Best SACCOS to Join in Kenya 2024
| Sacco Name | Description | Contact | Website |
|---|---|---|---|
| Amica Sacco | – Started in 1966 by coffee farmers in Muranga – Rebranded in 2016 as Amica Savings & Credit – Offers mobile banking, Sacco agency, Visa card, cheque books, pay bills, and money transfer services – Provides loans at 10x savings with interest as low as 1% per month | 0729333444 | www.amicacs.co.ke |
| Stima Sacco | – Countrywide licensed deposit-taking Sacco – Offers development loans, asset financing, biashara loans, and mortgages – Branches in Nairobi, Kisumu, Eldoret, Nakuru, Embu, and Mombasa | -0703024001 | –https://www.stima-sacco.com |
| Mwalimu National Sacco | – Largest African Sacco for teachers – Offers business loans, welfare services, BOSA, and FOSA products – Exclusive to teachers and TSC employees | 0709898000 | https://www.mwalimunational.coop/ |
| Hazina Sacco | – Nationwide Sacco for thrift and savings – Membership from government ministries, parastatals, county governments, and private sector | 0712149631 | https://www.hazinasacco.or.ke/ |
| Harambee Sacco Society | – Membership from national government, county government, government bodies, Kenya Defence Forces, National Police Service, National Youth Service, and private sector | 0709943000 | https://harambeesacco.com/ |
| United Nations Sacco | – Asset base of Kshs. 12 billion – Offers various financial products and loan services – Membership requires a fee of Kshs 1,000, share capital of Kshs 50,000, and monthly contributions of not less than Kshs 2,300 | 0709115800 | https://www.unsacco.org/ |
| Kenya Police Sacco | – Asset base of Kshs. 30 billion and loan portfolio of Kshs. 26 billion – Draws membership from serving and retired police officers, civil service, business community, and corporate entities | 0709825560 | https://policesacco.com/ |
| Unaitas Sacco | – Deposit-taking Sacco licensed under the Sacco Societies Act, 2012 – Offers various saving and loan products | 0709253000 | http://www.unaitas.com/ |
| Kenya Medical Assoc. Sacco | – Asset base of 3.655 billion – Major financier for medical practitioners in Kenya | 0722519037 | https://kmasacco.com/ |
| Kenya Bankers Sacco | – Initially for banking industry employees, now for banks, financial institutions, chamas, and other institutions | 07205146500 | –https://www.kenyabankers.coop/ |
Investment SACCOS in Kenya
| Sacco Name | Description | Contact | Website |
|---|---|---|---|
| Unaitas Sacco Ltd Kenya | Provides savings and loan products. | – | – |
| Kenya Police SACCO | Registered in 1972, grown to 40,101 members, undertakes corporate social responsibility programmes. | – | – |
| Stima SACCO | Licensed deposit-taking Sacco since 1974, introduces FOSA for banking services. | – | – |
| Waumini Sacco Society | Registered in 1980, draws membership from Catholic organizations, currently has over 9,500 members. | 0709052000 | https://www.wauminisacco.com/ |
| K-Unity Sacco | Established in 1974 to facilitate savings and credit facilities for Dairy & Pyrethrum societies within Kiambu. | 00707424774 | https://www.k-unity.co.ke/ |
| Hazina SACCO | Established in 1971, draws members from various Government Ministries, Parastatals, and the Private Sector. | – | – |
| Maisha Bora SACCO | Located in Kariba, Nairobi, offers financial services. | 0709446000 | https://maishaborasacco.com/ |
| Harambee SACCO | Formed in 1970, now a multi-billion institution. | – | – |
| Imarika SACCO | Registered in 1974, serves 38,000 members with branches in various districts. | 0726007037 | https://www.facebook.com/ImarikasaccoLtd/ |
| Kuscco Sacco | Advocates for a conducive business environment for Saccos. | 0111027203 | https://kuscco.com/ |
| Mhasibu Sacco Society | Serves members engaged in the accounting profession. | 0205141900 | https://www.mhasibusacco.com/ |
| Mwalimu Sacco | Formed in 1974, mobilizes savings and provides credit to its members. | – | – |
| United Nations Sacco | Provides savings and borrowing facilities for UN employees. | – | – |
| Afya Sacco Society Ltd | Registered in 1971, with over 38,000 members. | 0202223959 | https://afyasacco.com/ |
| Chai Sacco | Registered in 1973, now offers FOSA and operates in Nairobi and Litein. | 0709808000 | https://www.chai-sacco.co.ke/ |
| Ufanisi Sacco Society | Registered in 1973, initially for Agricultural Finance Corporation employees. | 0712690660/0738690660 | https://www.ufanisisacco.co.ke/ |
| Metropolitan Teachers Sacco | Mobilizes savings for productive and provident products. | 0709641000 | https://www.metrosacco.co.ke/ |
| Kimisitu Sacco | Formed in 1985 by ICRAF staff, promotes thrift among its members. | 0709136000 | https://www.kimisitusacco.or.ke/ |
| Kenya Bankers Sacco | Registered in 1975, mobilizes savings for affordable credit at affordable interest rates. | – | – |
| Kenya Medical Association Sacco | For all medical and dental practitioners registered in Kenya. | – | – |
Types of Registered SACCOS in Kenya
| Type of Sacco | Description |
|---|---|
| Diaspora Sacco | Kenyans in the diaspora have formed Saccos, investing in property and business in Kenya. |
| Youth Saccos | Initiatives to absorb the youth into the cooperative movement, promoting cooperatives as a development tool for economic and social transformation. |
| Matatu Saccos | Organizing matatu and bus operators into cooperatives for management and enforcement of discipline, contributing significantly to public transport and phasing out 14-seater vans. |
| Housing Saccos | Housing cooperatives offering low-income earners access to affordable and decent housing, also investing in commercial buildings. |
| Education Saccos | Encouraging savings and access to affordable credit for teachers and students. |