15+ best Saccos in Kenya with good saving plans and investments

The Savings and Credit Cooperative Organizations also called Saccos are preferable among investors and entrepreneurs. Unfortunately, most people join Saccos in a rush without making proper financial decisions. While Saccos provide financial security, they may end up with a negative experience if not managed well. Let us consider the best Saccos in Kenya that guarantee your financial freedom.

Best Saccos in Kenya
Joining a Sacco is one of the ways towards gaining financial stability

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Saccos aim at providing good financial saving plans such as shares and treasury bills and bonds. Shares represent a unit of ownership whereby every member partly owns the Sacco. Moreover, saving with a Sacco will allow you to enjoy other benefits such as dividends.

16 best Saccos in Kenya you should know

There are many Saccos in Kenya that aim at meeting their customers’ needs. Know some of the top Saccos now.

1. Mwalimu National Sacco

Registered under the Co-operative Societies Act in 1974, Mwalimu Sacco is among the best Saccos in Kenya. It is the largest African Sacco meant to serve teachers in the country.

Best Saccos in Kenya
Mwalimu National Sacco Logo

The Sacco’s outstanding products and services such as welfare services, business loans, Front Office Services Activities (FOSA) and Bank Office Services Activities (BOSA) now satisfy teachers’ needs.

Mwalimu National Sacco’s membership is for teachers, employees of the Sacco and those of the Teachers Service Commission (TSC) only.

2. Unaitas Sacco

Initially known as Muramati Sacco, Unaitas is a deposit-taking Sacco registered under Sacco societies act in 2012 to develop small investors. It allows its customers to save money and take loans to better their lives.

Best Saccos in Kenya
Unaitas Sacco Logo

The Sacco offers loans three times one’s savings with a low-interest rate every month. Its loan products include biashara loan, project loan, development loan, inuka loan and maono advance loan.

3. Stima Sacco

Being one of the best Saccos in Kenya, Stima is a deposit-taking Sacco established in 1974. It has six branches; Mombasa, Nairobi, Nakuru, Kisumu, Olkaria and Eldoret.

Best Saccos in Kenya
Get loans now from Stima Sacco

Stima Sacco offers savings and loan products such as biashara loan, development loan, and mortgages to satisfy the customers’ various needs.  Besides, the Sacco is open for any person to join.

4. Kenya Police Sacco

The Sacco was established in 1972 by the Kenya police staff to provide its members with savings and loans products. It majorly aimed at serving those in the security forces and the retired officers.

Kenya Police Sacco Logo
Kenya Police Sacco Logo

Interestingly, the Sacco is now serving employees of the civil service, employees from corporate entities and those from the business community.

5. Hazina Sacco

Established in 1971, Hazina is a deposit-taking Sacco with more than 15,000 active members. A member can save with the Sacco and qualify for loans three times their savings.

Hazina Sacco Logo
Hazina Sacco Logo

The Sacco focuses on county governments, government ministries, organized youth and women group, private sector and parastatals for its membership.

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6. Harambee Sacco

As its name suggests, this Sacco aims at putting resources together for the common benefit of its members. It offers a range of savings and loans products to members to enable them to develop their lives.

Harambee Sacco Logo
Harambee Sacco Logo

The Sacco draws its membership from Kenya Defense, county government, national government, National Police Service, government parastatals, National Youth Service and constitutional bodies. Besides, it is open to the members of the private sector.  

7. United Nations Sacco

The United Nations is among the best Saccos in Kenya. It started in 1975 and has been growing since then. The Sacco offers amazing savings and loans products to its members.

United Nations Sacco Logo
United Nations Sacco Logo

To qualify as a member, you will have to fill an application form and pay the registration fee. Besides, you will have to raise a capital totaling to 50,000 shillings and save a monthly contribution not less than 2,300 shillings. 

8. Mhasibu Sacco

Founded in 1986 by the Institute of Certified Public Accountants of Kenya, Mhasibu is a Sacco with many registered members. Do you know that Mhasibu means Accountant? As its names suggest, it draws membership from accountancy training institutions and other related sectors.

Mhasibu Sacco Logo
hasibu Sacco Logo

9. Waumini Sacco

This Sacco is for members of the Catholic Church of Kenya. So far, more than 26 dioceses in the country are in the Sacco. Being the leading progressive Sacco, Waumini has many registered members exceeding 25,000.

Waumini Sacco
Some of the staff members in Waumini Sacco

They offer products and loans such as emergency loans, tulia loan, salary advance, mjengo loan, FOSA loan and FOSA quick fix.

10. Safaricom Sacco

The Sacco was established in 2001 to give its members access to loans for the purpose of advancing and raising their social and economic standing. It started with 222 members and it currently has more than 12,000 members. Its strategic goal is to enable members to access loan products and foster a savings culture, which will help them advance and elevate their social and economic standing.

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11. Gusii Mwalimu Sacco

Gusii Mwalimu Sacco is one of the best saccos that provide its members with a range of financial services and products at comparatively low interest rates. It started in 1979, offering products such as BOSA and FOSA.

With over 31,000 members, Gusii Mwalimu Sacco represents a wide range of organizations, including the TSC secretariat, lecturers, primary and secondary school teachers, university personnel, civil servants, employees of the national and local governments, pensioners, and non-governmental organizations.

12. Metropolitan National Sacco

Since its founding in 1977, the Metropolitan National Sacco has amassed more than 37,000 members. It provides affordable payment plans and competitive loans. Besides, it also provides fixed deposit accounts, Dhahabu investments, and M-Metro cash.

Its primary goal is to deliver the best services possible while maintaining economic competitiveness in order to meet and surpass the expectations of its clients. To help members fulfill their goals, it provides flexible repayment options along with competitive loan rates.  

13. Sheria Sacco

Sheria Sacco obtained its official registration in 1972. With over 10,000 members, its membership has been steadily increasing over time. The members are drawn from the Kenyan judiciary, the AG chambers, various government ministries, employees of the private sector, and any Kenyan citizen who is older than eighteen and earns money.

Sheria Sacco aims to give its members financial independence by facilitating credit at reasonable rates and encouraging savings. It offers a range of loan products to its members, such as salary advances, school fees, development, and emergency loans.

14. Kenya National Police DT Sacco

Kenya National Police DT Sacco was founded in 1972. With over 63,009 members, its membership has increased dramatically over time. Its goal is to give members access to a wide range of affordable, dependable, and diversified financial products and services.

It provides a large selection of credit products, such as school fee loans, emergency loans, refinancing loans, super loans, mega loans, and much more. Additionally, members can open an account to save money and receive an annual interest rate of 4%.

15. Kenya Bankers Sacco

Kenya Bankers Sacco is one of the best Saccos in Kenya. It was founded in 1975 with an aim of providing assistance to banking industry workers. Its primary function is to gather member savings and then lend those funds to other members at reasonable interest rates.

As a member, you get low loan interest rates, access to investment opportunities, high deposit returns, and the ability to accumulate cash reserves. Members can obtain the loans at reasonable interest rates.

16. Kimisitu Sacco

Kimisitu Sacco was founded in 1985. It provides a variety of FOSA savings and loan products to its members. By giving its members the opportunity to save safely and earn returns at competitive interest rates, The Sacco aims to encourage thrift among its members.

How can I join Saccos in Kenya?

Follow the guide below to join a Sacco;

  1. Fill and complete the membership application form of the group
  2. Attach the minutes of the group’s meeting resolving to join
  3. Attach the constitution of the group
  4. Then attach the copies of your ID card, passport, and photos of authorized signatories
  5. Attach a copy of the registration certificate  of the group

Why do Saccos fail?

Before joining a Sacco, you should understand the rules that govern it. The major reason why Saccos fail is failing to adhere to the rules and regulations that govern it.

What are shares in a Sacco?

A share is a unit of ownership where every member partly owns the Sacco. When joining a Sacco, every new member is encouraged to have shares by paying the minimum share capital within the first few months.

How do I withdraw shares from Sacco?

To withdraw shares from a Sacco, you need to do a formal letter giving the Sacco a notice of sixty days in line with their laws. Remember to attach the letter with your ID copy before submitting.

Joining one of the best Saccos in Kenya is a great way to develop oneself. However, be aware that not all Saccos will satisfy your needs. It is therefore advisable to take time and make the right decisions before choosing the Sacco to invest your money with.

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Disclaimer: Be aware that the information above is not the major information you should rely on when making your financial decisions. Always take time before making final decisions on where to invest your money.



I am an actress at Ndizi Tv and fun fair writer at Kenyan Moves News and Media Website.