List of SACCOs in Kenya Regulated by SASRA

SACCO stands for Savings and Credit Cooperative Organization. Best SACCOs in Kenya are those regulated by SASRA (SACCO Societies Regulatory Authority) since the authority checks on the activities of SACCOs to minimize the risks of members losing their hard-earned money. Most SACCOs are managed by a professional committee or delegates elected by members annually or according to the laws of the organization.

SACCOs in Kenya serve the interests of people with similar views; occupational or communal. For example, there are those SACCOs serving only farmers, and those serving only teachers in a given county or region. Some SACCOs however, accept membership from any employed persons.

See also: SACCO Paybill Numbers and USSD Codes

When you register with a SACCO, you agree to save a minimum monthly contribution. This instills a saving discipline since you can only withdraw your savings once you exit the SACCO. However, you get to earn yearly dividends on your savings.

In some SACCOs, like Mwalimu National SACCO, the next of kin can take over the running of a member’s account upon the member’s demise, not to mention the member’s savings doubling.

SACCOs VS Banks in Kenya

SACCOs mainly generate revenue through the interest charged on loans they offer to their members. Additionally, some SACCOs may also invest in real estate and the stock market to earn extra income.

Compared to banks in Kenya, SACCOs are generally more transparent and do not have hidden charges, especially on loans. SACCOs typically offer fixed interest rates on loans that remain constant even during changing economic times. In contrast, banks’ interest rates may vary within the lifespan of the loan, which can lead to loan payment period adjustments without prior notice.

On average, SACCOs charge an interest rate of 12% per annum, while banks may charge rates as high as 28%, depending on the interest caps set by the Central Bank of Kenya.

Deposit Taking SACCOs Regulated by SASRA

SASRA is the sole authority in Kenya which issues yearly renewal licenses to deposit-taking SACCOs. Deposit-taking SACCOs DTs are grouped according to the interests they serve;

1. Community-Based DT SACCOs
2. Government Based DT SACCOs
3. Private Based DT SACCOs
4. Farmer Based DT SACCOs
5. Teacher Based DT SACCOs

By the time of writing this post, SASRA had listed 172 existing deposit taking SACCOs in Kenya.

List of Deposit-Taking SACCOs in Kenya Regulated by SASRA

Here is a list of deposit-taking SACCOs in Kenya regulated by SASRA, ranked in the order of total assets they have. The first 31 are categorized as large-sized DT SACCOs, the next 58 are Medium-sized and the rest small sized.

1. MWALIMU NATIONAL
2. STIMA
3. KENYA POLICE
4. HARAMBEE
5. AFYA
6. METROPOLITAN
7. UNAITAS
8. UN
9. IMARISHA
10. UKULIMA
11. TOWER
12. INVEST & GROW
13. BANDARI
14. GUSII MWALIMU
15. IMARIKA
16. HAZINA
17. KENYA BANKERS
18. MENTOR
19. NEW-FORTIS
20. BORESHA
21. SAFARICOM
22. WINAS
23. COSMOPOLITAN
24. MAGEREZA
25. MOMBASA PORT
26. SHERIA
27. BINGWA
28. KITUI TEACHERS
29. OLLIN
30. SOLUTION
31. TRANS NATION
32. NACICO
33. WAUMINI
34. JAMII
35. KWETU
36. K-UNITY
37. AMICA
38. UNISON
39. MAISHA BORA
40. YETU
41. CHAI
42. CAPITAL
43. FORTUNE
44. NYATI
45. TAIFA
46. SHIRIKA
47. TEMBO
48. KENPIPE
49. KENYA HIGHLAND
50. NDEGE CHAI
51. NGÁRISHA
52. KENVERSITY
53. TAI
54. ASILI
55. EGERTON UNIVERSITY
56. THE NOBLE
57. GDC SACCO
58. NSSF
59. QWETU
60. NAWIRI
61. NATION
62. MWITO
63. ARDHI
64. UKRISTO NA UFANISI WA ANGLICANA
65. BIASHARA
66. DIMKES
67. CHUNA
68. AZIMA
69. TRANS NATIONAL TIMES
70. WAKENYA PAMOJA
71. SKYLINE
72. WANANDEGE
73. KIINGDOM
74. TRANS-ELITE COUNTY
75. WANANCHI
76. TELEPOST
77. WANA-ANGA
78. SIMBA CHAI
79. ELIMU
80. TAQWA*
81. UNIVERSAL TRADERS
82. SOUTHERN STAR
83. SMARTLIFE
84. SHOPPERS
85. FARIDI
86. DAIMA
87. KITE
88. CENTENARY
89. ECO-PILLAR
90. FUNDILIMA
91. MAFANIKIO
92. GOOD HOPE*
93. AIRPORTS
94. 2NK
95. PRIME-TIME
96. TIMES U
97. MUKI
98. ORIENT
99. COMOCO
100. SULUHU
101. TABASAMU
102. MAGADI
103. MMH
104. TARAJI
105. K-PILLAR
106. DHABITI
107. THAMANI
108. KIMBILIO DAIMA
109. BI-HIGH
110. WAKULIMA COMMERCIAL
111. VISIONPOINT
112. NAFAKA
113. NYALA VISION
114. PATNAS
115. JITEGEMEE
116. SUPA
117. SIRAJI
118. COUNTY
119. GOLDEN PILLAR
120. LAINISHA
121. KENYA ACHIEVAS
122. NRS
123. WEVARSITY
124. TABASURI
125. BARAKA
126. TENHOS
127. FARIJI
128. VISION AFRIKA
129. PUAN
130. SMART CHAMPION
131. MUDETE FACTORY TEA GROWERS
132. UFANISI
133. KENCREAM
134. NDOSHA
135. JOINAS
136. NYAMIRA TEA
137. STAWISHA
138. VIKTAS
139. DUMISHA
140. NYAMBENE ARIMI
141. SOTICO
142. LENGO
143. LAMU
144. STAKE KENYA
145. WASHA
146. NUFAIKA
147. FORTITUDE
148. ILKISONKO
149. TRANS COUNTIES
150. KIPSIGIS EDIS
151. ENEA
152. JUMUIKA
153. BARATON
154. KENYA MIDLAND
155. RACHUONYO TEACHERS
156. AMMAR
157. AGRO CHEM
158. KOLENGE
159. JACARANDA
160. NANYUKI EQUATOR
161. NANDI FARMERS
162. AINABKOI RURAL
163. MWIETHERI
164. NEXUS
165. UNI-COUNTY
166. THE APPLE
167. BIASHARA TOSHA
168. KORU
169. GOOD FAITH
170. VIHIGA COUNTY FARMERS
171. GOODWAY
172. UCHONGAJI

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