To achieve financial empowerment, one is advised to join a reliable savings and credit co-operatives (SACCOs) to inspire a saving culture and finance development projects.
Below is a list of the Top Investment SACCOs in Kenya
- Unaitas SACCO
- Kenya Police SACCO
- Stima SACCO
- K-Unity SACCO
- Waumini SACCO
- Maisha Bora SACCO
- Hazina SACCO
- Wanandege SACCO
- Harambee SACCO
- Imarika SACCO.
1. Unaitas SACCO
Unaitas is a deposit taking Savings and Credit Cooperative (SACCO) organization, licensed under the SACCO Societies Act, 2012. The SACCO was initially registered on 14 May 1993 as a cooperative society.
Unaitas is a deposit-taking Savings and Credit Cooperative (SACCO) organization, licensed under the SACCO Societies Act, 2012. The SACCO was initially registered on 14 May 1993 as a cooperative society.
Through visionary leadership, committed members and staff as well as economic dynamics over the course of its rich history, Unaitas has prospered in leaps and bounds.
Unaitas SACCO is extensively known for business investments and is famous for small-scale investors. This SACCO gives out loans to members up to three times the member’s savings.
With repayment interests ranging between 1% and 1.5% per month with a reducing balance, loan periods can be extended up to 72 months.
2. Kenya Police SACCO
Kenya Police SACCO Limited was registered on 20th November 1972 and was issued with a registration certificate number CS/2092. The Society started with a membership of 690 and has since grown to 63,450 members. It has 12 elected members; 9 form the Board of Directors and 3 the Supervisory Committee.
Loans offered to members are as much as three times the members’ investment. The interests on loans from the Kenya Police SACCO are slightly high, and loans take 48 months. However, this SACCO is well known for excellence in services to investors.
3. Stima SACCO
Stima Sacco is a licensed Deposit Taking Sacco established in 1974 with the sole objective of uplifting the members’ social-economic well-being.
In April 2003 the Sacco responded to members banking needs by introducing the Front Office Service Activity (FOSA) to offer banking services to its members. To date, the Sacco has nine branches distributed in major towns.
Stima SACCO offers loans up to two times the member’s savings. The interests charged on loans are as low as 1% per month with a reducing balance. The loan periods are extendable for up to 60 months.
The SACCO has branches in Nairobi, Mombasa, Kisumu, Eldoret and Olkaria.
4. K-Unity SACCO
This SACCO is majorly centered in Nairobi and Kiambu regions. It was formerly registered in 1974. The SACCO membership is open to all but through vetting.
New members get vetted through the membership policy before being registered. The SACCO is famous for small business growth.
K-Unity SACCO gives loans up to four times the member’s savings at an interest of 1% per month at a reducing balance.
5. Waumini SACCO
Waumini Sacco is a Savings and Credit Co-operative Society registered in 1980 under the Co-operative Societies Act of the Laws of Kenya. The Sacco primarily mobilizes Savings and Deposits and extends Credit to its members thereby empowering them economically and socially
Waumini is a SACCO founded by the Catholic Church for members of the congregation. The SACCO gives loans of up to three times the member’s savings. The loan is repaid within five years at an interest rate of 12.5% per anum.
This SACCO is best for short-term projects and not longterm ones such as home construction.
6. Maisha Bora SACCO
The SACCO was started in 1974 by a group of employees from the Unilever company. Currently, the SACCO offers membership to all interested persons.
The SACCO gives loans up to three times the member’s investment. The loans are charged an interest of 1% per month on a reducing balance. The loan periods in this SACCO do not exceed six years.
7. Hazina SACCO
This SACCO focuses on county government employees, National government employees, government organization employees, as well as those in the private sector.
The SACCO was founded in 1971 and has grown to become a deposit-taking SACCO society with a membership of over 15,000.
The SACCO offers loans up to 3.5 times the member’s savings. The interest charged is 1% per month on a reducing balance. The loan period is extendable to 72 months.
8. Imarika SACCO
Imarika SACCO was started in 1974 by employees of the Teacher Service Commission in Kilifi. During its registration, Imarika SACCO had only 100 members. The SACCO has grown over time, and currently, it has over 37,000 members.
Members of Imarika SACCO can access loans up to two times their savings at a 12.5% monthly interest. The allowed repayment period for loans from Imarika SACCO is five years.
9. Wanandege SACCO
This SACCO was started in 1977 for Kenya’s airline and aviation staff. Currently, the Sacco has two branches, one in Nairobi and the other in Mombasa.
The SACCO is open to all members from both the aviation industry and other non-related companies. Members of the SACCO can access loans up to three times their savings. The loan period does not exceed four years, and interest of 1% per month with a reducing balance is charged.
10. Harambee SACCO
Harambee SACCO was started in 1970 by low-income earners and subordinate staff at the office of the president. Today, the SACCO commands an asset base of over Ksh.19 billion with a membership of over 80,000.
The SACCO membership is open to all. Although one has to qualify through the membership policy before being declared a member, members of the SACCO can access loans up to three times their savings for a period not exceeding four years.
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