Nelly
Member
1. Stima Sacco
If you are looking for the best Sacco dividends in Kenya, Stima Sacco should be on top of your list. It was initially set up in 1974 to assist the East African Power and Lighting Company but has since opened its membership to include Kenyans from all sectors, business persons, groups and corporations. It has grown to become a leading financial partner in Kenya with a huge asset base, massive membership, dynamic products and impressive dividends. The Sacco seeks to provide members with a safe haven for savings, access to fairly priced credit and a good return on investment. In 2003, it introduced FOSA services to offer banking services to its members.
2. Mhasibu Sacco
This is one of the best-paying Saccos in the country. It was founded by the Institute of Certified Public Accountants of Kenya (ICPAK). The Sacco targets members who serve in the accountancy profession, including students and institutions that offer accountancy training. Its mission is to mobilise savings and economically empower members to attain financial independence.
Since its establishment, the Sacco has expanded exponentially, and it boasts of more than 500,000 members. In line with its mission, it offers members complimentary savings and credit services and other financial products and services as required by the members from time to time.
3. Waumini Sacco
Waumini Sacco is the best Sacco for savings in Kenya. The Sacco offers credit and savings products for individuals and corporate institutions. Its dominant membership lies in the Catholic Diocese, with over 33,000 members registered. The Sacco primarily mobilises savings and deposits and extends credit to its members, thereby empowering them economically and socially. It offers a range of FOSA and BOSA savings and loans products to its members.
4. Kimisitu Sacco
Kimisitu Sacco was formed in 1985. The Sacco membership is open to employees from non-governmental organisations, international organisations, embassies and missions, and other reputable organisations. It also offers a range of FOSA savings and loans products to its members. The Sacco seeks to promote thrift among its members by affording them an opportunity to save securely and earn returns at attractive interest rates.
5. Safaricom Sacco
The Sacco was formed in 2001 to allow members to access loans to develop and improve their economic as well as social status. It started with 222 members. Today, it boasts of more than 12,000 members. The membership is pooled from Safaricom Ltd and other Technology related companies. Its strategic objective is to inculcate a savings culture among the members and provide them with the opportunity to access loan products to develop and improve their economic and social status.
6. Gusii Mwalimu Sacco
This is a member-owned and member-controlled financial institution offering a diversity of financial products and services to its members at reasonably low-interest rates. It started operations in 1979. Services offered include BOSA and FOSA products. The Sacco membership stands at more than 31,000 members.
The Sacco members are drawn from the various member organisations, including TSC Secretariat, primary and secondary school teachers, lecturers, university staff, civil servants, national and county government employees, pensioners, and NGO employees. It affords its members an opportunity to accumulate their savings.
7. Ekeza Sacco
Ekeza Sacco has an asset base of KSh20 billion and offers competitive loans and reasonable payment packages. Members are admitted in relation to the Saccos membership policies. There are four types of accounts available to members: individual, joint account, and chama/ group and company account. Its main objective is to provide members with opportunities to invest in assets such as land, houses, plots, apartments, and so much more. It offers competitive rates on loans with flexible repayments to ensure that the members realise their dreams of property ownership.
8. Sheria Sacco
Sheria Sacco was formally registered in 1972. The Sacco membership has been growing over the years, and it boasts of more than 10,000 members. The members are pooled from the Judiciary, AG chambers, different government ministries, private sector employees, and any Kenyan above 18 years with an income. It is one of the best-managed Saccos in the country that have been licensed to take deposits. The Sacco seeks to empower its members economically through the mobilisation of savings and the provision of affordable credit services. Sheria Sacco provides a range of loan products to its members, including development, emergency, school fees, salary advance, and so on.
9. Kenya Police Sacco
The Sacco was established in 1972 with a membership of 690. Over the years, its membership has grown significantly, and it boasts more than 63,009 members and an asset base of Kshs.39 billion. Its mission is to provide diversified, reliable, accessible and affordable financial products and services to members. The Sacco offers a wide range of credit products, including premier loan, super loan, mega loan, refinancing loan, emergency loan, school fees loan, and so much more. It also allows its members to open an account where they can accrue savings and earn an interest rate of 4% per annum.
10. Mwalimu Sacco
This is one of the largest Saccos in the country. Its membership includes primary school teachers, secondary school teachers, lecturers, members from the TSC secretariat, and the spouses and children of the members who are informal employment. The Sacco strives to ensure that teachers get all their financial needs under one roof.
11. Harambee Sacco
It was set up by a handful of small income earners in 1970. Today, it is a multi-billion institution with more than 80851 members and an asset base of more than Kshs. 19.85 billion, Harambee Sacco, is feted amongst the ten biggest societies in Kenya. It draws its membership from the national and county governments, parastatals, police, and so on. The Sacco provides various services through Back Office Services Activity (BOSA) and Front Office Savings Activity (FOSA). It has multiple savings accounts to suit the Kenyan market. The Sacco also boasts of a wide range of loan products, including development loan, emergency loan, Jisaidie loan, and school fees loan.
12. Unaitas Sacco
Unaitas is a leading, progressive Sacco in Kenya registered by tea farmers in May 1993 as a cooperative society. The Sacco comprises more than 320,000 members in Kenya. Its membership includes individuals, investment groups and small businesses. Its mission is to make financial power more accessible to the common man by providing innovative financial solutions. The Sacco boasts of a wide range of loan products, including development, asset financing, salary advance, biashara loans, and so much more.
13. Hazina Sacco
Hazina Sacco started operations in 1971 and is regulated by SASRA. Its main objective is to promote thrift and savings amongst the members, thereby creating a source of loanable funds. Initially, the Society drew its membership from the Ministry of Finance and Planning. Its members are drawn from other ministries, parastatals, county governments and the private sector. The Sacco boasts of more than 18,000 active members.
14. Kenya Bankers Sacco
The Sacco was established in 1975 to serve employees in the banking industry. Members are drawn from banks, financial/micro-financial institutions, building societies, spouses and children over 18 years, chamas & other related institutions. Its core business is to mobilise savings from the members and thereafter on-lend the same to members at affordable interest rates. You enjoy so many benefits as a member, including low-interest rates on loan, investment opportunities, high returns on deposits, and building a cash reserve. The loans are offered to members at affordable rates.
15. United Nations Sacco Society
United Nations Sacco is one of the best-managed Saccos in the country and has been in operation for over 40 years. The UN Sacco was among the first 7 to be registered by SASRA as a deposit-taking Sacco after it fulfilled all the required conditions. Its employees are drawn from the United Nations agencies, international organisations, and diplomatic missions.
Inaddition to the wide range of financial products and services, the Sacco provides loans services to its customers. It boasts of 15 loan products. The Sacco has subscribed to the Cooperative Bank Sacco-Link Visa debit card to enable its member to access their accounts from any location in the world where there is VISA access. This concludes the list of best Saccos in Kenya in 2021. If you have not joined a Sacco, you can choose the one that suits your needs and interests from the list above. Joining one of the registered Saccos is the only tool you have at your disposal if your dream is to achieve financial empowerment.
If you are looking for the best Sacco dividends in Kenya, Stima Sacco should be on top of your list. It was initially set up in 1974 to assist the East African Power and Lighting Company but has since opened its membership to include Kenyans from all sectors, business persons, groups and corporations. It has grown to become a leading financial partner in Kenya with a huge asset base, massive membership, dynamic products and impressive dividends. The Sacco seeks to provide members with a safe haven for savings, access to fairly priced credit and a good return on investment. In 2003, it introduced FOSA services to offer banking services to its members.
2. Mhasibu Sacco
This is one of the best-paying Saccos in the country. It was founded by the Institute of Certified Public Accountants of Kenya (ICPAK). The Sacco targets members who serve in the accountancy profession, including students and institutions that offer accountancy training. Its mission is to mobilise savings and economically empower members to attain financial independence.
Since its establishment, the Sacco has expanded exponentially, and it boasts of more than 500,000 members. In line with its mission, it offers members complimentary savings and credit services and other financial products and services as required by the members from time to time.
3. Waumini Sacco
Waumini Sacco is the best Sacco for savings in Kenya. The Sacco offers credit and savings products for individuals and corporate institutions. Its dominant membership lies in the Catholic Diocese, with over 33,000 members registered. The Sacco primarily mobilises savings and deposits and extends credit to its members, thereby empowering them economically and socially. It offers a range of FOSA and BOSA savings and loans products to its members.
4. Kimisitu Sacco
Kimisitu Sacco was formed in 1985. The Sacco membership is open to employees from non-governmental organisations, international organisations, embassies and missions, and other reputable organisations. It also offers a range of FOSA savings and loans products to its members. The Sacco seeks to promote thrift among its members by affording them an opportunity to save securely and earn returns at attractive interest rates.
5. Safaricom Sacco
The Sacco was formed in 2001 to allow members to access loans to develop and improve their economic as well as social status. It started with 222 members. Today, it boasts of more than 12,000 members. The membership is pooled from Safaricom Ltd and other Technology related companies. Its strategic objective is to inculcate a savings culture among the members and provide them with the opportunity to access loan products to develop and improve their economic and social status.
6. Gusii Mwalimu Sacco
This is a member-owned and member-controlled financial institution offering a diversity of financial products and services to its members at reasonably low-interest rates. It started operations in 1979. Services offered include BOSA and FOSA products. The Sacco membership stands at more than 31,000 members.
The Sacco members are drawn from the various member organisations, including TSC Secretariat, primary and secondary school teachers, lecturers, university staff, civil servants, national and county government employees, pensioners, and NGO employees. It affords its members an opportunity to accumulate their savings.
7. Ekeza Sacco
Ekeza Sacco has an asset base of KSh20 billion and offers competitive loans and reasonable payment packages. Members are admitted in relation to the Saccos membership policies. There are four types of accounts available to members: individual, joint account, and chama/ group and company account. Its main objective is to provide members with opportunities to invest in assets such as land, houses, plots, apartments, and so much more. It offers competitive rates on loans with flexible repayments to ensure that the members realise their dreams of property ownership.
8. Sheria Sacco
Sheria Sacco was formally registered in 1972. The Sacco membership has been growing over the years, and it boasts of more than 10,000 members. The members are pooled from the Judiciary, AG chambers, different government ministries, private sector employees, and any Kenyan above 18 years with an income. It is one of the best-managed Saccos in the country that have been licensed to take deposits. The Sacco seeks to empower its members economically through the mobilisation of savings and the provision of affordable credit services. Sheria Sacco provides a range of loan products to its members, including development, emergency, school fees, salary advance, and so on.
9. Kenya Police Sacco
The Sacco was established in 1972 with a membership of 690. Over the years, its membership has grown significantly, and it boasts more than 63,009 members and an asset base of Kshs.39 billion. Its mission is to provide diversified, reliable, accessible and affordable financial products and services to members. The Sacco offers a wide range of credit products, including premier loan, super loan, mega loan, refinancing loan, emergency loan, school fees loan, and so much more. It also allows its members to open an account where they can accrue savings and earn an interest rate of 4% per annum.
10. Mwalimu Sacco
This is one of the largest Saccos in the country. Its membership includes primary school teachers, secondary school teachers, lecturers, members from the TSC secretariat, and the spouses and children of the members who are informal employment. The Sacco strives to ensure that teachers get all their financial needs under one roof.
11. Harambee Sacco
It was set up by a handful of small income earners in 1970. Today, it is a multi-billion institution with more than 80851 members and an asset base of more than Kshs. 19.85 billion, Harambee Sacco, is feted amongst the ten biggest societies in Kenya. It draws its membership from the national and county governments, parastatals, police, and so on. The Sacco provides various services through Back Office Services Activity (BOSA) and Front Office Savings Activity (FOSA). It has multiple savings accounts to suit the Kenyan market. The Sacco also boasts of a wide range of loan products, including development loan, emergency loan, Jisaidie loan, and school fees loan.
12. Unaitas Sacco
Unaitas is a leading, progressive Sacco in Kenya registered by tea farmers in May 1993 as a cooperative society. The Sacco comprises more than 320,000 members in Kenya. Its membership includes individuals, investment groups and small businesses. Its mission is to make financial power more accessible to the common man by providing innovative financial solutions. The Sacco boasts of a wide range of loan products, including development, asset financing, salary advance, biashara loans, and so much more.
13. Hazina Sacco
Hazina Sacco started operations in 1971 and is regulated by SASRA. Its main objective is to promote thrift and savings amongst the members, thereby creating a source of loanable funds. Initially, the Society drew its membership from the Ministry of Finance and Planning. Its members are drawn from other ministries, parastatals, county governments and the private sector. The Sacco boasts of more than 18,000 active members.
14. Kenya Bankers Sacco
The Sacco was established in 1975 to serve employees in the banking industry. Members are drawn from banks, financial/micro-financial institutions, building societies, spouses and children over 18 years, chamas & other related institutions. Its core business is to mobilise savings from the members and thereafter on-lend the same to members at affordable interest rates. You enjoy so many benefits as a member, including low-interest rates on loan, investment opportunities, high returns on deposits, and building a cash reserve. The loans are offered to members at affordable rates.
15. United Nations Sacco Society
United Nations Sacco is one of the best-managed Saccos in the country and has been in operation for over 40 years. The UN Sacco was among the first 7 to be registered by SASRA as a deposit-taking Sacco after it fulfilled all the required conditions. Its employees are drawn from the United Nations agencies, international organisations, and diplomatic missions.
Inaddition to the wide range of financial products and services, the Sacco provides loans services to its customers. It boasts of 15 loan products. The Sacco has subscribed to the Cooperative Bank Sacco-Link Visa debit card to enable its member to access their accounts from any location in the world where there is VISA access. This concludes the list of best Saccos in Kenya in 2021. If you have not joined a Sacco, you can choose the one that suits your needs and interests from the list above. Joining one of the registered Saccos is the only tool you have at your disposal if your dream is to achieve financial empowerment.