Kenya’s Savings and Credit Cooperative Organizations (SACCOs) play a vital role in promoting financial inclusion, empowering individuals through affordable credit, and encouraging a culture of saving.
As the cooperative movement continues to thrive, identifying the most reliable SACCOs is essential for financial security and long-term growth. In this article, we explore the Top 5 Best SACCOs in Kenya in 2025, highlight key red flags to watch for before joining any SACCO, and shed light on those that have recently faced financial or governance challenges.
Top 5 Best Performing SACCOs in Kenya (2025)
- Mwalimu National SACCO
- Stima DT SACCO
- Kenya National Police DT SACCO
- Harambee SACCO
- Tower SACCO
1. Mwalimu National SACCO
Mwalimu National SACCO stands as the largest deposit-taking SACCO in Kenya, both in total assets and membership. It is highly respected for its financial stability, consistent dividends, and transparent management practices.
Targeting teachers and professionals, the SACCO emphasizes prudent governance and reliability. As of 2024, it reported assets of approximately KSh 66.43 billion, solidifying its dominance in Kenya’s cooperative financial sector.
2. Stima DT SACCO
Stima DT SACCO is one of the most financially robust SACCOs in Kenya, initially formed to serve energy sector employees before expanding to include members from various fields.
Its rapid asset growth, reliable dividend returns, and technology-driven service delivery make it a preferred choice for professionals. As of 2024, the SACCO’s assets stood at KSh 66.51 billion, placing it among Kenya’s elite financial cooperatives.
3. Kenya National Police DT SACCO
The Kenya National Police DT SACCO caters to members of the National Police Service and other disciplined forces. It has earned a strong reputation for trustworthiness, offering competitive loan products and stable dividend payouts.
With a focus on member satisfaction and disciplined financial management, the SACCO managed assets worth KSh 59.83 billion in 2024, reflecting its solid foundation and commitment to excellence.
4. Harambee SACCO
Harambee SACCO is one of Kenya’s most established and oldest SACCOs, known for its financial integrity, inclusivity, and member empowerment programs. Its broad membership base and transparent governance have enabled it to maintain consistent performance and trust among Kenyans. As of 2024, Harambee SACCO reported total assets of approximately KSh 38.57 billion, reaffirming its strong influence within the cooperative sector.
5. Tower SACCO
Tower SACCO has built a strong reputation for high dividend payouts, efficient management, and strategic investments. It consistently ranks among the top SACCOs for asset growth and member satisfaction. Through financial discipline and innovation, Tower SACCO continues to provide secure savings and affordable loans. By 2024, its total assets reached KSh 28.04 billion, confirming its position among Kenya’s best-managed SACCOs.
SACCOs to Avoid in Kenya and Why
While many SACCOs maintain integrity and performance, a few have recently faced serious governance and financial challenges. Below are SACCOs that prospective members should approach with caution:
- KUSCCO (Kenya Union of Savings & Credit Co-operatives)
- Afya SACCO Society Ltd
- Metropolitan National SACCO
- Vision / World Vision Kenya SACCO
KUSCCO (Kenya Union of Savings & Credit Co-operatives)
KUSCCO, the national umbrella body for SACCOs, has come under scrutiny for large-scale financial mismanagement. Forensic audits revealed non-performing loans worth around KSh 3.7 billion, irregular commission payments, and overstated profits. Though still influential, the findings underscore the importance of transparency and oversight when engaging with its affiliated SACCOs.
Afya SACCO Society Ltd
Afya SACCO, one of Kenya’s largest health sector cooperatives, has been investigated for alleged financial mismanagement involving about KSh 550 million in undocumented transactions. Additionally, it suffered a KSh 361.6 million loss due to investments linked with KUSCCO. These issues highlight governance weaknesses that potential members should monitor closely.
Metropolitan National SACCO
Metropolitan National SACCO has been linked to one of the biggest SACCO financial scandals in Kenya, reportedly losing KSh 12 billion through fraud and disbursement of bad loans to non-existent members. Poor oversight and inflated financial reports have significantly eroded member confidence, serving as a warning on the need for strict governance standards.
Vision / World Vision Kenya SACCO
Vision SACCO, also known as World Vision Kenya SACCO, was involved in internal fraud cases that led to losses of about KSh 47 million. Weak internal controls and improper financial practices such as overpayments and unauthorized rebates were uncovered. Although reforms have been initiated, potential members should confirm the successful implementation of these measures before joining.
Conclusion
Kenya’s SACCO movement remains one of the strongest pillars of financial empowerment, giving millions of citizens access to affordable loans and reliable savings options. While institutions like Mwalimu National SACCO, Stima DT SACCO, and Tower SACCO continue to set the bar for performance and accountability, others have struggled with governance and transparency issues. Always conduct due diligence, verify regulatory compliance, and review financial performance before joining any SACCO. A well-managed SACCO can help you grow your wealth, while a poorly governed one can put your savings at risk.
What to Consider Before Joining a SACCO in Kenya
Before joining a SACCO, it’s crucial to evaluate its credibility and financial health. Below are key considerations and red flags to look out for:
1. SASRA Licensing and Regulation
Ensure the SACCO is licensed and regulated by the Sacco Societies Regulatory Authority (SASRA). Unlicensed SACCOs pose a higher financial risk to members.
2. Financial Transparency
Review audited financial reports to confirm transparency. Check for disclosed losses, bad loans, or suspicious accounting practices.
3. Fund Management Practices
Investigate how the SACCO manages member funds. Be cautious of cases involving unexplained withdrawals, inflated allowances, or misuse of member contributions.
4. Related Party Transactions
Avoid SACCOs that engage in lending to “fake members” or have a history of questionable insider transactions.
5. Investment Focus
A trustworthy SACCO should stick to its core functions—savings and credit services—rather than investing in high-risk ventures.
6. Member Feedback
Research member reviews and complaints. Frequent issues such as delayed withdrawals, lack of communication, or governance concerns are red flags.
Frequently Asked Questions (FAQ) About SACCOs in Kenya
1. What should I consider before joining a SACCO in Kenya?
Before joining any SACCO, verify its SASRA license, review audited reports, and evaluate its financial transparency. Avoid SACCOs with repeated complaints about poor communication, delayed withdrawals, or risky non-core investments.
2. How can I identify a trustworthy SACCO?
Look for SACCOs with consistent dividend payouts, clear governance structures, good online reviews, and strong asset growth over time.
3. Are all SACCOs in Kenya regulated?
No, only deposit-taking SACCOs (DT-SACCOs) are regulated by SASRA. Always confirm the SACCO’s registration status before investing.
Sources: Mwalimu National SACCO, Stima DT SACCO, Kenya National Police DT SACCO, Harambee SACCO, Tower SACCO, Statesman Digital, Citizen Digital, Sacco Review, AllAfrica, Capital FM.