Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Kenya moves one place higher in the latest global ranking The country remains Africa’s only representative among the leading 15 Kenyan Saccos continue to post strong assets, lending and membership figures Kenya’s Savings and Credit Cooperatives (Saccos) have climbed to 13th globally and first in Africa, a new international report shows. Kenya stands alone as…
Kenya’s biggest Saccos continue to expand their balance sheets Lending and deposit mobilisation remain key drivers of Sacco growth The latest industry data reveals shifting fortunes among leading institutions SASRA’s Sacco Supervision Annual Report, 2025 has ranked Kenya’s 10 largest Saccos by total assets, deposits, loans and income. Kenya had 357 regulated Saccos in operation…
Thousands of Sacco members were affected by delayed remittance of payroll deductions County governments and assemblies accounted for the largest share of unremitted funds The delays come as regulated Saccos continue expanding their assets and digital services More than 104,000 members of Savings and Credit Co-operative Societies (Saccos) were caught in delayed remittances in 2025…
Regulated Saccos continued to expand their financial footprint in 2026 Members borrowed billions for housing, education and agricultural activities Digital services are widening access as Saccos face challenges over unremitted deductions Kenya’s regulated Saccos grew total assets to Ksh1.278 trillion by August 31, 2026, underscoring their growing role in financial inclusion. The regulated Sacco sector…
Sacco sector assets rise to Ksh1.25 trillion Deposits and loans continue to expand Stronger reserves boost the sector’s capital base Kenya’s regulated Saccos closed the second quarter of 2026 with total assets of Ksh1.25 trillion, a 12.64% rise from June 2025, according to the latest report by the SACCO Societies Regulatory Authority (SASRA). The growth,…
IG Sacco assets rose 12% to Ksh16.4 billion, earning it three national Ushirika Day Awards. Loans grew 14.8% to Ksh14.1 billion, while membership increased to 29,430. The Sacco maintained zero external borrowing and a 3.1% non-performing loan ratio. Invest and Grow (IG) Sacco Society Limited’s total assets have grown to Ksh16.404 billion, up from Ksh14.644…
Ksh950 billion of Sacco assets already lent to members Saccos say Ksh1.2 trillion assets are not idle cash Sector clarifies loans account for nearly 80 per cent of Sacco assets Kenya’s Sacco sector has clarified that its Ksh1.2 trillion asset base does not represent cash held in bank accounts, noting that nearly 80 per cent…
According to data from the Sacco Societies Regulatory Authority (SASRA), the SACCO industry closed 2024 with gross loans valued at KSh 845.11 billion, marking an 11.41 per cent increase from KSh 758.57 billion a year earlier. Despite the rapid credit expansion, the sector’s non‑performing loan (NPL) ratio remained steady at 8.39 per cent, according to…
By Jackson Okoth Government-based Deposit Taking-Saccos control majority of both total assets and total deposits in the Sacco sub sector. These financial co-operatives, which derive the bulk of their membership from Ministries, State agencies, Corporations and County Governments, controlled 37.67 per cent of the industry’s entire balance sheet of Sh 495.25 billion as at the…
