List of Best SACCOs in Kenya Paying Dividends as High as 20%.
Kenyans are increasingly confident in Savings and Credit Co-operative Societies (SACCOs), drawn by the promise of substantial returns. Savings in SACCOs rose by 9.95% in 2024, reaching KSh 682.19 billion, up from KSh 620.45 billion in 2023. This growth reflects heightened trust among members, spurred by robust governance and transparent management.
The SACCO Annual Supervisory Report 2023 revealed that Kenya now boasts 357 SACCOs regulated by the SACCO Society Regulatory Authority (SASRA). This marked a significant expansion, showcasing the sector’s growing importance in the country’s economic framework.
Co-operative and MSME Development Cabinet Secretary Wycliffe Oparanya emphasized SACCOs’ pivotal role in economic growth. Speaking during the release of the SACCO Annual Supervisory Report in September 2024, he highlighted their potential to transform Kenya’s financial landscape.
He stressed that strengthening SACCO governance and equipping them with adequate tools could unlock their full potential as drivers of economic and social development. His remarks underscored the sector’s achievements as evidenced by the latest annual general meetings (AGMs).
January 2025 brought good news for members of Kenya’s top deposit-taking (DT) SACCOs. Societies such as Tower SACCO and Ports SACCO disbursed dividends of up to 20%, setting a benchmark for financial returns. This impressive performance is tied to strategic investments and prudent financial management by these SACCOs.
Members continue to reap substantial benefits from SACCO savings. With some DT SACCOs offering dividends as high as 20%, the financial outlook for participants is promising. To sustain this growth, experts advocate for continued investment in governance structures and capacity-building initiatives.
Which SACCOs Have Paid Kenyans Dividends Up to 20%?
As of January 25, 2025, various top-tier Savings and Credit Cooperative Organizations (SACCOs) in Kenya have declared impressive dividends on share capital and interest on member deposits for the financial year 2024.
These SACCOs showcased remarkable growth in assets and payouts, cementing their role as key drivers of financial empowerment. Below is an overview of the SACCOs that have rewarded their members generously.
SACCO Dividend and Interest Payouts
The following SACCOs reported strong financial performance and high returns to their members:
| SACCO Name | Dividend on Share Capital | Interest on Deposits | Total Assets (KSh Billion) |
|---|---|---|---|
| Tower SACCO | 20% | 13% | 28 |
| Ports SACCO | 20% | 12.5% | 10.5 |
| Ollin SACCO | 17.5% | 12.2% | 11.7 |
| Winas SACCO | 16.5% | 12.5% | 14.4 |
| Cosmopolitan SACCO | 16% | 12.04% | 11.7 |
| Solution SACCO | 15% | 10.5% | Not Disclosed |
| Mentor SACCO | 15% | 12.5% | 15 |
| Univision SACCO | 14.5% | 12% | Not Disclosed |
Top SACCO Performers
Tower SACCO
Based in Nyandarua, Tower SACCO experienced a significant rise in assets, growing from KSh 23 billion in 2023 to over KSh 28 billion in 2024. The SACCO distributed dividends on share capital at 20% and interest on member deposits at 13%, making it one of the highest-paying SACCOs in Kenya.
Ports SACCO
Previously known as Mombasa Port SACCO, Ports SACCO’s assets grew to KSh 10.5 billion. Members received dividends of 20% on share capital and 12.5% on deposits.
Ollin SACCO
With assets surpassing KSh 11.7 billion, Ollin SACCO provided dividends at 17.5% on share capital and interest of 12.2% on deposits. Loans and advances reached KSh 8.9 billion.
Emerging SACCOs Offering Competitive Rates
Winas SACCO
This SACCO achieved asset growth to KSh 14.4 billion and rewarded members with 16.5% dividends on share capital and 12.5% on deposits.
Cosmopolitan SACCO
Cosmopolitan SACCO credited its asset growth to its expanding loan book, which reached KSh 8.9 billion. Dividends were paid at 16%, while deposits earned interest of 12.04%.
Other Notable Mentions
- Solution SACCO: Based in Meru, Solution SACCO rewarded members with 15% dividends and 10.5% interest on deposits.
- Mentor SACCO: Asset growth exceeded KSh 15 billion, with payouts of 15% dividends and 12.5% deposit interest.
- Univision SACCO: Offered dividends at 14.5% and deposit interest at 12%.
Insights into SACCO Performance
The performance of SACCOs in Kenya has been strong, with entities such as Stima SACCO and Mwalimu National setting benchmarks. In 2023, Stima SACCO paid 15% dividends, while Mwalimu National disbursed 10%. The average minimum monthly contribution for SACCO members stands at KSh 1,000.
Read Also: Dominic Orina: Kenyan Teacher Transforming Lives and Nominated for KSh 129m Global Prize
Recommendations for Growth
The Sacco Societies Regulatory Authority (SASRA) advised smaller SACCOs to consider mergers or amalgamations to optimize economies of scale and improve competitiveness.
Additionally, top-tier SACCOs like Stima SACCO and Mwalimu National collectively disbursed loans amounting to KSh 40 billion, underlining their financial muscle.
One SACCO official stated, “Our consistent growth in dividends and asset base demonstrates our commitment to member satisfaction and financial empowerment.” Another added, “With strategic initiatives, we aim to maintain our position as leaders in Kenya’s cooperative sector.”
This financial year reflects the resilience and innovation of SACCOs in driving economic growth and member prosperity.
List of Best SACCOs in Kenya Paying Dividends as High as 20%
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