Saccos in Kenya
SACCOs in Kenya or the SACCO movement in Kenya is billed as the largest in Africa and among the top 10 globally. With over Ksh 230 billion in assets and a savings portfolio estimated at Ksh 190 billion, the SACCO movement in Kenya constitutes a significant proportion, about 20 per cent, of the country’s domestic savings.
SACCOs in Kenya have thus become a vital component of Kenya’s economic and social development.
With the sector controlling such huge resources and the savings, there were numerous cases of theft and misappropriation of funds and the government came up with the legislation to regulate the sector.
The Sacco Societies Regulatory Authority (SASRA) is a Semi-Autonomous Government Agency under the Ministry of Cooperative, Development and Marketing. It is a creation of the Sacco Societies Act 2008 and was inaugurated in 2009 charged with the prime responsibility to licence and supervise deposit taking Sacco Societies in Kenya.
The Authority derives its powers to regulate the deposit taking Sacco Societies in Kenya from the Sacco Societies Act 2008 and the Regulations issued there under.
The mandate of the Authority as provided by the Act includes the following;
a) licence Saccos in Kenya to carry out deposit-taking business in accordance with this Act;
b) regulate and supervise Sacco societies;
c) do all such other things as may be lawfully directed by the Minister; and
d) Perform such other functions as are conferred on it by this Act or by any other written law.
Here are some of the licenced saccos in Kenya. Click on any sacco to get more information and the products it offers.
• Afya Sacco Society Ltd
• Airports Sacco Society Ltd
• Asili Sacco Society Ltd
• Bandari Sacco Society Ltd
• Baraka Sacco Society Ltd
• Baringo Farmers Sacco Society Ltd
• Baringo Teachers Sacco Society Ltd
• Biashara Sacco Society Ltd
• Bingwa Sacco Society Ltd
• Borabu Sacco Society Ltd
• Bungoma Teachers Sacco Society Ltd
• Bureti Sacco Society Ltd
• Chai Sacco Society Ltd
• Chemelil Sacco Society Ltd
• Chepsol Sacco Society Ltd
• Chuna Sacco Society Ltd
• Comoco Sacco Society Ltd
• Daima Sacco Society Ltd
• Diocese Of Meru Sacco Society Ltd
• Embu Teachers Sacco Society Ltd
• Fariji Sacco Society Ltd
• Githunguri Dairy & Community Sacco Society Ltd
• Gusii Mwalimu Sacco Society Ltd
• Harambee Sacco Society Ltd
• Irianyi Tea Sacco Society Ltd
• Jamii Sacco Society Ltd
• Kakamega Teachers Sacco Society Ltd
• Keiyo Teachers Sacco Society Ltd
• Kenpipe Sacco Society Ltd
• Kenya Canners Sacco Society Ltd
• Kenya Highlands Sacco Society Ltd
• Kenya Police Staff Sacco Society Ltd
• Kiambaa Dairy Rural Sacco Society Ltd
• Kilifi Teachers Sacco Society Ltd
• Kingdom Sacco Society Ltd
• Kipsigis Teachers Sacco Society Ltd
• Kite Sacco Society Ltd
• Kitui Teachers Sacco Society Ltd
• Kmfri Sacco Society Ltd
• Konoin Sacco Society Ltd
• K-Unity Sacco Society Ltd
• Kuria Teachers Sacco Society Ltd
• Magadi Sacco Society Ltd
• Mathira Farmers Sacco Society Ltd
• Maua Methodist Hospital Sacco Ltd
• Meru Mwalimu Sacco Society Ltd
• Meru North Farmers Sacco Society Ltd
• Meru South Farmers Sacco Society Ltd
• Metropolitan Teachers Sacco Society Ltd
• Mombasa Port Sacco Society Ltd
• Mombasa Teachers Sacco Society Ltd
• Muhigia Sacco Society Ltd
• Mumias Outgrowers Sacco Society Ltd
• Muramati Sacco Society Ltd
• Murang'a Teachers Society Ltd
• Murata Sacco Society Ltd
• Mwalimu National Sacco Society Ltd
• Mwito Sacco Society Ltd
• Nacico Sacco Society Ltd
• Naku Sacco Society Ltd
• Nakuru Teachers Sacco Society Ltd
• Nandi Hekima Sacco Society Ltd
• Narok Teachers Sacco Society Ltd
• Nation Staff Sacco Society Ltd
• Ndege Chai Sacco Society Ltd
• Ndosha Sacco Society Ltd
• Nithi Tea Growers Sacco Society Ltd
• Nyambene Arimi Sacco Society Ltd
• Nyamira Tea Farmers Sacco Society Ltd
• Nyandarua Teachers Sacco Society Ltd
• Nyeri Teachers Sacco Society Ltd
• Orthodox Development Sacco Society Ltd
• Safaricom Sacco Society Ltd
• Sheria Sacco Society Ltd
• Siaya Teachers Sacco Society Ltd
• Simba Chai Sacco Society Ltd
• Siraji Sacco Society Ltd
• Sot Tea Growers Sacco Society Ltd
• South Imenti Tea Growers Sacco Society Ltd
• Stima Sacco Society Ltd
• Tai Sacco Society Ltd
• Taifa Sacco Society Ltd
• Tenhos Sacco Society Ltd
• Tharaka Nithi Teachers Sacco Society Ltd
• Thika District Teachers Sacco Society Ltd.
• Trans-Nzoia Teachers Sacco Society Ltd
• U.N. Sacco Society Ltd
• Ukulima Sacco Society Ltd
• Universal Traders Sacco Society Ltd
• Wakenya Pamoja Sacco Society Ltd
• Wakulima Dairy Sacco Society Ltd
• Wana-Anga Sacco Society Ltd
• Wananchi Sacco Society Ltd
• Wanandege Sacco Society Ltd
• Wareng Teachers Sacco Society Ltd
• Waumini Sacco Society Ltd
Got any more SACCOS in Kenya not listed? Contact us to include them here.
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