Top 10 Investment Saccos in Kenya

Finding the Best Investment SACCOs in Kenya is every person’s desire. With the increase in SACCOS in Kenya today, one can easily fall victim to scams posing as investment SACCOS.

SASRA regulates savings And Credit Cooperative Organizations (SACCO). The Sacco And Societies Regulatory Authority (SASRA) is a governmental organization mandated to oversee SACCO activities in Kenya. Therefore, the first step to knowing if a SACCO is worth your investment is to check if SASRA registers it.

But how do you choose the Best  Saccos in Kenya today? This article outlines features of a reasonable investment SACCO and a list of the top 10 best SACCOs in Kenya 2021.

Best Investment Saccos in Kenya

Below is a list of the Top SACCOs in Kenya 2021.

  1. Unaitas SACCO
  2. Kenya Police SACCO
  3. Stima SACCO
  4. K-Unity SACCO
  5. Waumini SACCO
  6. Maisha Bora SACCO
  7. Hazina SACCO
  8. Wanandege SACCO
  9. Harambee SACCO
  10. Imarika SACCO.

1. Unaitas SACCO

Unaitas SACCO was started in 1993 as a cooperative society known as Muramati in Murang’ a County. It has grown over the years to various parts of the country. Today, Unaitas SACCO is a deposit-taking SACCO.

Unaitas SACCO is widely known for business investments, and it’s famous for small-scale investors. This SACCO gives out loans to members up to three times the member’s savings. With repayment interests ranging between 1% and 1.5% per month with a reducing balance, loan periods can be extended to 72 months.

2. Kenya Police SACCO

The Kenya police SACCO was founded in 1972 to serve those who worked in the Kenya Police Force. Currently, the SACCO is open for all Kenyans and has a membership of over 52,000.

Loans offered to members are as much as three times the members’ investment. The interests in 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.

The Kenya Police SACCO headquarters is located in the Ngara area, Nairobi.

3. Stima SACCO

Stima SACCO is famous for its land investments. The SACCO was started in 1974 and has seen tremendous growth since then. Currently, the SACCO has five branches across the country.

This 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.

Stima SACCO has branches in Nairobi, Mombasa, Kisumu, Eldoret and Olkaria.

4. K-Unity SACCO

This SACCO is majorly centered in Nairobi and Kiambu regions. It was formerly registered in 1974. The SACCO membership is open to all but through vetting.

New members get vetted through the membership policy before being registered. The SACCO is famous for small business growth.

K-Unity SACCO gives loans up to four times the member’s savings at an interest of 1% per month at a reducing balance.

5. Waumini SACCO

Waumini is a SACCO founded by the Catholic Church for members of the congregation. The SACCO gives loans of up to three times the member’s savings. The loan 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.

6. Maisha Bora SACCO

The SACCO was started in 1974 by a group of employees from the Unilever company. Currently, the SACCO offers membership to all interested persons.

The SACCO gives loans up to three times the member’s investment. The loans are charged an interest of 1% per month on a reducing balance. The loan periods in this SACCO do not exceed six years.

7. Hazina SACCO

This SACCO focuses on county government employees, National government employees, government organization employees, and those in the private sector.

The SACCO was founded in 1971 and has grown to become a deposit-taking SACCO society with a membership of over 15,000.

The SACCO 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.

8. Wanandege SACCO

This SACCO was started in 1977 for Kenya’s airline and aviation staff. Currently, the Sacco has two branches, one in Nairobi and the other in Mombasa.

The SACCO is open to all members from both the aviation industry and other non-related companies. Members of the SACCO can access loans up to three times their savings. The loan period does not exceed four years, and interest of 1% per month with a reducing balance is charged.

9. Harambee SACCO

Harambee SACCO 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.

10. Imarika SACCO

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.

Different SACCOs have different modes of operation. Therefore, you should look for one whose conditions favor your interests as an investor. Investing in legitimate SACCOs is one of the best ways to safeguard your money for future use.

Features of Investment SACCOs in Kenya

To know whether you are making the right decision or not while investing in a SACCO, look for the following characteristics.

  • A good Investment in SACCO in Kenya will boost your confidence when investing in it.
  • Good Investment SACCOs in Kenya will provide you with the relevant information you need to make investments that have good returns.
  • A good SACCO will safeguard your interests as a stakeholder and offer you avenues to expand your wealth with minimal risk.

SACCOs that put the investors’ interests as the last option are likely to collapse. In that case, it is not advisable to invest in such SACCOs since the collapse of a SACCO means loss of invested money.

Full list of SACCOs in Kenya

Here is the full list of SACCO Societies licensed under The SACCO Societies Act to undertake deposit-taking business in Kenya

No.SACCO
12NK Sacco Society Ltd
2Acumen Sacco Society Ltd
3Afya Sacco Society Ltd
4Agro-Chem Sacco Society Ltd
5Ainabkoi Sacco Society Ltd
6Airports Sacco Society Ltd
7Amica Sacco Society Ltd
8Ammar Sacco Society Ltd
9Ardhi Sacco Society Ltd
10Asili Sacco Society Ltd
11Azima Sacco Society Ltd
12Bandari Sacco Society Ltd
13Baraka Sacco Society Ltd
14Baraton University Sacco Society Ltd
15Biashara Sacco Society Ltd
16Biashara Tosha Sacco Society Ltd
17Bi-High Sacco Society Ltd
18Bingwa Sacco Society Ltd
19Boresha Sacco Society Ltd
20Capital Sacco Society Ltd
21Centenary Sacco Society Ltd
22Chai Sacco Society Ltd
23Chuna Sacco Society Ltd
24Comoco Sacco Society Ltd
25Cosmopolitan Sacco Society Ltd
26County Sacco Society Ltd
27Daima Sacco Society Ltd
28Dhabiti Sacco Society Ltd
29Dimkes Sacco Society Ltd
30Dumisha Sacco Society Ltd
31Eco-Pillar Sacco Society Ltd
32Egerton Sacco Society Ltd
33Elimu Sacco Society Ltd
34Enea Sacco Society Ltd
35Faridi Sacco Society Ltd
36Fariji Sacco Society Ltd
37Fortitude Sacco Society Ltd
38Fortune Sacco Society Ltd
39Fundilima Sacco Society Ltd
40GDC Sacco Society Ltd
41Golden Pillar Sacco Society Ltd
42Good Faith Sacco Society Ltd
43Goodhope Sacco Society Ltd
44Goodway Sacco Society Ltd
45Gusii Mwalimu Sacco Society Ltd
46Harambee Sacco Society Ltd
47Hazina Sacco Society Ltd
48Ilkisonko Sacco Society Ltd
49Imarika Sacco Society Ltd
50Imarisha Sacco Society Ltd
51Invest and Grow (IG) Sacco Society Ltd
52Jacaranda Sacco Society Ltd
53Jamii Sacco Society Ltd
54Jitegemee Sacco Society Ltd
55Joinas Sacco Society Ltd
56Jumuika Sacco Society Ltd
57Kencream Sacco Society Ltd
58Kenpipe Sacco Society Ltd
59Kenversity Sacco Society Ltd
60Kenya Achievas Sacco Society Ltd
61Kenya Bankers Sacco Society Ltd
62Kenya Highlands Sacco Society Ltd
63Kenya Midland Sacco Society Ltd
64Kenya Police Sacco Society Ltd
65Kimbilio Daima Sacco Society Ltd
66Kimisitu Sacco Society Ltd
67Kingdom Sacco Society Ltd
68Kipsigis Edis Sacco Society Ltd
69Kite Sacco Society Ltd
70Kitui Teachers Sacco Society Ltd
71Kolenge Tea Sacco Society Ltd
72Koru Sacco Society Ltd
73K-Pillar Sacco Society Ltd
74K-Unity Sacco Society Ltd
75Kwetu Sacco Society Ltd
76Lainisha Sacco Society Ltd
77Lamu Teachers Sacco Society Ltd
78Lengo Sacco Society Ltd
79Mafanikio Sacco Society Ltd
80Magadi Sacco Society Ltd
81Magereza Sacco Society Ltd
82Maisha Bora Sacco Society Ltd
83Mentor Sacco Society Ltd
84Metropolitan National Sacco Society Ltd
85MMH Sacco Society Ltd
86Mombasa Port Sacco Society Ltd
87Mudete Factory Tea Growers Sacco
88Muki Sacco Society Ltd
89Mwalimu National Sacco Society Ltd
90Mwietheri Sacco Society Ltd
91Mwito Sacco Society Ltd
92Nacico Sacco Society Ltd
93Nafaka Sacco Society Ltd
94Nandi Farmers Sacco
95Nanyuki Equator Sacco Society Ltd
96Nation Sacco Society Ltd
97Nawiri Sacco Society Ltd
98Ndege Chai Sacco Society Ltd
99Ndosha Sacco Society Ltd
100New Forties Sacco Society Ltd
101Nexus Sacco Society Ltd
102Ng’arisha Sacco Society Ltd
103Noble Sacco Society Ltd
104NRS Sacco Society Ltd
105NSSF Sacco Society Ltd
106Nufaika Sacco Society Ltd
107Nyala Vision Sacco Society Ltd
108Nyambene Arimi Sacco Society Ltd
109Nyamira Tea Farmers Sacco Society Ltd
110Nyati Sacco Society Ltd
111Ollin Sacco Society Ltd
112Orient Sacco Society Ltd
113Patnas Sacco Society Ltd
114Prime Time Sacco
115PUAN Sacco Society Ltd
116Qwetu Sacco Society Ltd
117Rachuonyo Teachers Sacco Society Ltd
118Safaricom Sacco Society Ltd
119Sheria Sacco Society Ltd
120Shirika Deposit Taking Sacco Society Ltd
121Shoppers Sacco Society Ltd
122Simba Chai Sacco Society Ltd
123Siraji Sacco Society Ltd
124Skyline Sacco Society Ltd
125Smart Champions Sacco Society Ltd
126Smart-Life Sacco Society Ltd
127Solution Sacco Society Ltd
NO.NAME OF SOCIETY
128Sotico Sacco Society Ltd
129Southern Star Sacco Society Ltd
130Stake Kenya Sacco Society Ltd
131Stawisha Sacco Society Ltd
132Stima Sacco Society Ltd
133Suluhu Sacco Society Ltd
134Supa Sacco Society Ltd
135Tabasamu Sacco Society Ltd
136Tabasuri Sacco Society Ltd
137TAI Sacco Society Ltd
138Taifa Sacco Society Ltd
139Taqwa Sacco Society Ltd
140Taraji Sacco Society Ltd
141Telepost Sacco Society Ltd
142Tembo Sacco Society Ltd
143Tenhos Sacco Society Ltd
144Thamani Sacco Society Ltd
145The Apple Sacco Society Ltd
146Times-U Sacco Society Ltd
147Tower Sacco Society Ltd
148Trans- Elite County Sacco Society Ltd
149Trans Nation Sacco Society Ltd
150Trans-Counties Sacco Society Ltd
151Trans-National Times Sacco Society Ltd
152Uchongaji Sacco Society Ltd
153Ufanisi Sacco Society Ltd
154Ukristo Na Ufanisi Wa Anglicana Sacco
155Ukulima Saco Society Ltd
156Unaitas Sacco Society Ltd
157Uni-County Sacco Society Ltd
158Unison Sacco Society Ltd
159United Nations Sacco Society Ltd
160Universal Traders Sacco Society Ltd
161Ushuru Sacco Society Ltd
162Vihiga County Farmers Sacco Society Ltd
163Viktas Sacco Society Ltd
164Vision Africa Sacco Society Ltd
165Vision Point Sacco Society Ltd
166Wakenya Pamoja Sacco Society Ltd
167Wakulima Commercial Sacco Society Ltd
168Wana-anga Sacco Society Ltd
169Wananchi Sacco Society Ltd
170Wanandege Sacco Society Ltd
171Washa Sacco Society Ltd
172Waumini Sacco Society Ltd
173Wevarsity Sacco Society Ltd
174Winas Sacco Society Ltd
175Yetu Sacco Society Ltd