List of 15 Best Performing SACCOs in Kenya and their Dividends

The best SACCOs to join in Kenya are those that have a smart way of running the business. They should be able to offer savings and loans at low-interest rates, have branches conveniently located so that members can easily access them, and give great customer service. If you’re looking for a new Savings and Credit Cooperative Organization (SACCO), then this list is for you! We are going to look at the top 15 best performing SACCOs in Kenya and their dividends.

Joining a SACCO is one of the best decisions you can make in Kenya. owing to the financial challenges in the country, many people are looking for loans to invest in different businesses. However, as the saying goes, “Vitu ni different kwa ground,” it is not easy to get a loan from banks nowadays. However, things could be easy if you invest in a SACCO as getting a loan here is easy. Remember, most SACCOs in Kenya give a loan of up to 3 times your savings. Therefore, if you have saved Ksh. 500,000 in a SACCO, you are eligible for a loan of up to Ksh. 1.5 million. As a result, joining a SACCO is a good financial decision.

1. Kenya Police SACCO

This is among the best performing Saccos in Kenya. The Sacco was founded in 1972 with the aim of mobilizing savings and providing affordable credit opportunities to Kenyans. Here are the main things you need to know about Kenya Police Sacco:

  • Current membership: 65,000
  • Savings Dividends Rate: 10.5%
  • Share Capital dividends Rate: 17%
  • Branches: Nairobi, Kakamega, Eldoret, Mombasa, Kisii, Nyeri, Nakiru, and Meru.

2. Stima SACCO

Stima Sacco is a deposit-taking Sacco founded in 1974. The reason for the establishment of Stima Sacco was to uplift the socio-economic well-being of its members. It is among the Saccos providing Front Office Service Activity (FOSA) to its members. Here are the important details about Stima Sacco:

  • Current membership: 143,000
  • Savings Dividends Rate: 10.3%
  • Share Capital dividends rate: 14%
  • Branches: Nairobi Parklands, Nairobi CBD, Kisumu, Mombasa, Nakuru, Eldoret, Olkaria, Embu and Kawi Centre (South C).

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3. Tower SACCO

This Saccowas established in 1976. The initial reason for the establishment of Tower Sacco was to serve primary school teachers by providing a means for them to save and get financial aid like loans o run their businesses. Here is what you should know about Tower Sacco:

  • Current membership: 120,000
  • Savings dividends rate: 13%
  • Share capital dividends rate: 20%
  • Branches: Ol-Kalou, Laikipia, Nyahururu, Nairobi, Nakuru
  • Contacts: info@towersacco.co.ke, +254 723 836 421, +254 733 416 492, +254 731 638 930.

4. Mhasibu SACCO

This Saco was founded in 1986 with the main aim of helping its members grow financially. This is a Sacco that provides complimentary savngs and credit services to its members. Here are more details about Mhasibu Sacco:

  • Current Membership: 500,000
  • Savings Dividends Rate: 8.15%
  • Share capital dividends rate: 15%
  • Branches: Nairobi, Kisumu, Mombasa
  • Contacts: infor@mhasibusacco.com, +254 020 514 1900

5. Hazina SACCO

It was established in 1971 with the aim of providing thrift and savings amongst its members. Most of the members in this Sacco are from government ministries, the private sector, and parastatals. This Sacco provides both BOSA and FOSA services.

  • Current membership: 19,000
  • Savings dividends rate: 10.3%
  • Share capital dividends rate: 20%
  • Branches: Nairobi
  • Contacts: 020-2719098/020-2722106/020-2428634

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6. Harambee SACCO Society

This is a Sacco that was initially established in 1970 to take care of the financial needs of civil servants and parastatals. However, the Sacco has expanded to cater to the needs of diverse people in Kenya. The Sacco offers both loan and deposit products including BOSA and FOSA services.

  • Current membership: 80,951
  • Services: BOSA and FOSA
  • Divident to members: 4%

7. Nation SACCO

The Sacco was founded in 1975 with the aim to afford its members an opportunity to accumulate savings and deposits. It is among the Saccos that provide FOSA services to members.

  • Current membership: 5,550
  • Savings dividends rate: 8%
  • Share capital dividends rate: 15%
  • Branches: Nairobi
  • Contacts: nationsacco@ke.nationmedia.com, +254 719 038 571

8. Safaricom SACCO

Safaricom Sacco was founded in 2001. The Sacco provides both BOSA, FOSA and other financial services to its members.

  • Current membership: 12,000
  • Savings dividends rate: 7.5%
  • Share capital dividends rate: 12%
  • Branches: Nairobi
  • Contacts: sacco@safaricom.co.ke

9. Kimisitu SACCO

The Sacco was founded in 1985 with the aim of promoting thrift among its members by affording them an opportunity for accumulating their savings. In this way, the Sacco looked forward to creating a source of funds from which loans could be provided to members at fair and reasonable interest rates.

  • Current membership: 9,000
  • Savngs dividends rate: 8%
  • Share capital dividends rate: 15%
  • Branches: Nairobi
  • Contacts: customercare@kimisitusacco.or.ke, +254 709 136 000

10. Sheria SACCO

The Sacco was founded in 1972 to provide an opportunity for its members to save and get access to credit. Most of its members have been pooled from the Judiciary, government ministries, and business people above the age of 18 years.

  • Curent membership: 10,000
  • Savings dividends rate: 8.5%
  • Share capital dividends rate: 16%
  • Branches: Nairobi
  • Contacts: bosa@sheriasacco.coop, +254 207 801 500.

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11. United Nations SACCO

The UN Sacco was founded in 1975 with the aim of improving the financial status of its members. The asset base of this Sacco is currently at Ksh. 12 billion. The good thing about the UN Sacco is that it provides a wide range of loan services to its members. To join this Sacco, you will have to fill a membership form and pay kshs. 1,000. From there, you will have to raise a share capital of Kshs. 50,000 and make monthly contributions of not less than Kshs. 2,300.

Contacts: +254 20 512 2700/3, +254 20 512 4737 & +254 20 512 3852
http://www.unsacco.org

12. Gusii Mwalimu SACCO

The Sacco was founded in 1977 and is member-owned. This Sacco provides a wide range of financial services to its members including loans.

  • Current membership: 31,000
  • Savings dividends rate: 12%
  • Share capital dividends rate: 13%
  • Branches: Kisii, Nyamira, Rongo, Kilgoris, Keroka, Ogembo
  • Contacts: info@gusiimwalimusacco.co.ke

13. Finnlemm SACCO

The Sacco was established in 1977 and it caters to the financial needs of diplomatic employees, governmental and non-governmental organizations.

  • Savings dividends rate: 6.2%
  • Share capital dividends rate: 12%
  • Branches: Nairobi
  • Contacts: customer.care@finnlemm Sacco, +254 722 607 983

14. Mwalimu National SACCO

This is the largest African Sacco formed to take care of the financial needs of teachers. This Sacco offers both FOSA and BOSA services, welfare services, and business loans. However, its members are only teachers, its employees, and teacher service commission employees.

15. Mwito SACCO

This Sacco was registered in 1979 in Kenya. The purpose of the Sacco was to mobilize savings and provide affordable credit facilities. Most of its members are from Kenya Wildlife and Tourism, and Kenya Marine, Fisheries Research Institute, Private Companies, and Individuals.

  • Current Membership: 6,750
  • Asset base: Ksh. 2.128 billion
  • Loan portfolio: 1.709 billion
  • Contacts: info@mwitosacco.coop

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