Everyone wants to find the best SACCOs in Kenya, but with the mushrooming of SACCOS in Kenya today, it is very easy to fall victim to scams masquerading as investment SACCOS.
SASRA is in charge of regulating savings and credit cooperative organizations (SACCO). The Sacco And Societies Regulatory Authority (SASRA) is a governmental organization in Kenya that is in charge of overseeing SACCO activities.
As a result, the first step in determining whether a SACCO is worth your investment is to see the list of SASRA registered SACCOs in Kenya.
But how do you go about selecting the Best Saccos in Kenya today? This article discusses a reasonable investment SACCO feature as well as a list of the top 10 SACCOs in Kenya.
Best Saccos in Kenya to Invest In
1. Unaitas Sacco
Unaitas SACCO was founded in 1993 as Muramati, cooperative society in Murang’ a County. It has spread throughout the country over the years. Unaitas SACCO is now a deposit-taking SACCO.
Unaitas SACCO is well-known for business investments and is well-liked by small-scale investors. This SACCO makes loans to members of up to three times their savings. Loan terms can be extended to 72 months with repayment interests ranging from 1% to 1.5% per month with a decreasing balance.
2. Kenya Police Sacco
The Kenya Police SACCO, founded in 1972 to serve those who worked in the Kenya Police Force, is another best Sacco in Kenya 2021. The SACCO is currently open to all Kenyans and has over 52,000 members.
Members are offered loans that are three times their investment. The Kenya Police SACCO has a slightly higher loan interest rate, and loans take 48 months to complete. However, this SACCO is well-known for providing excellent investor services.
The Kenya Police SACCO headquarters are in Nairobi’s Ngara neighborhood.
3. Stima SACCO
Stima SACCO is well-known for its real estate investments. The SACCO was founded in 1974 and has grown tremendously since then. The SACCO currently has five branches across the country.
This SACCO provides loans up to twice the amount of the member’s savings. With a decreasing balance, the loan’s interest rate can be as low as 1% per month. Loan terms can be extended for up to 60 months.
Nairobi, Mombasa, Kisumu, Eldoret, and Olkaria have Stima SACCO branches. It is regarded as one of Kenya’s top-performing SACCOs.