Best Saccos in Kenya [Top 2022 Picks]

If you are shopping around for the best saccos in Kenya, these top 2022 picks should set you on the right direction.

Open list
0 submissions already

Joining the best Saccos in Kenya 2022 is one of the best financial decisions you can make. This is because Sacco offers its members access to affordable credit, which you can use for various purposes such as business expansion, home improvement, and so on.

However, with the many SACCOs in Kenya, it can be quite overwhelming to choose one that best suits your needs. That’s why we’ve created this list of the best SACCOs in Kenya to help you made the right decision.

Let’s start with the basics

What Is a Sacco?

SACCO stands for Savings and Credit Cooperative Society.

It is a financial cooperative or savings and credit society that is owned and controlled by its members. It is a savings and credit institution that enables its members to save and borrow money at an affordable rate.

Saccos in Kenya are regulated by the Sacco Societies Regulatory Authority (SASRA).

How Does A Sacco Work?

A Sacco works in a very simple way. Members of the Sacco save money with the Sacco, which in turn lends out the money to other members at an affordable rate. The interest charged on loans is used to cover the operating costs of the Sacco and also create a reserve fund.

What Are The Benefits of Joining The Best Saccos in Kenya?

There are many benefits of joining the best Saccos in Kenya. These include:

  • Access to affordable credit
  • Dividends on shares
  • Member discounts on services
  • Preferential loan rates
  • Free life insurance cover
  • Access to other financial services such as mobile banking, ATM cards, etc.

Qualities of the Best Saccos in Kenya

Now that we know what a Sacco is and how it works, let’s look at the qualities of the best Saccos in Kenya.

  • They should be licensed by SASRA
  • They should have a good reputation
  • They should have a strong management team
  • They should have a good financial standing
  • They should have a wide range of products and services
  • They should have a large membership base
  • They should have a good customer service
  • The best Saccos in Kenya should be technologically advanced
  • They should have branches in major towns in Kenya
  • They should have an ATM network

The Best Saccos in Kenya 2022

  1. Unaitas SACCO
  2. Hazina SACCO
  3. Waumini SACCO
  4. Kenya Police SACCO
  5. Stima SACCO
  6. Imarika SACCO.
  7. Harambee SACCO
  8. K-Unity SACCO
  9. Maisha Bora SACCO
  10. Wanandege SACCO
  11. Harambee SACCO

Add your submission

Image Video Audio Text Embed

This field is required

Drop Images Here

or

You don't have javascript enabled. Media upload is not possible.

Get image from URL

Maximum upload file size: 2 MB.

Processing...

This field is required

Drop Video Here

or

You don't have javascript enabled. Media upload is not possible.

e.g.: https://www.youtube.com/watch?v=WwoKkq685Hk

Add

Supported services:

Maximum upload file size: 10 MB.

Processing...

This field is required

Drop Audio Here

or

You don't have javascript enabled. Media upload is not possible.

e.g.: https://soundcloud.com/community/fellowship-wrapup

Add

Supported services:

Maximum upload file size: 5 MB.

Processing...

This field is required

e.g.: https://www.youtube.com/watch?v=WwoKkq685Hk

Supported services:

Processing...

This post was created with our nice and easy submission form. Create your post!

Report

What do you think?

373 points
Upvote Downvote
Newbie

Written by L.K. Nathans

Nathan Laibuch is the Founder and Chief Editor at FleekBook.

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading…

0

Best Gyms in Nairobi [Top 2022 Picks] (Open list) (10 submissions)