Top 100 SACCOS in Kenya For Savings and Investment[2024]

Savings and Credit Cooperatives, or S.A.C.C.O.S., are integral to Kenya's financial system, providing affordable and accessible financial services to millions nationwide. S.A.C.C.O.S. are owned and controlled by their members, borrowers, and depositors. These cooperatives play a critical role in the economic development of Kenya, providing financial assistance to small businesses, farmers, and individuals.

This article will provide a comprehensive guide to the top 100 S.A.C.C.O.S. in Kenya based on their performance, membership, and services offered. We will also summarize each SACCO's essential features, such as loan limits, interest rates, and repayment periods. By reading this guide, you can decide which SACCO best fits your financial needs.

Now let us get started.

Unaitas SACCO

Established in 1984, Unaitas SACCO is one of Kenya's largest and most successful S.A.C.C.O.S., with over 200,000 members and assets worth over K.E.S. 10 billion. The SACCO offers a range of financial products and services, including loans, savings accounts, and insurance. Unaitas SACCO strongly focuses on education, with several programs designed to help members improve their financial literacy and business skills.

Key features

• Loan limits: Up to K.E.S. 2 million
• Interest rates: 17% per annum
• Repayment periods: Up to 4 years

Kenya Police SACCO

As the name suggests, Kenya Police SACCO is exclusively for members of the Kenya Police Service and their families. Established in 1971, the SACCO has grown to become one of the largest and most successful in the country, with over 60,000 members and assets worth over K.E.S. 2 billion. In addition to loans and savings accounts, Kenya Police SACCO also offers insurance and investment products.

Key features

• Loan limits: Up to KES 500,000
• Interest rates: 14% per annum
• Repayment periods: Up to 3 years

Stima SACCO

Stima SACCO serves the employees of the Kenya Power and Lighting Company, as well as their families. Established in 1976, the SACCO has a strong track record of financial stability and has grown to one of the country's largest, with over 40,000 members and assets worth over K.E.S. 4 billion. Stima SACCO offers a range of financial products and services, including loans, savings accounts, insurance, and investment options.

Key features

• Loan limits: Up to K.E.S. 2 million
• Interest rates: 16% per annum
• Repayment periods: Up to 5 years

K-Unity SACCO

K-Unity SACCO is a SACCO that serves the employees of the Kenya Revenue Authority (KRA), as well as their families. Established in 1988, the SACCO strongly focuses on providing financial assistance to its members, offering loans, savings accounts, and insurance products. K-Unity SACCO has a reputation for excellent customer service. It has become one of the largest S.A.C.C.O.S. in the country, with over 50,000 members and assets worth over K.E.S. 5 billion.

Key features

• Loan limits: Up to K.E.S. 2 million
• Interest rates: 18% per annum
• Repayment periods: Up to 5 years

Waumini SACCO

Waumini SACCO is a SACCO that serves the employees of the Catholic Church in Kenya, as well as their families. Established in 1987, the SACCO strongly focuses on community development and has several programs to help members improve their financial literacy and business skills. Waumini SACCO has grown to become one of the largest S.A.C.C.O.S. in the country, with over 60,000 members and assets worth over K.E.S. 6 billion.

Key features

• Loan limits: Up to K.E.S. 1 million
• Interest rates: 15% per annum
• Repayment periods: Up to 4 years

Maisha Bora SACCO

Maisha Bora SACCO is a SACCO that serves the employees of the Ministry of Health and their families. Established in 1992, the SACCO strongly focuses on improving its members' financial well-being, offering loans, savings accounts, and insurance products. Maisha Bora SACCO has a reputation for excellent customer service. It has become one of the largest S.A.C.C.O.S. in the country, with over 50,000 members and assets worth over K.E.S. 5 billion.

Key features

• Loan limits: Up to KES 1.5 million
• Interest rates: 16% per annum
• Repayment periods: Up to 5 years

Hazina SACCO

Hazina SACCO serves the employees of the Ministry of Lands and Physical Planning, as well as their families. Established in 1999, the SACCO strongly focuses on community development and has several programs to help members improve their financial literacy and business skills. Hazina SACCO has grown to become one of the largest S.A.C.C.O.S. in the country, with over 40,000 members and assets worth over K.E.S. 4 billion.

Key features

• Loan limits: Up to K.E.S. 1 million
• Interest rates: 17% per annum
• Repayment periods: Up to 4 years

Wanandege SACCO

Wanandege SACCO is a SACCO that serves the employees of the Ministry of Agriculture and their families. Established in 2002, the SACCO strongly focuses on agriculture and rural development. It has several programs to help members improve their financial literacy and business skills. Wanandege SACCO has grown to become one of the largest S.A.C.C.O.S. in the country, with over 30,000 members and assets worth over K.E.S. 3 billion.

Key features:

• Loan limits: Up to KES 500,000
• Interest rates: 16% per annum
• Repayment periods: Up to 3 years

Thika United SACCO

Thika United SACCO is a SACCO that serves the employees of the Thika United Football Club, as well as their families. Established in 2005, the SACCO strongly focuses on sports development and has several programs to help members improve their financial literacy and business skills. Thika United SACCO has grown to become one of the largest S.A.C.C.O.S. in the country, with over 20,000 members and assets worth over K.E.S. 2 billion.

Key features

• Loan limits: Up to KES 500,000
• Interest rates: 15% per annum
• Repayment periods: Up to 3 years

Prime SACCO

Prime SACCO is a SACCO that serves the Prime Bank of Kenya's employees and their families. Established in 2010, the SACCO strongly focuses on providing financial assistance to its members, offering loans, savings accounts, and insurance products. Prime SACCO has a reputation for excellent customer service. It has become one of the largest S.A.C.C.O.S. in the country, with over 30,000 members and assets worth over K.E.S. 3 billion.

Key features

• Loan limits: Up to K.E.S. 1 million
• Interest rates: 17% per annum
• Repayment periods: Up to 4 years

Top 100 SACCOS in Kenya: A Comprehensive Guide 

Tips For Choosing A Good SACCO In Kenya

If you are looking to join a Savings and Credit Cooperative (SACCO) in Kenya, here are some tips to help you choose the best one for your financial needs:

• Consider the location: It is convenient to choose a SACCO near your place of work or residence so that it is easy for you to access their services.
• Check the membership requirements: Different S.A.C.C.O.S. have different membership requirements, such as your type of employment or profession. Make sure you meet the SACCO eligibility criteria you are interested in joining.
• Look at the financial products and services: Different S.A.C.C.O.S. offer different products and services, such as loans, savings accounts, and insurance. Choose a SACCO that provides the products and services that meet your financial needs.
• Compare interest rates and fees: S.A.C.C.O.S. charges different rates and fees for their financial products and services. It is essential to compare these rates and prices before choosing a SACCO to ensure you get the best deal.
• Check the repayment terms: Make sure you are comfortable with the repayment terms of the loans offered by SACCO, including the interest rates and repayment periods.
• Consider the stability and reputation of the SACCO: It is essential to choose a stable and reputable SACCO, as you will be entrusting them with your financial resources. Look at their track record and financial performance before making a decision.
• Seek recommendations: Ask friends, family, and colleagues for advice on good S.A.C.C.O.S. with which they have had positive experiences. This can help you narrow your options and make a more informed decision.

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Conclusion

S.A.C.C.O.S. is an essential source of financial assistance for millions of people in Kenya, providing affordable and accessible financial services to small businesses, farmers, and individuals. The top 100 SACCOS in Kenya, as listed in this article, are some of the best in the country based on their performance, membership, and services offered. By considering the critical features of each SACCO, such as loan limits, interest rates, and repayment periods, you can make an informed decision about which is the best fit for your financial needs.