society Ltd |
73 | K-Pillar Sacco Society Ltd |
74 | K-Unity Sacco Society Ltd |
75 | Kwetu Sacco Society Ltd |
76 | Lainisha Sacco Society Ltd |
77 | Lamu Teachers Sacco Society Ltd |
78 | Lengo Sacco Society Ltd |
79 | Mafanikio Sacco Society Ltd |
80 | Magadi Sacco Society Ltd |
81 | Magereza Sacco Society Ltd |
82 | Maisha Bora Sacco Society Ltd |
83 | Mentor Sacco Society Ltd |
84 | Metropolitan National Sacco Society Ltd |
85 | MMH Sacco Society Ltd |
86 | Mombasa Port Sacco Society Ltd |
87 | Mudete Factory Tea Growers Sacco |
88 | Muki Sacco Society Ltd |
89 | Mwalimu National Sacco Society Ltd |
90 | Mwietheri Sacco Society Ltd |
91 | Mwito Sacco Society Ltd |
92 | Nacico Sacco Society Ltd |
93 | Nafaka Sacco Society Ltd |
94 | Nandi Farmers Sacco |
95 | Nanyuki Equator Sacco Society Ltd |
96 | Nation Sacco Society Ltd |
97 | Nawiri Sacco Society Ltd |
98 | Ndege Chai Sacco Society Ltd |
99 | Ndosha Sacco Society Ltd |
100 | New Forties Sacco Society Ltd |
101 | Nexus Sacco Society Ltd |
102 | Ng’arisha Sacco Society Ltd |
103 | Noble Sacco Society Ltd |
104 | NRS Sacco Society Ltd |
105 | NSSF Sacco Society Ltd |
106 | Nufaika Sacco Society Ltd |
107 | Nyala Vision Sacco Society Ltd |
108 | Nyambene Arimi Sacco Society Ltd |
109 | Nyamira Tea Farmers Sacco Society Ltd |
110 | Nyati Sacco Society Ltd |
111 | Ollin Sacco Society Ltd |
112 | Orient Sacco Society Ltd |
113 | Patnas Sacco Society Ltd |
114 | Prime Time Sacco |
115 | PUAN Sacco Society Ltd |
116 | Qwetu Sacco Society Ltd |
117 | Rachuonyo Teachers Sacco Society Ltd |
118 | Safaricom Sacco Society Ltd |
119 | Sheria Sacco Society Ltd |
120 | Shirika Deposit Taking Sacco Society Ltd |
121 | Shoppers Sacco Society Ltd |
122 | Simba Chai Sacco Society Ltd |
123 | Siraji Sacco Society Ltd |
124 | Skyline Sacco Society Ltd |
125 | Smart Champions Sacco Society Ltd |
126 | Smart-Life Sacco Society Ltd |
127 | Solution Sacco Society Ltd |
NO. | NAME OF SOCIETY |
128 | Sotico Sacco Society Ltd |
129 | Southern Star Sacco Society Ltd |
130 | Stake Kenya Sacco Society Ltd |
131 | Stawisha Sacco Society Ltd |
132 | Stima Sacco Society Ltd |
133 | Suluhu Sacco Society Ltd |
134 | Supa Sacco Society Ltd |
135 | Tabasamu Sacco Society Ltd |
136 | Tabasuri Sacco Society Ltd |
137 | TAI Sacco Society Ltd |
138 | Taifa Sacco Society Ltd |
139 | Taqwa Sacco Society Ltd |
140 | Taraji Sacco Society Ltd |
141 | Telepost Sacco Society Ltd |
142 | Tembo Sacco Society Ltd |
143 | Tenhos Sacco Society Ltd |
144 | Thamani Sacco Society Ltd |
145 | The Apple Sacco Society Ltd |
146 | Times-U Sacco Society Ltd |
147 | Tower Sacco Society Ltd |
148 | Trans- Elite County Sacco Society Ltd |
149 | Trans Nation Sacco Society Ltd |
150 | Trans-Counties Sacco Society Ltd |
151 | Trans-National Times Sacco Society Ltd |
152 | Uchongaji Sacco Society Ltd |
153 | Ufanisi Sacco Society Ltd |
154 | Ukristo Na Ufanisi Wa Anglicana Sacco |
155 | Ukulima Saco Society Ltd |
156 | Unaitas Sacco Society Ltd |
157 | Uni-County Sacco Society Ltd |
158 | Unison Sacco Society Ltd |
159 | United Nations Sacco Society Ltd |
160 | Universal Traders Sacco Society Ltd |
161 | Ushuru Sacco Society Ltd |
162 | Vihiga County Farmers Sacco Society Ltd |
163 | Viktas Sacco Society Ltd |
164 | Vision Africa Sacco Society Ltd |
165 | Vision Point Sacco Society Ltd |
166 | Wakenya Pamoja Sacco Society Ltd |
167 | Wakulima Commercial Sacco Society Ltd |
168 | Wana-anga Sacco Society Ltd |
169 | Wananchi Sacco Society Ltd |
170 | Wanandege Sacco Society Ltd |
171 | Washa Sacco Society Ltd |
172 | Waumini Sacco Society Ltd |
173 | Wevarsity Sacco Society Ltd |
174 | Winas Sacco Society Ltd |
175 | Yetu Sacco Society Ltd |