Kenya’s Savings and Credit Cooperative Organisations (SACCOs) continue to play a crucial role in the country’s financial sector, offering attractive returns to millions of members through dividends and interest on deposits.
According to the latest report by the Sacco Societies Regulatory Authority (SASRA), the SACCO industry has experienced remarkable growth over the past decade.
Kenya currently has 357 regulated SACCOs, reflecting the rapid expansion of cooperative financial institutions across the country.
Data from the regulator shows that the sector’s total assets have more than tripled over the last 10 years. In 2014, SACCO assets stood at about KSh 301.54 billion.
By December 2024, the figure had surpassed the trillion-shilling mark for the first time, reaching KSh 1.076 trillion.
Savings and deposits have also recorded strong growth. Over the same period, total deposits mobilised by SACCOs increased from KSh 205.97 billion to KSh 749.43 billion.
The rise highlights the growing trust many Kenyans have in SACCOs as reliable financial institutions for saving and borrowing.
Membership has also expanded significantly. The number of people enrolled in regulated SACCOs has more than doubled, increasing from slightly under 3.08 million in 2014 to about 7.39 million in 2024.
A report by SACCO Review and Bizna Kenya ranked several SACCOs based on the dividends paid on share capital and interest offered on deposits for the financial year ending December 31, 2025.
Nyati DT SACCO emerged as the top performer, offering a dividend rate of 21% and deposit interest of 11.3%.
It was followed by Tower SACCO and Ports SACCO, both of which declared a dividend rate of 20%, although Tower offered slightly higher interest on deposits.
Other SACCOs that posted strong returns include Yetu DT SACCO Ltd, Unison SACCO, Nation DT SACCO, and Police SACCO.
Meanwhile, some SACCOs continue to dominate in terms of total assets. Mwalimu SACCO leads the sector with assets worth KSh 68.89 billion.
It is followed closely by Stima SACCO with KSh 66.81 billion and Police SACCO with KSh 59.83 billion.
Analysts say the strong performance of SACCOs highlights their growing importance in supporting financial inclusion, savings culture, and access to affordable credit for millions of Kenyans.