Home Finance Kenya Best Savings and Credit Cooperative Societies (SACCO’s) in Kenya 2022

Best Savings and Credit Cooperative Societies (SACCO’s) in Kenya 2022

Best Savings and Credit Cooperative Societies (Saccos) in Kenya 2021

Savings and Credit Cooperative Societies (SACCOs) are a means for one to pursue their financial goals. Saving and investment is a culture that needs to be nurtured in order for one to reach sustainable levels of financial well being and eventually, freedom. Their attractive interest rates and products make them popular among millions of Kenyans as compared to banks.

Their operations in Kenya are regulated by the government-established Sacco And Societies Regulatory Authority (SASRA). When in search of SACCOs to save with and invest in, one should consider factors such as interest rates offered on savings accounts, the flexibility of investment contributions, ease of accessing funds, and more. This article looks into some of the best SACCOs in Kenya in 2022.


This is a SACCO that has been in operation since 1974. With five branches across the country, it offers members up to twice their savings in credit. Members can also access the SACCO service easily on the phone and online. The terms of membership include the provision of necessary details such as identification documents, a membership fee, and initial share purchase.

Mhasibu SACCO

Mhasibu SACCO was formed by the Institute of Certified Public Accountants of Kenya specifically for professionals in the Finance industry. Membership has however grown to include other professions as long as membership conditions are met.

These include payment of a Ksh 1000 membership fee and filling in membership forms. Members receive complimentary savings and credit services that can be used to start businesses, expand operations, await opportunities, or prepare for financial uncertainty.

Tai SACCO Society Ltd

This society was founded in 1992 initially named Kiambu Tea Growers Sacco until 2009 when it was renamed Tai. It offers members loan and savings products through its nine branches spread across the country. 

Safaricom SACCO

The society was founded in 2001 pooling clients from Safaricom Ltd. Aimed at developing a savings culture among its members, the society has a range of savings and credit products made available to registered members.

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Waumini SACCO

This society was founded to cater particularly for members of the Catholic faith who form a majority part of the SACCO. Providing both FOSA (Front Office Service Activity) and BOSA (Back Office Service Activity) savings and loans products to its 33,000 members, Waumini is also open to members who do not subscribe to the Catholic faith. 

Kimisitu Sacco 

This society was formed to cater to individuals based in NGOs, embassies, international organizations, and missions to offer them a platform to secure their savings in accounts that would accrue high returns.

Kenya Police Sacco

The society was founded in 1972 offering a means to save and invest for its members. Diversified, accessible, affordable, and reliable financial products are available for members. The society offers members a 4% annual growth interest rate on savings accounts. Additionally, the society has an asset portfolio worth Ksh 39 billion.

Mwalimu Sacco

This is a society that was specifically designed for individuals in the teaching profession so incorporating teachers of all levels, members of the Teachers Service Commission, their children, and spouses in formal employment. It seeks to provide financial products and services to teachers.

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