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Top 10 Best SACCOS to Join In Kenya 2022

Best SACCOS to Join In Kenya 2022

Several Saccos in Kenya offer such opportunities. However, not all have managed to safeguard the interests of its members to an efficient level.

To achieve financial empowerment, one is advised to join reliable savings and credit co-operatives (SACCOs) to inspire a saving culture and finance development projects.

Here is a list of 11 Best SACCOS you might want to consider.

Unaitas SACCO

Unaitas is a deposit-taking Savings and Credit Cooperative organization licensed under the SACCO Societies Act, 2012.

The Financial Service Provider which was initially registered on 14 May 1993 as a cooperative society, includes individuals, investment groups, and small businesses.

In 2020, its net profit rose to Sh620.2 million from Sh589.3 million, representing a 30.9 million shillings increment.

It is targeting to expand its income to 3.5 billion shillings in 2022 through loan interests, commissions, and investments among others.

This SACCO gives out loans to members up to three times the member’s savings. Moreover, with repayment interests ranging between 1% and 1.5% per month with a reducing balance, loan periods can be extended up to 72 months.


Stima DT Savings and Credit Cooperative Society Limited is a leading, country-wide, fast-growing, and licensed DTS (Deposit Taking Sacco) with an Asset Base of 42 billion shillings, Deposits of over 32 billion shillings, Loan Book of over 34 billion shillings, and membership of over 141,000

The SACCO offers loans up to two times the member’s savings. The interests charged on loans are as low as 1% per month with a reducing balance. The loan periods are extendable for up to 60 months.

When you become a member at Stima Investment Cooperative Society, you are entitled to unlimited membership benefits including Subsidized prices for all products e.g., on land and houses.

Kenya Police SACCO

The Kenya Police SACCO Limited is one of the oldest SACCOs in the Country. The SACCO was registered on 20th November 1972.

Loans offered to members are as much as three times the members’ investment. The interests on loans from the Kenya Police SACCO are slightly high, and loans take 48 months. However, this SACCO is well known for its excellence in services to investors.

Joining the Police SACCOs comes with several key benefits such as low-interest rates on loans and High annual dividends and interest on deposits.

Safaricom SACCO

Safaricom Sacco is a Savings and Credit Co-operative Society, which was formed in 2001 to provide members with the opportunity to access loans to develop and improve their economic and social status.

Sacco’s main role is to empower its members through the provision of diversified products and services and has seen significant growth with an asset base of 6.6 billion shillings.

Mwalimu SACCOs

Mwalimu Cooperative Savings & Credit Society Limited, often referred to as Mwalimu Sacco is an institutional Sacco, composed of the staff of the Teachers Service Commission (TSC), TSC teachers in secondary and tertiary institutions, TSC teachers in elementary schools, the staff of Mwalimu National Sacco Limited and, the spouses of the above members.

It enjoys membership from all parts of the country and seeks to enable the teachers to access affordable financial services.

Members enjoy a wide range of benefits that include: Savings, dividends, loans, salary advances, and Burial and Benevolent (BBF) services; among others.

Waumini SACCO

Waumini Sacco is a Savings and Credit Co-operative Society registered in 1980 under the Co-operative Societies Act of the Laws of Kenya. The Sacco primarily mobilizes Savings and Deposits and extends Credit to its members thereby empowering them economically and socially.

The SACCO gives loans of up to three times the member’s savings and is repaid within five years at an interest rate of 12.5% per Anum.

This SACCO is best for short-term projects and not long-term ones such as home construction.

Hazina SACCO

Hazina Sacco Society Limited is a nationwide Deposit Taking Sacco established in 1971 and registered under the Co-operatives Societies Act (Cap 490) of the laws of Kenya. Its main objective is promoting thrift and savings amongst members thereby creating a source of loanable funds.

The SACCOs offers loans up to 3.5 times the member’s savings. The interest charged is 1% per month on a reducing balance. The loan period is extendable to 72 months.

United Nations SACCOs

United Nations Sacco Society (UN SACCO) Limited is a credit union founded in 1975 to provide banking services to United Nations employees in Kenya. The Sacco is based in Nairobi and now has members worldwide.

UN SACCO offers members the opportunity to save, high returns on investments, access to affordable credit products, etc.

Kenya Bankers SACCO

Kenya Bankers Sacco was established in 1975 and has been providing Savings and Credit to Members for personal development.

There are numerous benefits of being a member of Kenya Bankers Sacco including high returns on deposits, exciting partner discounts, and low-interest rates on loans.

Imarika SACCOs

Imarika SACCO was started in 1974 by employees of the Teacher Service Commission in Kilifi. During its registration, Imarika SACCO had only 100 members. The SACCO has grown over time, and currently, it has over 37,000 members.

Members of Imarika SACCO can access loans up to two times their savings at a 12.5% monthly interest.  The allowed repayment period for loans from Imarika SACCO is five years.

Harambee SACCO

Harambee SACCOs was started in 1970 by low-income earners and subordinate staff at the office of the president. Today, the SACCO commands an asset base of over Ksh.19 billion with a membership of over 80,000.

The SACCO membership is open to all. Although one has to qualify through the membership policy before being declared a member, members of the SACCO can access loans up to three times their savings for a period not exceeding four years.

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