Best Saccos to Invest in Kenya


SACCOs are better than banks when it comes to investments. In Kenya, you have to carefully select a Sacco you wish to invest in to avoid being conned, they best Saccos are not necessarily the most popular but those with excellent customer services and innovative investment projects.

How do you exactly know that a Sacco is good? Well, one of the factors to look at is whether the projects they have undertaken are complete. For instance, a Sacco may start constructing homes for their members, if those homes are not complete within a stipulated time, then it means the Sacco is not ideal for new members. Another important factor is how they treat their members. If the customer support is good and members are happy, that’s a good Sacco. You should also look at the capital base. If a Sacco is not stable, don’t join them—you might sink together.

Below is a list of best Saccos to join in Kenya:

  1. Stima Sacco

Stima Sacco was started by Kenya Power employees but later opened gates for all Kenyans interested in joining them.

One can join as an individual, as a group or as an institution.

To join Stima Sacco,you are required to have the following:

  • Complete Membership Application Form (click here to download)
  • Attach copy of Kenyan National Identity Card or Valid Kenyan Passport
  • Attach coloured passport size photograph..
  • Copy of KRA PIN Number
Category Registration (Kshs)* Minimum Monthly Alpha Deposits Contribution(Kshs) Share Capital
Individual 500 1,000 25,000
Joint 500 1,000 25,000
Group 500 5,000 50,000


One of the benefits of joining the Sacco is that you will be taking loans 4 times your shares. In addition, there are various housing and land investment projects that the Sacco undertake which directly benefit members.

Stima Sacco website link:

  1. Kuscco

Kuscco is the same as Stima Sacco but was incorporated several decades ago.It’s one of the best managed Saccos in Kenya.Majority of members are government employees who mostly invest in shares to take loans.

If there’s a Sacco that won’t collapse,it’s Kuscco.

Kuscco contacts

Kilimanjaro Avenue, Off Mara Road

Address:KUSCCO Centre, Upper Hill,

28403 – 00200, Nairobi

Phone:(020) 2730191, 2722927

Fax:(020) 2721274

Mobile: 0722 206 331, 0734 699 974

Kuscco website:

  1. Kenya Police Sacco

Kenya Police Sacco is ideal for the police and other employees in the security sector. This is one Sacco that has helped the police to be more proactive in life by heavily investing in real estate.

The salary of police officers is not decent enough but when Kenya Police Sacco is involved, the loans provided offer opportunities for members to build homes and purchase land with ease.

Kenya Police Sacco website:

  1. Safaricom Sacco

Safaricom Sacco was started by Safaricom employees but later other members of the society joined them. One thing I love about them is that they know how to invest.A couple of years ago, there is land they purchased for their members cheaply, the land costed Ksh300,000 for each member. Right now, land in that place goes for Ksh1.5 million.

If you want to live in a gated community or the best places in Nairobi, join Safaricom Sacco.

How to join Safaricom Sacco/What is needed:

Download the membership application form from Safaricom Sacco website, attach your passport photo, copy of ID and a copy of KRA pin certificate. You will also need to be introduced by a Member of the Sacco.

The registration fee is Ksh 1,000 and minimum deposit Ksh3,000.

Safaricom Sacco website:

  1. Unaitas Sacco

Unaitas Sacco has grown to become one of the leading Saccos in terms of membership base.The Sacco is in the process of becoming a bank,which means that the share price will rise significantly.

Unaitas has a wide range of investment projects,which include malls,rental property and land.The company’s loan facility is also among the most appealing.

Documents required when joining:

  • Identification document
  • Certified copy of ID or Passport
  • Passport photograph to be taken at the branch
  • Certified copy of Utility Bill/Tenancy agreement

Unaitas Sacco website:

  1. Mhasibu Sacco

Mhasibu Sacco is affiliated to Kasneb and ICPAK.It’s the best Sacco for accountants,finance managers and investment experts.If you belong to these groups,join Mhasibu over other Saccos.

The best thing is that members of Mhasibu have similar interests,meaning that even securing a loan facility would not be challenging.

he following persons are eligible to join the Sacco;

  1. Members of ICPAK and employees of practicing accountants
  2. A registered ICPAK member with non-practicing certificate
  3. Fully qualified accountants who are not members of ICPAK
  4. Employees of institutions that offer accountancy training
  5. Members of ICSK and their employees
  6. Spouses and children of Mhasibu members
  7. Students pursuing finance and accountancy degrees and certifications
  8. Accountants in training with recognized examination bodies like KASNEB, ACCA
  9. Members of a professional body

Who Is A Member?

One will enjoy the rights and privileges of membership, which includes loans and interest on deposit and right to participate in members activities Upon:

  1. Paying a registration, fee of KES 1000,
  2. Minimum monthly contribution of KES 1,600
  3. Minimum share capital contribution of KES 10,000

Mhasibu Sacco website:

  1. Hazina Sacco

Hazina Sacco attracts members of government institutions, county employees and private organizations. It’s the best Sacco for people working in similar government organization.

It’s important to join a Sacco where you know a couple of members so that when you want a loan, there will be people to guarantee you.

Hazina Sacco Membership


The following persons, institutions or groups are eligible for membership:

  1. National Government ministries and parastatals
  2. County employees
  3. Private sector
  4. Organized groups e.g. youth groups, women groups etc
  5. Immediate family of an existing member
  6. Chamas and Corporates

Principles guiding our business:

The society membership shall continue to be guided by the following co-operative principles:

  1. Voluntary and open membership
  2. Democratic member control additional principle
  3. Economic participation by the members
  4. Autonomy and independence
  5. Education, training and information
  6. Co-operation among co-operatives and
  7. Concern for community in general

Membership Application :

Application for membership is on a prescribed application form which should be filled and forwarded to the Office for consideration. Members whose applications are successful are sent an acknowledgement and deduction effected in the Payroll immediately. Employers are required to introduce their employees who wish to join the SACCO and commit themselves to deduct and remit all the Societys dues through the Check-off System.

Entrance Fee and Monthly Contributions

Each applicant shall pay a one-off entrance fee of Kshs 1000/= as prescribed in the Sacco By-laws,  which is non refundable. In the event that share contribution are received before the entrance fee, the same shall be deducted from the shares so received. Every member shall be required to make a minimum deposit contribution of Ksh. 1,000 /= per month or 5% of basic salary whichever is higher.

Website link:

  1. Kimisitu Sacco

Kimisitu Sacco is ideal for NGO employees,employees of embassies and those in private organizations.Even diaspora members are allowed to join the Sacco.


Kimisitu membership is open to the following organizations:-
1. Non Governmental Organizations
2. International Organizations
3. Embassies and Missions
4. Other reputable organizations

An organization interested in joining Kimisitu has to fill a pre-membership form and attach their prospectus. The management committee meets every month to review and approve the applications.

Members fill membership form whose entrance fee is Kshs 1000/- and qualify for a loan after contributing for six months. The minimum share contribution is Kshs. 3,000 per month.

Open Membership Recruitment Within the Common Bond

Individuals who are not from a member organization/ on a check off system can now join Kimisitu.

Requirements for open membership

  • Dully filled membership form
  • Attach ID/Passport
  • Attach Copy of KRA Pin Certificate
  • Copy of employment contract or letter from Human Resource
  • 2 Certified copies of latest payslip
  • Joining fee of Ksh 1,000 and Share capital of Ksh. 30,000 by year 2020
  • Minimum monthly contribution of Ksh.3,000

Diaspora Membership

The diaspora recruitment is now open to all members who have a proof of being in the diaspora and are able to make regular contribution.

Requirements for Diaspora membership

  • Dully filled membership form
  • Attach ID/Passport
  • Attach Copy of KRA Pin Certificate
  • Passport size photograph
  • Know your Customer(KYC)-To be introduced by an existing member
  • Joining fee of Ksh 1,000 and Share capital of Ksh. 30,000 by year 2020
  • Minimum monthly contribution of Ksh.3,000

Website link:

Kimisitu Sacco is well known for buying land, subdividing and selling it cheaply to members.

  1. UN Sacco

UN Sacco draws members from United Nations and its affiliates.It’s among the best managed Saccos in Kenya.

Website link:

  1. Mwalimu Sacco

Mwalimu Sacco is for primary,secondary and tertiary teachers who are employed by the government.It’s one of the oldest Saccos in Kenya.Almost every government teacher is a member of Mwalimu Sacco.