15 Best Saccos in Kenya for Savings and Investment in 2024


Ready to leap into the thrilling world of savings and investment? 

Saccos are the unsung heroes of the financial world and often the underdogs when it comes to considering where to stash your hard-earned shillings. But turn no blind eye.

Savings And Credit Coperatives (SACCOs) are credit unions that offer a trove of opportunities to members and they can make all the difference in your financial future.

Why You Should Care About Saccos

In a world of banking conglomerates, stock market investing and individual retirement accounts; Saccos stand apart. 

These insitutions are local, and community-based ; offering innovative financial solutions with your best interests at heart.

For Kenyans, Saccos symbolize tea break conversations, community development, and the age-old adage that a penny saved is a penny earned. 

We are on a mission to uncover the gems amongst the best Saccos in Kenya, those that could turn your dreams of financial security into reality.

But before we dive into the elite of the Sacco world, let's map out the tropes that should guide your choice.

Is it better to save in a Sacco or bank?

One of the biggest questions when it comes to savings and investment; is whether it's better to do so in a Sacco or a bank. 

While banks may offer more convenience and familiarity, Saccos have their own unique advantages.

Firstly, Saccos are community-based institutions, which means they are owned and operated by their members. This promotes a sense of trust and accountability among members of investment groups, as they are working together towards a common goal.

Secondly, Saccos offer higher interest rates on cash and savings and lower loan interest rates compared to banks. This could mean more earnings on your cash, savings and investments and less debt in the long run.

Lastly, Saccos often have fewer fees and charges for deposit when compared to banks, making them a more cost-effective deposit option for those looking to save and invest.

The power of community and cooperation

Saccos are all about community and cooperation. They offer a sense of belonging and ownership, as members work together to achieve shared financial goals.

This creates a strong support system for individuals and businesses alike, making it easier to get business loans and navigate through financial challenges.

Moreover, Saccos often provide financial education and affordable investment capital to her members helping in the wholesome growth of the community and individuals.

The Characteristics of Top-tier Saccos

Choosing the right Sacco is akin to selecting a business partner. It's a long-term alliance that should be built on a foundation of trust and mutual benefit. 

Here are the top five points to keep in your radar:

Membership Eligibility

Not all Saccos will open their arms to embrace you. Understanding the eligibility requirements is key. Some may be industry-specific while others could be region-focused. 

You wouldn't want to be caught out in the cold when you need financial support the most. Similarly, a good SACCO should be conveniently reachable to address any issues you may have later.

Interest Rates

The difference in interest rates you borrow can make a world of difference in the long run. 

A slightly bigger bang for your borrowing buck could translate to earlier retirement or a few more meters of beachfront on your dream holiday in Mombasa.

As most SACCOs offer loans on terms of 1% per month on a reducing balance an inch higher and your loan burden becomes unbearable. Therefore, read those terms carefully before appending your signature.

Loan Facilities

Many sacco investors are looking to raise funds without hustle. I guess the same applies for you. Many Saccos offer  different loans. 

This could run from emergency loans, Mortgage financing, Business loan for SMEs among others.

Look for funds from Saccos that offer favorable terms. Be it for business loans, car financing, Home mortgage, a start-up you've been mulling over or that class of executive education that could catapult your career. 

Be selfishly interested in you for nobody else cares about you except yourself.

Dividend Payments

This is the sweet spot. High dividend yields means having a supplementary income. Dividend yields that outperform the interest paid from savings in traditional banking models.  The dividend payments can also be used to partially repay your loans thus easing your debt repayment burden.

After all we want our money working hardest and that’s where a goos sacco comes in.

Financial Stability

The last thing you'd want is to invest in a sinking ship. 

Evaluate the Sacco's financial stability, look over reports of the last few years, and ensure that you're entrusting your money to a worthy cause.

Every year, the SASRA publishes a financial report on the financial stand point of every registered sacco. Look for a SACCO that has growing assets and total member deposits.

Their gross loans should never exceed total assets as that means theyre not in a position to pay you even in the event of liquidation.

With these benchmarks in mind, let's peel back the curtain on the best Kenyan Saccos to save and invest in 2024.

15 Saccos That Stand Out in Kenya

Finding the best savings and investment vehicle in Kenya isn't as difficult as it seems, provided you have the right criteria. Without further ado, here are the top 15 Saccos for the year that you must consider:

1. Kenya Police Sacco

2. Hazina Sacco

3. Transnation Sacco

4. Winas Sacco

5. Maisha Bora Sacco

6. Tower Sacco

7. Imarika Sacco

8. Mhasibu Sacco

9. Nation Sacco

10. Cosmopolitan Sacco

11. Ports Sacco

12. Unaitas Sacco

13. Afya Sacco

14. United Nations Sacco

15. Stima Sacco

Let’s dissect each sacco down to its core – from membership eligibility and interest rates to loan and credit facilities that qualify for low interest rates, dividend payments, and financial stability.

The Epitome of Sacco Selection

Crowning the right Sacco can indeed be the hidden key to unlock the doors of prosperity. 

As we journey through the top 15, it's fundamental to remind oneself that the best Sacco for one person may not suit another – we all have unique, financial needs, backgrounds, goals, and risk appetites.

Member feedback, expert analysis, and official data will be our counsel. We'll explore not only the numerical standpoints but also the stories behind the numbers, the people behind the institutions.

Dabble in the art of financial foresight. The Sacco you pick today could sculpt not just your financial landscape, but the economic tapestry of your generations to come.

We’re about to uncover the Saccos that promise stability, growth, financial discipline, and above all, trust.

Without further ado, let’s dive in.

1. Kenya Police Sacco

Majorly drawing membership from our service men and ladies: This sacco was established in 1972.

The Kenya Police Sacco has over 73,000 members, 9 board members, 12 member representatives and 3 supervisory board members.

Together they have steered this giant SACCO to live up to its core values and attain a total of 48.98 billion asset base as of 2022.

2. Hazina Sacco

Hazina sacco has over four decades of existence having been established in 1971.

It has over 24,000 members majorly drawing memberships from accountants and workers in the financial sector.

With an asset base of 12.76 billion as of 2022, shows the foundation on which this power horse seats on.

3. Transnation Sacco

Transnation Sacco boasts of 9.70 billion asset base. Having been established in 1993, is one of the fastest growing saccos boasting a membership of over 53,000 members across the nation.

4. Winas Sacco

9.79 bn

5. Maisha Bora Sacco


6. Safaricom Sacco

10.05 bn

7. Imarika Sacco


8. Tower Sacco


9. Waumini Sacco


10. Cosmopolitan Sacco


11. 2NK Sacco


12. Unaitas Sacco


13. Afya Sacco


14. United Nations Sacco


15. Stima Sacco


What are the benefits of joining a Sacco in Kenya?

There are numerous benefits of joining a Sacco in Kenya, some of which include:

  • Access to financial services: 

As a sacco member, you have access to various financial services such as savings accounts, loans, and investment opportunities. 

This can help you achieve your financial goals faster and more efficiently.

  • Financial education: 

Most Saccos offer financial education programs to their members, which can help improve your financial literacy and make informed decisions about your money.

  • Competitive interest rates: 

Saccos typically offer higher interest rates on savings and lower interest rates on loans compared to traditional banks, making them an attractive option for those looking to grow their money.

  • Ownership and control: 

As a member of a Sacco, you have ownership and control over the organization. This means you have a say in how the Sacco is run and can participate in decision-making processes.

  • Social and community benefits: 

Being part of a Sacco also means being part of a community. Saccos often organize social events and activities for their members, creating opportunities to network and build relationships with like-minded individuals.

  • Risk-sharing: 

Saccos operate on the principle of risk-sharing, meaning that members pool their resources to help each other in times of financial need. This can provide a safety net for unexpected expenses and emergencies.

  • Dividends: 

Depending on the performance of the Sacco, members receive dividends at the end of each financial year. 

This is a bonus for being part of a Sacco besides it’s core business of enabling members achieve their financial goals.

How do Kenyan Saccos work?

In Kenya, Saccos operate as member-owned financial institutions.

 They provide a wide range of services to their members and clients. These services include savings and credit accounts, loans, and investment opportunities.

One of the main benefits of being a member of a Sacco is access to various financial products and services that can help you achieve your financial goals faster and more efficiently. 

This can include saving for retirement, purchasing a home or starting a business.

Saccos also offer more than just their financial products and services; As they provide their members with social and community benefits, such as networking opportunities and risk-sharing mechanisms.

As a member, you have ownership and control over the Sacco, meaning you have a say in how it is run and can participate in decision-making processes. This allows for a sense of empowerment and involvement in the financial institution and cooperative society that you are a part of.

As a member, you have access to financial advice and guidance from experts who understand your specific financial needs and goals. This personalized touch sets Saccos apart from traditional banks, allowing for a more tailored and beneficial experience for their members.

So why join a Sacco? 

The answer is clear - to gain access to a range of innovative financial solutions and services, be part of a community, and have the opportunity to actively participate in the decision-making process of your financial institution.

How are Saccos governed?

Saccos are member-owned and operated, with a democratically elected board of directors who are responsible for making strategic decisions to benefit the entire community.

This democratic structure ensures transparency and accountability within the Sacco, as members have a say in how their institution and society is run.

Furthermore, Saccos have strict regulations and guidelines in place to ensure the safety and security of members' funds. 

They are also regularly audited by independent bodies, providing an additional layer of protection for members' money.

But beyond the governance and regulations, Saccos are built on a strong sense of community. 

Members support and empower each other through financial growth and stability of local communities, creating a sense of belonging and camaraderie within the Sacco.


Saccos are the backbone of our ethos as a nation that has core values of community and unity. 

Embracing the right Sacco is like finding a faithful companion on a tireless journey. 

Let this guide be the compass that steers you to the robust and rich possibilities that lie within the Kenyan Sacco ecosystem.

What journey you have before you, encapsulated within these fifteen Saccos, is a map not just for 2024 but for years to come.

 Invest wisely, save diligently, and let your financial institution work as hard as you do – it's time to secure your slice of the Kenyan dream.

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