When joining Saccos in Kenya one must ensure that they save and invest with the best sacco where their money will be safe from fraudsters.
The main aim of many Saccos is to bring people with the same financial and social backgrounds together. Saccos in the country provide their clients with many savings and investment opportunities.
Over the years, Saccos have become dominant among the micro-financing societies that spearhead investment and savings in Kenya.
Determining the best Saccos in Kenya can vary based on different factors like loan offerings, financial stability, membership benefits, interest rates, and customer service.
Some of the best Saccos in Kenya are recognized due to their reputation and strong financial performance. They include;
- Stima SACCO
Stima SACCO was set up in 1974 and has its headquarters in Stima Sacco Plaza, Mushembi Road, Parklands. The current CEO is Gamaliel Hassan Alukwe Anyanzwa.
It is famous in the country due to its competitive interest rates on savings and loans, especially for members in the energy sector.
A person looking for the best Sacco dividends should consider joining Stima SACCO.
Stima SACCO has over 177,000 registered members. It is open to all resident and non-resident Kenyans globally. It has 9 branches across the country.
The SACCO admits eligible groups, individuals, or corporations for membership in the Society after they fulfill the membership opening requirements.
For inquiry, contact the SACCO through;
Call: +254 703 024 000
Message: +254 703 024 001
Email: customercare@stima-sacco.com
diasporabanking@stima-sacco.com.
- Mwalimu National SACCO
Mwalimu National Savings and Credit Co-operative Societ Limited was founded and registered on 24th October 1974. It is headed by its chairman Joel Gachari and CEO Kenneth Odhiambo.
It is the largest Sacco by assets in Africa and seventh in the world with an asset base of over Sh 64 billion. It has a membership of over 120,000 people. It has over 18 branches countrywide.
Mwalimu SACCO is known for its wide range of financial products, solid track record, and service in the education sector. It aims at ensuring that teachers get all financial needs are catered for under one roof.
Other than teachers, the SACCO accommodates all salaried employees from other sectors, individuals on a quasi-banking stature, and employees working on a contract of over 3 years.
Its products include BOSA loan products, welfare loans, FOSA products, and business loans.
For more information contact SACCO through;
Contact number: +254 709 898 000
Email: mwalimu@mwalimunational.coop
- Imarika SACCO
Imarika SACCO was registered on 14th September 1974 in Kilifi District with about 100 members. Its chairman is Mathew Ruto. It aims at ensuring that members grow within their means, with stability, and security.
Since its registration, the SACCO has gained over 140,000 members. It is a financially stable SACCO with an asset base of over Sh.18 billion. Its share capital is at Sh. 1.67 billion.
It is known for its focus on serving the public transport sector and its efficient service provision.
Its products include development, smart, karibu, ufanisi, emergency, imarika vijana, and MSCA loans.
For any inquiry contact the SACCO through;
Contact number: +254 726 007 037
- Harambee SACCO
Harambee SACCO was set up by some small-income earners in 1970 but has grown into a multi-billion institution with over 80851 members.
It has an asset base of about Sh. 20 billion and is among the one-tier Saccos. It is one of the oldest Saccos in Kenya with a variety of financial services.
It is the most feted amongst the top Saccos in the country. It accommodates members from parastatals, police, and national and county governments.
Its products include BOSA, FOSA, jisaidie loans, development loans, emergency loans, and school fees loans. One of the reasons why Kenyans prefer this SACCO is that it has multiple savings accounts that suit their needs.
For inquiry contact the SACCO;
Contact number: +254 709 943 000
Email: info@harambeesacco.com
- Kenya Police SACCO
Kenya Police SACCO was established in 1972. It started with 690 members and has now attracted over 72,000 members.
It is specifically for members of the police force and has a large membership base.
Its main aim is to provide affordable, reliable, diversified, and accessible financial services and products to members.
It has a wide range of financial products and services including loans with repayment periods of up to 84 months, instant mobile banking loans, ATM services, Savings accounts and so much more
Members with savings in the SACCO earn an interest rate of 4% per year.
For inquiry contact the SACCO;
Contact number: 0709 825 000
Email: info@policesacco.com
Conclusion
When classifying the best Saccos in Kenya, one should consider various factors including their member-focused approach, reliability, and competitive rates.
One needs to research and compare different Saccos and choose the one that suits their specific needs and preferences before investing.
