10 Best Saccos in Kenya for Savings and Investment.
Saccos, or Savings and Credit Cooperative Organizations, are financial institutions that offer their members various services such as savings, loans, dividends, and investment opportunities.
Saccos are popular in Kenya because they are regulated by the government, they have low-interest rates, they cater to specific sectors or groups, and they promote a culture of saving and investing.
However, not all saccos are created equal. Some saccos have better performance, reputation, products, and dividends than others.
Therefore, it is important to do your research and choose the best saccos in Kenya for your financial needs and goals.
In this article, I will review 10 of the best saccos in Kenya for savings and investment and I will also provide you with their contact details.
The 10 best saccos in Kenya for savings and investment
- Mwalimu National Sacco
- Stima Sacco
- Kenya National Police DT Sacco
- Unaitas Sacco
- Mhasibu Sacco
- Waumini Sacco
- Kimisitu Sacco
- Hazina Sacco
- Gusii Mwalimu Sacco
- Metropolitan National Sacco Ltd
1. Mwalimu National Sacco
Mwalimu Sacco stands as one of the largest Saccos in Kenya, dedicated to meeting the financial needs of teachers and their families.
They provide a comprehensive range of services to economically transform their members’ lives.
Its members include Primary and secondary school teachers, lecturers, TSC secretariat members, spouses, and children of members in informal employment.
Their contact details are:
Contact number: +254 709 898 000
Email: [email protected]
2. Stima Sacco
Stima Sacco stands out as a premier choice for savings and investments in Kenya, offering attractive dividends and robust financial services.
Established in 1974 to support the East African Power and Lighting Company, it has evolved to serve Kenyans from diverse sectors, businesses, groups, and corporations.
It prioritizes providing members with competitive savings options, access to affordable credit, and attractive returns on investments.
Their contact details are:
Contact: +254 703 024 000
Email: [email protected]
Website: www.stima-sacco.com
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3. Kenya National Police DT Sacco
Kenya National Police DT Sacco, established in 1972 with a modest membership of 690, has evolved into a cornerstone of financial stability for its members.
With its headquarters located on Ngara Road, off Muranga Road, the Sacco has expanded its reach and now serves over 63,009 members.
The Sacco is dedicated to providing diversified, reliable, accessible, and affordable financial products and services to its members.
It offers an array of credit products tailored to meet various financial needs, including premier loans, super loans, mega loans, refinancing loans, emergency loans, and school fees loans, among others.
Their contact details are:
Contact: 0709 825 000
Email: [email protected]
Website: www.policesacco.com
4. Unaitas Sacco
Unaitas Sacco, situated at Cardinal Otunga Plaza Next to Holy Family Basilica on Cardinal Otunga Road, Nairobi, stands as a beacon of financial empowerment for its members.
Founded in May 1993 by tea farmers as a cooperative society, Unaitas has grown to encompass over 320,000 members across Kenya.
Its membership base spans individuals, investment groups, and small businesses.
Driven by its mission to democratize financial strength, Unaitas endeavors to offer innovative financial solutions to the everyday person.
The Sacco provides a comprehensive suite of loan products tailored to meet diverse needs, including development loans, asset financing, salary advances, biashara loans, and more.
Their contact details are:
Contact: +254721244139
Email: [email protected]
Website: www.unaitas.com
5. Mhasibu Sacco
At Mhasibu Sacco, located at Absa Plaza, 8th Floor, Market Street, Next to Laico Regency Hotel, financial empowerment meets professional excellence.
Established by the Institute of Certified Public Accountants of Kenya (ICPAK), Mhasibu Sacco stands as one of the premier financial institutions in the country.
It caters to members within the accountancy profession, including students and training institutions.
Driven by a mission to mobilize savings and foster financial independence, Mhasibu Sacco has witnessed remarkable growth since its inception, with over 500,000 members benefiting from its services.
In alignment with its core mission, the Sacco offers a spectrum of savings and credit services, along with other tailored financial products, to meet the evolving needs of its members.
Their contact details are:
Contact: +254 020 5141900
Email: [email protected]
Website: www.mhasibusacco.com
6. Waumini Sacco
With a mission to foster financial stability and growth, Waumini Sacco stands as the premier choice for savings in Kenya.
Boasting a membership primarily from the Catholic Diocese, it serves over 33,000 registered members.
Waumini Sacco prioritizes mobilizing savings and deposits while extending credit facilities to its members, facilitating economic and social empowerment.
Its comprehensive range of FOSA and BOSA savings and loan products caters to diverse financial needs.
Their contact details are:
Contact: 0709 052000
Email: [email protected]
Website: www.wauminisacco.com
7. Kimisitu Sacco
Kimisitu Sacco, founded in 1985, welcomes members from various sectors including non-governmental organizations, international organizations, embassies and missions, and esteemed institutions.
Offering a diverse range of FOSA savings and loan products, Kimisitu Sacco encourages thrift among its members, providing secure saving avenues and competitive interest rates.
Their contact details are:
Contact: +254 709 136 000
Email: [email protected]
Website: www.kimisitusacco.or.ke
8. Hazina Sacco
Established in 1971 and regulated by SASRA, Hazina Sacco champions thrift and savings among its members, fostering a reliable source of loanable funds.
Originally drawing membership from the Ministry of Finance and Planning, it now welcomes members from various ministries, parastatals, county governments, and the private sector, boasting over 18,000 active members.
Hazina Sacco offers an array of services through BOSA and FOSA, aiming to deliver prompt, quality, and efficient financial services while prioritizing effective savings mobilization.
Their contact details are:
Tel: 020-2720831
Email: [email protected]
Website: www.hazinasacco.or.ke
9. Gusii Mwalimu Sacco
Founded in 1979, Gusii Mwalimu Sacco is a member-owned and member-controlled financial institution, dedicated to providing a variety of financial products and services to its members at competitive interest rates.
Services include both BOSA and FOSA products, ensuring comprehensive financial solutions.
With a membership exceeding 31,000 individuals, Gusii Mwalimu Sacco draws members from diverse sectors such as the TSC secretariat, primary and secondary school teachers, lecturers, university staff, civil servants, national and county government employees, pensioners, and NGO staff.
The Sacco facilitates savings accumulation for its members, fostering financial security and growth.
Their contact details are:
Contact: 058 – 2030357
Email: [email protected]
10. Metropolitan National Sacco Ltd
Established in 1977, Metropolitan National Sacco Ltd has flourished to accommodate over 37,000 members.
It prides itself on offering competitive loans and reasonable payment packages while adhering to the Sacco’s membership policies for member admissions.
Metropolitan National Sacco provides an array of financial services including M-Metro cash, Dhahabu investments, and fixed deposit accounts.
With a commitment to excellence, the Sacco aims to surpass customer expectations while remaining economically competitive.
Their contact details are:
Contact: +254 709 641 000
Email: [email protected]
Wrapping up
Saccos are a viable alternative to traditional banks in Kenya, as they offer affordable and accessible financial services to Kenyans of diverse backgrounds.
In this article, I have explored the 10 best Saccos in Kenya for savings and investment so if you are looking for a way to grow your wealth and achieve your financial goals in Kenya, Saccos might be a good option for you.
You can learn more about the best Saccos in Kenya by visiting each Sacco’s website provided in the article or by contacting the Sacco associations directly.
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