What is a Sacco/What are Saccos?
The acronym SACCO is an abbreviation of Savings and Credit Cooperative Organisation used to refer to Saccos. It can be defined as an organization where people come together to pool resources and savings and offer loans to their own members in a bid to create wealth and personal development for each of the members. The main objective behind a Sacco is to empower people financially by providing savings and loan services in order to create wealth.
How are Saccos formed?
Community members come together, form a group and start saving their money. They appoint one of the members to become the treasurer, but with time the group grows tremendously and the money cannot be handled by one person, this leads to an absolute decision to form a Sacco.
Why a Sacco instead of a Bank?
The main advantage of choosing a Sacco instead of a Bank is that; Saccos charge low interest rates on Loans than Banks. The loan rates are constant overtime and do not have some extra/hidden charges required to obtain a loan. Also, Saccos have a share owning program where the money invested in the Saccos by members or shareholders represents a certain percent/unit of ownership by the member/shareholder.
These shares are useful on several instances; e.g. when acquiring a loan, a member does not have to hand in a Title Deed or a Log Book to secure the loan. Instead, the Sacco calculates the total share ownership of the member and issues them a loan of a certain percentage, say 70%.
Therefore, if a member has shares worth 1 Million, the it is easy to secure a Ksh 700,000 loan. Additionally, a member can decide to withdraw all his shares from the Sacco, in that case he shall be issued with the whole amount worth his shares and in this case Ksh 1 Million. Saccos are most appropriate for low income groups as they help them grow financially within a reasonable period of time.
How do I register a Sacco in Kenya?
To register a Sacco in Kenya, it has to be accredited by the Sacco Societies Regulatory Authority of Kenya. (SASRA). If the Sacco intends to take deposits from its members/customers, it will be required to obtain a license from the authority. SASRA is mandated by section 24 of the Saccos Societies Act 2008 to license and regulate the operation of Deposit Taking Saccos.
Today, Kenya has over 170 registered Saccos operating in the country. These Saccos have helped a lot of people detach themselves from the cobwebs of poverty by providing savings and investment loans at relatively fair interest rates. This article focuses on the list of registered Saccos in Kenya, their contacts and location.
LIST OF SACCO SOCIETIES LICENSED TO UNDERTAKE DEPOSIT-TAKING SACCO BUSINESS IN KENYA FOR THE FINANCIAL YEAR ENDING DECEMBER, 2021:
1. 2NK Sacco Society Ltd- P.O Box 12196 – 10109, Nyeri
2. Acumen Sacco Society Ltd- P.O. Box 1325 – 00200, Nairobi
3. Afya Sacco Society Ltd- P.O. Box 11607 – 00400, Nairobi.
4. Agro-Chem Sacco Society Ltd- P.O Box 94 – 40107, Muhoroni.
5. Ainabkoi Sacco Society Ltd- P.O. Box 120 – 30101, Ainabkoi
6. Airports Sacco Society Ltd- P.O. Box 19001 – 00501, Nairobi
7. Amica Sacco Society Ltd- P.O. Box 816 – 10200, Murang’a.
8. Ammar Sacco Society Ltd- P.O Box 6957 – 01000, Thika.
9. Ardhi Sacco Society Ltd- P.O. Box 28782 – 00200, Nairobi.
10. Asili Sacco Society Ltd- P.O. Box 49064 – 00100, Nairobi.
11. Azima Sacco Society Ltd- P.O. Box 1124 – 01000, Thika.
12. Bandari Sacco Society Ltd- P.O. Box 95011 – 80104, Mombasa.
13. Baraka Sacco Society Ltd- P.O. Box 1548 – 10101, Karatina.
14. Baraton University Sacco Society Ltd- P.O Box 2500 – 30100, Eldoret.
15. Biashara Sacco Society Ltd- P.O. Box 1895 – 10100, Nyeri.
16. Biashara Tosha Sacco Society Ltd- P.O Box 189 – 60101, Manyatta.
17. Bi-High Sacco Society Ltd- P.O. Box 90 – 60500, Marsabit.
18. Bingwa Sacco Society Ltd- P.O. Box 434 – 10300, Kerugoya.
19. Boresha Sacco Society Ltd- P.O. Box 80 – 20103, Eldama Ravine.
20. Capital Sacco Society Ltd- P.O Box 1479 – 60200, Meru.
21. Centenary Sacco Society Ltd- P.O. Box 1207 – 60200, Meru.
22. Chai Sacco Society Ltd- P.O. Box 278 – 00200, Nairobi.
23. Chuna Sacco Society Ltd- P.O. Box 30197 – 00100, Nairobi.
24. Comoco Sacco Society Ltd- P.O. Box 3334 – 00200, Nairobi
25. Cosmopolitan Sacco Society Ltd- P.O. Box 1931 – 20100, Nakuru.
26. County Sacco Society Ltd- P.O. Box 21 – 60103, Runyenjes.
27. Daima Sacco Society Ltd- P.O. Box 2032 – 60100, Embu.
28. Dhabiti Sacco Society Ltd- P.O. Box 353 – 60600, Maua.
29. Dimkes Sacco Society Ltd- P.O. Box 886 – 00900, Kiambu.
30. Dumisha Sacco Society Ltd- P.O Box 84 – 20600, Mararal.
31. Eco-Pillar Sacco Society Ltd- P.O. Box 48 – 30600, Kapenguria
32. Egerton Sacco Society Ltd- P.O. Box 178 – 20115, Egerton.
33. Elimu Sacco Society Ltd- P.O Box 10073 – 00100, Nairobi.
34. Enea Sacco Society Ltd- P.O. Box 1836 – 10101, Karatina.
35. Faridi Sacco Society Ltd- P.O. Box 448 – 50400, Busia.
36. Fariji Sacco Society Ltd- P.O. Box 589 – 00216, Githunguri.
37. Fortitude Sacco Society Ltd- P.O. Box 237 – 40305, Mbita.
38. Fortune Sacco Society Ltd- P.O. Box 559 – 10300, Kerugoya.
39. Fundilima Sacco Society Ltd- P.O. Box 62000 – 00200, Nairobi.
40. GDC Sacco Society Ltd- P.O.Box896 – 00216, Githunguri.
41. Golden Pillar Sacco Society Ltd- P.O. Box 3192 – 60200, Meru.
42. Good Faith Sacco Society Ltd- P.O.Box 224 – 00222, Uplands
43. Goodhope Sacco Society Ltd- P.O. Box 158 – 20500, Narok.
44. Goodway Sacco Society Ltd- P.O Box 626 – 10300, Kerugoya.
45. Gusii Mwalimu Sacco Society Ltd- P.O. Box 1335 – 40200, Kisii.
46. Harambee Sacco Society Ltd- P.O. Box 47815 – 00100, Nairobi.
47. Hazina Sacco Society Ltd- P.O. Box 59877 – 00200, Nairobi.
48. Ilkisonko Sacco Society Ltd- P.O Box 91 – 00209, Loitokitok.
49. Imarika Sacco Society Ltd- P.O. Box 712 – 80108, Kilifi.
50. Imarisha Sacco Society Ltd- P.O. Box 682 – 20200, Kericho.
51. Invest and Grow (IG) Sacco Society Ltd- P.O. Box 1150 –50100, Kakamega.
52. Jacaranda Sacco Society Ltd- P.O. Box 1767 – 00232, Ruiru
53. Jamii Sacco Society Ltd- P.O. Box 57929 – 00200, Nairobi.
54. Jitegemee Sacco Society Ltd- P.O. Box 86937 – 80100, Mombasa.
55. Joinas Sacco Society Ltd- P.O. Box 669 – 00219, Karuri.
56. Jumuika Sacco Society Ltd- P.O. Box 14 – 40112, Awasi
57. Kencream Sacco Society Ltd- P.O. Box 300131 – 00200, Nairobi
58. Kenpipe Sacco Society Ltd- P.O. Box 314 – 00507, Nairobi.
59. Kenversity Sacco Society Ltd- P.O. Box 10263 – 00100, Nairobi.
60. Kenya Achievas Sacco Society Ltd- P.O. Box 3080 – 40200, Kisii.
61. Kenya Bankers Sacco Society Ltd- P.O. Box 73236 – 00200, Nairobi.
62. Kenya Highlands Sacco Society Ltd- P.O. Box 2085 – 002000, Kericho.
63. Kenya Midland Sacco Society Ltd- P.O Box 287 – 20400, Bomet.
64. Kenya Police Sacco Society Ltd- P.O. Box 51042 – 00200, Nairobi.
65. Kimbilio Daima Sacco Society Ltd- P.O. Box 81 – 20225, Kimulot.
66. Kimisitu Sacco Society Ltd- P.O. Box 10454 – 00200, Nairobi
67. Kingdom Sacco Society Ltd- P.O. Box 8017 – 00300, Nairobi.
68. Kipsigis Edis Sacco Society Ltd- P.O Box 228 – 20400, Bomet.
69. Kite Sacco Society Ltd- P.O. Box 2073 – 40100, Kisumu.
70. Kitui Teachers Sacco Society Ltd- P.O. Box 254 – 90200, Kitui.
71. Kolenge Tea Sacco Society Ltd- P.O Box 291 – 30301, Nandi Hills.
72. Koru Sacco Society Ltd- P.O. Box Private Bag-40100, Koru
73. K-Pillar Sacco Society Ltd- P.O. Box 83 – 20403, Mogogosiek.
74. K-Unity Sacco Society Ltd- P.O. Box 268 – 00900, Kiambu.
75. Kwetu Sacco Society Ltd- P.O Box 818 – 90100, Machakos.
76. Lainisha Sacco Society Ltd- P.O. Box 272 – 10303, Wang’uru.
77. Lamu Teachers Sacco Society Ltd- P.O. Box 110 – 80500, Lamu
78. Lengo Sacco Society Ltd- P.O. Box 1005 – 80200, Malindi.
79. Mafanikio Sacco Society Ltd- P.O Box 86515 – 80100, Mombasa.
80. Magadi Sacco Society Ltd- P.O. Box 13 – 00205, Magadi.
81. Magereza Sacco Society Ltd- P.O. Box 53131 – 00200, Nairobi.
82. Maisha Bora Sacco Society Ltd- P.O. Box 30062 – 00100, Nairobi.
83. Mentor Sacco Society Ltd- P.O. Box 789 – 10200, Murang’a.
84. Metropolitan National Sacco Society Ltd- P.O. Box 871 – 00900, Kiambu.
85. MMH Sacco Society Ltd- P.O. Box 469 – 60600, Maua.
86. Mombasa Port Sacco Society Ltd- P.O. Box 95372 – 80104, Mombasa.
87. Mudete Factory Tea Growers Sacco Society Ltd- P.O. Box 221 – 41053, Khayega.
88. Muki Sacco Society Ltd- P.O Box 398 – 20318, North Kinangop
89. Mwalimu National Sacco Society Ltd- P.O. Box 62641 – 00200, Nairobi.
90. Mwietheri Sacco Society Ltd- P.O. Box 2445 – 60100, Embu.
91. Mwito Sacco Society Ltd- P.O. Box 56763 – 00200, Nairobi.
92. Nacico Sacco Society Ltd- P.O. Box 34525 – 00100, Nairobi.
93. Nafaka Sacco Society Ltd- P.O. Box 30586 – 00100, Nairobi.
94. Nandi Farmers Sacco- P.O Box 333 – 30301, Nandi Hills
95. Nanyuki Equator Sacco- Society
Ltd P.O Box 1098 – 10400, Nanyuki
96. Nation Sacco Society Ltd- P.O. Box 22022 – 00400, Nairobi.
97. Nawiri Sacco Society Ltd- P.O Box 400 – 60100, Embu.
98. Ndege Chai Sacco Society Ltd- P.O. Box 857 – 20200, Kericho.
99. Ndosha Sacco Society Ltd- P.O. Box 532 – 60401, Chogoria– Maara.
100. New Forties Sacco Society Ltd- P.O. Box 1939 – 10100, Nyeri.
101. Nexus Sacco Society Ltd- P.O Box 251 – 60202, Nkubu.
102. Ng’arisha Sacco Society Ltd- P.O. Box 1199 – 50200, Bungoma.
103. Noble Sacco Society Ltd- P.O. Box 3466 – 30100, Eldoret.
104. NRS Sacco Society Ltd- P. O Box 575 – 00902, Kikuyu.
105. NSSF Sacco Society Ltd- P.O. Box 43338 – 00100, Narobi.
106. Nufaika Sacco Society Ltd- P.O Box 735 – 10300, Kerugoya.
107. Nyala Vision Sacco Society Ltd- P.O Box 27 – 20306, Ndaragwa.
108. Nyambene Arimi Sacco Society Ltd- P.O. Box 493 – 60600, Maua.
109. Nyamira Tea Farmers Sacco Society Ltd- P.O. Box 633 – 40500, Nyamira
110. Nyati Sacco Society Ltd- P.O. Box 7601 – 00200, Nairobi
111. Ollin Sacco Society Ltd- P.O Box 83 – 10300, Kerugoya.
112. Orient Sacco Society Ltd- P.O. Box 1842 – 01000, Thika.
113. Patnas Sacco Society Ltd- P.O Box 601 – 20210, Litein.
114. Prime Time Sacco- P.O. Box 512 – 30700, Iten
115. PUAN Sacco Society Ltd- P.O Box 404 – 20500, Narok.
116. Qwetu Sacco Society Ltd- P.O Box 1186 – 80304, Wundanyi
117. Rachuonyo Teachers Sacco Society Ltd- P.O. Box 147 – 40332, Kosele
118. Safaricom Sacco Society Ltd- P.O. Box 66827 – 00800, Nairobi.
119. Sheria Sacco Society Ltd- P.O. Box 34390 – 00100, Nairobi.
120. Shirika Deposit Taking Sacco Society Ltd- P.O Box 43429 – 00100, Nairobi.
121. Shoppers Sacco Society Ltd- P.O. Box 16 – 00507, Nairobi
122. Simba Chai Sacco Society Ltd- P.O. Box 977 – 20200, Kericho.
123. Siraji Sacco Society Ltd- P.O. Box Private Bag, Timau.
124. Skyline Sacco Society Ltd- P.O. Box 660 – 20103, Eldama Ravine.
125. Smart Champions Sacco Society Ltd- P.O Box 64 – 60205, Githingo
126. Smart-Life Sacco Society Ltd- P.O Box 118 – 30705, Kapsowar.
127. Solution Sacco Society Ltd- P.O. Box 1694 – 60200, Meru.
128. Sotico Sacco Society Ltd- P.O. Box 959 – 20406, Sotik.
129. Southern Star Sacco Society Ltd- P.O Box 514 – 60400, Chuka
130. Stake Kenya Sacco Society Ltd- P.O. Box 208 – 40413, Kehancha
131. Stawisha Sacco Society Ltd- P.O Box 27 – 50203, Kapsokwony.
132. Stima Sacco Society Ltd- P.O. Box 75629 – 00100, Nairobi.
133. Suluhu Sacco Society Ltd- P.O Box 489 – 90400, Mwingi.
134. Supa Sacco Society Ltd- P.O. Box 271 – 20600, Maralal.
135. Tabasamu Sacco Society Ltd- P.O. Box 123 – 80403, Kwale.
136. Tabasuri Sacco Society Ltd- P.O. Box 80862 – 80100, Mombasa.
137. TAI Sacco Society Ltd- P.O. Box 718 – 00216, Githunguri.
138. Taifa Sacco Society Ltd- P.O. Box 1649 – 10100, Nyeri.
139. Taqwa Sacco Society Ltd- P.O. Box 10180 – 00100, Nairobi
140. Taraji Sacco Society Ltd- P.O. Box 605 – 40600, Siaya.
141. Telepost Sacco Society Ltd- P.O. Box 49557 – 00100, Nairobi
142. Tembo Sacco Society Ltd- P.O. Box 91 – 00618, Ruaraka Nairobi.
143. Tenhos Sacco Society Ltd- P.O. Box 391 – 20400, Bomet.
144. Thamani Sacco Society Ltd- P.O. Box 467 – 60400, Chuka.
145. The Apple Sacco Society Ltd- P.O Box 153 – 50305, Sirwa.
146. Times-U Sacco Society Ltd- P.O. Box 310 – 60202, Nkubu.
147. Tower Sacco Society Ltd- P.O. Box 259 – 20303, Ol’kalou.
148. Trans- Elite County Sacco Society Ltd- P.O Box 547 – 30300, Kapsabet.
149. Trans Nation Sacco Society Ltd- P.O. Box 15 – 60400, Chuka.
150. Trans-Counties Sacco Society Ltd- P.O. Box 2965 – 30200, Kitale.
151. Trans-National Times Sacco Society Ltd- P.O. Box 2274 – 30200, Kitale
152. Uchongaji Sacco Society Ltd- P.O. Box 92503 – 80102, Mombasa.
153. Ufanisi Sacco Society Ltd- P.O Box 2973 – 00200, Nairobi.
154. Ukristo Na Ufanisi Wa Anglicana Sacco Society Ltd- P.O Box 872 – 00605, Nairobi.
155. Ukulima Saco Society Ltd- P.O. Box 44071 – 00100, Nairobi.
See Also: List of Mobile Loan Apps In Kenya 2021
156. Unaitas Sacco Society Ltd- P.O. Box 38791 – 00100, Nairobi.
157. Uni-County Sacco Society Ltd- P.O Box 10132 – 20100, Nakuru
158. Unison Sacco Society Ltd- P.O Box 414 – 10400, Nanyuki.
159. United Nations Sacco Society Ltd- P.O. Box 2210 – 00621, Nairobi.
160. Universal Traders Sacco Society Ltd- P.O. Box 2119 – 90100, Machakos.
161. Ushuru Sacco Society Ltd- P.O. Box 52072 – 00200, Nairobi.
162. Vihiga County Farmers Sacco Society Ltd- P.O Box 309 – 50317, Chavakali.
163. Viktas Sacco Society Ltd- P.O Box 2183 – 20300, Nyahururu.
164. Vision Africa Sacco Society Ltd- P.O Box 18263 – 20100, Nakuru.
165. Vision Point Sacco Society Ltd- P.O. Box 42 – 40502, Nyansiongo.
166. Wakenya Pamoja Sacco Society Ltd- P.O. Box 829 – 40200, Kisii.
167. Wakulima Commercial Sacco Society Ltd- P.O. Box 232 – 10103, Mukurweni.
168. Wana-anga Sacco Society Ltd- P.O. Box 34680 – 00501, Nairobi.
169. Wananchi Sacco Society Ltd- P.O. Box 910 – 10106, Othaya.
170. Wanandege Sacco Society Ltd- P.O. Box 19074 – 00501, Nairobi.
171. Washa Sacco Society Ltd- P.O. Box 83256 – 80100, Mombasa.
172. Waumini Sacco Society Ltd- P.O. Box 66121 – 00800, Nairobi.
173. Wevarsity Sacco Society Ltd- P.O Box 873 – 50100, Kakamega
174. Winas Sacco Society Ltd- P.O. Box 696 – 60100, Embu.
175. Yetu Sacco Society Ltd- P.O. Box 511 – 60202, Nkubu.
These Saccos are regulated by the Saccos Societies Regulatory Authority of Kenya. (SASRA). More information about Sacco Societies can be found on their Website: www.sasra.go.ke
