In this article, I will share a list of the top 15 SACCOs in Kenya, highlighting their key features and contributions to the local economy.
Savings and Credit Cooperative Organizations (SACCOs) have played a pivotal role in Kenya’s financial landscape, promoting financial inclusion, encouraging savings, and providing affordable credit to individuals and businesses across the country.
SACCOs in Kenya have experienced significant growth over the years, with many gaining recognition for their excellent services, robust financial management, and commitment to member welfare.
Top 15 SACCOs in Kenya: Empowering Financial Inclusion and Growth
1. Stima SACCO
Stima SACCO is renowned for its commitment to offering innovative financial solutions, including savings and credit products, insurance, and investment opportunities. It primarily serves employees in the energy sector and has expanded its membership to other sectors as well.
2. Mwalimu National SACCO
Focused on serving the education sector, Mwalimu National SACCO provides competitive financial products and services to teachers and their families. Its dedication to empowering the education community has made it one of Kenya’s leading SACCOs.
3. Harambee SACCO
Harambee SACCO targets individuals in the public and private sectors and boasts a strong savings and credit portfolio. It has a wide branch network and offers products tailored to various income groups, promoting financial inclusion.
4. Kenya Police SACCO
Kenya Police SACCO caters to members of the National Police Service, providing them with savings, credit, and insurance solutions. The SACCO has a solid track record of promoting disciplined financial management among its members.
5. Kenya Bankers SACCO
Kenya Bankers SACCO offers comprehensive financial services to employees in the banking sector. It focuses on fostering a savings culture, granting affordable credit facilities, and providing wealth management solutions.
6. Unaitas SACCO
Unaitas SACCO serves individuals, micro, small, and medium-sized enterprises (MSMEs), as well as corporate organizations. It offers a range of financial products and has a robust business support program that empowers entrepreneurs.
7. Sheria SACCO
Sheria SACCO targets the legal profession and provides tailored financial solutions to lawyers, law students, and related stakeholders. It offers competitive savings and credit facilities, facilitating access to affordable financing.
Bingwa SACCO: Bingwa SACCO targets employees in the telecommunication sector. It offers savings and credit solutions, along with other benefits such as financial literacy training and access to investment opportunities.
8. Hazina SACCO
Hazina SACCO serves employees in the public service, including national and county government workers. It offers a broad range of financial products and services, supporting members in achieving their financial goals.
9. Safaricom SACCO
Safaricom SACCO targets employees and business partners of the Safaricom telecommunications company. It provides financial solutions such as savings, credit, and insurance, contributing to the welfare of its members.
Imarika SACCO: Imarika SACCO focuses on serving the insurance industry. It offers a variety of financial products and services tailored to the needs of insurance professionals, fostering financial stability and growth.
10. K-Unity SACCO
K-Unity SACCO is a deposit-taking SACCO targeting individuals and organizations in various sectors. It provides a range of financial services, including savings, credit, and investment opportunities.
11. Chai SACCO
Chai SACCO caters to employees in the tea industry, offering them access to savings, credit, and insurance products. It plays a vital role in improving the financial well-being of tea workers.
12. Kenya Ports Authority SACCO
Kenya Ports Authority SACCO serves employees and stakeholders of the Kenya Ports Authority. It offers various savings and credit products, contributing to the financial empowerment of port workers.
13. Biashara Sacco
Biashara Sacco is a prominent Savings and Credit Cooperative Organization (Sacco) in Kenya that focuses on serving individuals engaged in various business sectors. Established with the aim of empowering entrepreneurs and supporting business growth, Biashara Sacco provides a range of financial products and services tailored to meet the specific needs of its members.
14. Unison Sacco
Unison SACCO is a cooperative organization that attracts members from various sectors, including the civil service, TSC, private schools, the business sector, and corporations, with a membership base of over 30,000 individuals. As of 2021, Unison SACCO offers a 16% dividend rate on share capital and a 12.5% interest rate on member deposits, providing attractive returns for investors. Members can access loans of up to 3 to 5 times their savings, allowing for significant financing opportunities.
15. Kimisitu SACCO
With a rich history dating back to 1985, Kimisitu SACCO boasts an impressive 37 years of experience in the financial sector. The SACCO has a thriving membership base of over 10,000 active members. In 2021, Kimisitu SACCO delivered a solid performance, offering a 15% dividend share on capital and an 8.5% interest rate on member deposits, ensuring attractive returns for its members.
To Conclude: Best SACCOs in Kenya
The top 15 SACCOs in Kenya have consistently demonstrated their commitment to financial inclusion, providing a wide range of savings, credit, and insurance solutions to diverse population segments.
These SACCOs have been instrumental in empowering individuals, supporting MSMEs, and promoting economic growth. By offering affordable and accessible financial services, they contribute significantly to the overall development of Kenya’s financial sector and play a pivotal role in the country’s journey toward prosperity.
- SASRA regulates Saccos in Kenya.