The Sacco Societies Regulatory Authority (SASRA) has given the nod to more savings and credit cooperative organizations (SACCOs) to operate in Kenya, signaling continued growth in the country’s cooperative financial sector.
According to Kenya Gazette Notice No. 15383 published on October 24, 2025, SASRA authorized additional SACCOs to engage in both deposit-taking and specified non-deposit-taking business for the 2025 financial year.
Under the notice, three SACCOs were granted licenses to operate deposit-taking businesses.
- Kumikumbu Sacco Society Limited, based at the National Museum Headquarters in Nairobi
- Setyon Sacco Society Limited, located in Kericho
Non-Withdrawable Deposit-Taking SACCOs
SASRA also approved three new non-withdrawable deposit-taking SACCOs:
- Kenfam Non-WDT Sacco Society Ltd
- Urban Roads Regulated Non-WDT Sacco Society Ltd
- ACK Imani Fellowship Non-WDT Sacco Society Ltd, allowing them to operate under the Non-Deposit-Taking Business Regulations of 2020.
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SASRA cautioned the public against engaging with unlicensed entities claiming to offer SACCO services, warning that only duly licensed organizations are permitted to conduct deposit-taking or non-deposit-taking business.
“Any person or entity transacting with an unlicensed SACCO does so at his or her own risk,” the notice stated.
The regulator also directed all licensed SACCOs to prominently display their original licenses at their registered head offices and to ensure compliance with prudential standards.
Performance of SACCOS
According to the latest annual report from the Sacco Societies Regulatory Authority (SASRA), the sector, a key pillar of Kenya’s financial ecosystem, saw its asset base expand by 10.72% in 2024 to Ksh1.076 trillion.
Gross loans issued increased to Ksh845.11 billion from Ksh758.57 billion in 2023, while deposits and savings rose by nearly 10% to reach Ksh749.43 billion.
Membership also grew by 7.94% to 7.39 million, a sign of rising public trust in SACCOs as reliable financial institutions.
| Rank | SACCO Name | Total Assets (Ksh) |
| 1 | Mwalimu National | 68.89 billion |
| 2 | Stima | 66.51 billion |
| 3 | Kenya National Police | 59.83 billion |
| 4 | Harambee | 38.70 billion |
| 5 | Tower | 28.04 billion |
| 6 | Unaitas | 26.12 billion |
| 7 | Imarisha | 24.58 billion |
| 8 | Afya | 22.79 billion |
| 9 | United Nations | 19.15 billion |
| 10 | Hazina | 16.87 billion |
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Growth of SACCOs in Kenya
Capital reserves increased by 17.55% to stand at Ksh197.54 billion, enhancing the sector’s capacity to support member loans without relying heavily on external funding.
Cabinet Secretary for Co-operatives and MSMEs Development, Wycliffe Oparanya, directed the SACCOs not to borrow from external sources.
This measure aims to enhance accountability and protect members’ savings.
“No SACCO shall be allowed to borrow from external sources to pay dividends, and henceforth any SACCO intending to procure an external loan must obtain written approval from the Commissioner, subject to compliance with the prescribed ratios,” Oparanya said.
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![Richest Saccos In Kenya According To Sasra [List]](https://thekenyatimescdn-ese7d3e7ghdnbfa9.z01.azurefd.net/prodimages/uploads/2024/09/Untitled-design-2024-09-11T141632.579.png "Govt Licenses More Saccos To Allow Kenyans Save Money")
