Compare SACCOs in Kenya
Find the best SACCO for savings, loans, and dividends. 56+ societies compared.
Tower DT SACCO
Est. 1974 · Nairobi
Open membership
Nation SACCO
Est. 1978 · Nairobi
Nation Media Group employees & associates
Ports SACCO
Est. 1975 · Mombasa
Kenya Ports Authority employees
Ndege Chai SACCO
Est. 1977 · Kericho
Tea farmers & agricultural workers
Unison SACCO
Est. 1980 · Nairobi
Communications sector employees
Hazina DT SACCO
Est. 1971 · Nairobi
Government employees & open membership
Sheria SACCO
Est. 1972 · Nairobi
Judiciary & legal professionals
Cosmopolitan SACCO
Est. 1982 · Nairobi
Open membership
Stima DT SACCO
Est. 1974 · Nairobi
Energy sector employees & open membership
Kenpipe DT SACCO
Est. 1983 · Nairobi
Kenya Pipeline employees
NSSF SACCO
Est. 1980 · Nairobi
NSSF employees
Magadi SACCO
Est. 1968 · Kajiado
Magadi Soda Company employees
Mwalimu National SACCO
Est. 1974 · Nairobi
Teachers & education sector employees
Kenya National Police DT SACCO
Est. 1972 · Nairobi
Police officers & civilian staff
Safaricom SACCO
Est. 2001 · Nairobi
Safaricom employees
Kenya Highlands SACCO
Est. 1978 · Kericho
Open membership
UN SACCO
Est. 1975 · Nairobi
United Nations staff
Bingwa SACCO
Est. 1978 · Murang'a
Open membership
Mentor SACCO
Est. 1990 · Nairobi
Open membership
Mombasa Port SACCO
Est. 1972 · Mombasa
Port workers
Kenya Bankers SACCO
Est. 1975 · Nairobi
Banking sector employees
Invest & Grow SACCO
Est. 1998 · Nairobi
Open membership
Harambee SACCO
Est. 1970 · Nairobi
Government & civil service employees
Unaitas DT SACCO
Est. 1993 · Nairobi
Open membership
Imarika DT SACCO
Est. 1976 · Mombasa
Open membership
Kimisitu SACCO
Est. 1985 · Nairobi
NGO & international organization employees
Bandari SACCO
Est. 1975 · Mombasa
Port & shipping industry professionals
Yetu SACCO
Est. 1988 · Nairobi
Open membership
Trans Nation SACCO
Est. 1980 · Nakuru
Open membership
Gusii Mwalimu SACCO
Est. 1978 · Kisii
Teachers in Gusii region
Fundilima SACCO
Est. 1985 · Nairobi
Open membership
Magereza SACCO
Est. 1975 · Nairobi
Kenya Prisons Service employees
Jamii SACCO
Est. 1986 · Nairobi
Open membership
Muki SACCO
Est. 1976 · Murang'a
Open membership
Nafasi DT SACCO
Est. 1990 · Nairobi
Open membership
Kenversity SACCO
Est. 1980 · Nairobi
University staff & open membership
Chai SACCO
Est. 1974 · Kericho
Tea industry workers & farmers
Elimu SACCO
Est. 1975 · Nairobi
Education sector workers
Afya SACCO
Est. 1978 · Nairobi
Healthcare professionals
Ukulima SACCO
Est. 1965 · Nairobi
Farmers & agricultural workers
Waumini SACCO
Est. 1980 · Nairobi
Catholic community members
NACICO SACCO
Est. 1966 · Nairobi
Open membership
Nandi SACCO
Est. 1975 · Nandi
Open membership
Nyati DT SACCO
Est. 1982 · Nairobi
Open membership
Nawiri SACCO
Est. 1985 · Nairobi
Open membership
Ng'arisha SACCO
Est. 1978 · Bungoma
Open membership
2NK SACCO
Est. 1972 · Nakuru
Open membership
Shirika DT SACCO
Est. 1984 · Nairobi
Open membership
Skyline DT SACCO
Est. 1988 · Nairobi
Open membership
K-Unity SACCO
Est. 1973 · Kiambu
Open membership
Reli DT SACCO
Est. 1971 · Nairobi
Railway workers & open membership
Acumen DT SACCO
Est. 1992 · Nairobi
Open membership
Maisha Bora SACCO
Est. 1995 · Nairobi
Open membership
Winas SACCO
Est. 1975 · Embu
Open membership
Nafaka SACCO
Est. 1970 · Nakuru
Grain & cereal farmers
Nyala Vision SACCO
Est. 1990 · Nairobi
Transport sector workers
Why Join a SACCO in Kenya?
Higher Returns
SACCOs pay dividends of 10-20% on share capital, far exceeding bank savings accounts that typically offer 3-7%. Your money works harder in a SACCO.
Cheaper Loans
SACCO loans charge 10-14% p.a. on reducing balance compared to 14-24% at commercial banks. Save thousands in interest over the loan period.
Member-Owned
SACCOs are democratic institutions owned by members. You have a vote in how the SACCO is run and share in the profits through dividends.
SACCOs vs Banks: Quick Comparison
| Feature | SACCOs | Banks |
|---|---|---|
| Savings Returns | 10-20% dividends | 3-7% interest |
| Loan Interest Rate | 10-14% p.a. | 14-24% p.a. |
| Loan Approval | Based on savings | CRB-dependent |
| Ownership | Member-owned | Shareholder-owned |
| Regulator | SASRA | CBK |
Frequently Asked Questions About SACCOs
What is a SACCO in Kenya?
A SACCO (Savings and Credit Co-operative) is a member-owned financial institution that pools savings from members and provides loans at competitive rates. Kenya has over 5,000 registered SACCOs, with 176+ deposit-taking SACCOs regulated by SASRA (Sacco Societies Regulatory Authority).
How do I join a SACCO in Kenya?
To join a SACCO: (1) Choose one that matches your profession or community. (2) Fill out a membership application form. (3) Pay the registration fee and minimum share capital. (4) Provide your national ID and passport photo. (5) Some SACCOs require a guarantor or employer letter.
What is the average SACCO dividend rate in Kenya?
The average dividend rate across Kenya's top SACCOs is 13.7%, with some SACCOs like Tower, Nation, and Ports paying up to 20%. These returns significantly outperform bank savings accounts which typically offer 3-7%.
Are SACCOs safe in Kenya?
Deposit-taking SACCOs licensed by SASRA are regulated and must meet capital adequacy and liquidity requirements. Always verify that a SACCO is SASRA-licensed before depositing money. Non-deposit-taking SACCOs are regulated by the Commissioner for Co-operatives.
What is the difference between FOSA and BOSA?
FOSA (Front Office Savings Activity) operates like a bank branch where you can deposit, withdraw, and transfer money. BOSA (Back Office Savings Activity) handles long-term savings through salary check-off and provides loans based on your savings multiplier.
How much can I borrow from a SACCO?
Most SACCOs lend 2-4 times your total savings. For example, if you have KES 500,000 in savings and your SACCO offers a 3x multiplier, you can borrow up to KES 1,500,000. Loan rates typically range from 10-14% p.a. on reducing balance.
Looking for Affordable Loans?
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