SACCOs, or Savings and Credit Cooperative Organizations, are famous financial institutions in Kenya.
These cooperatives allow members to pool their resources and access various financial services, including savings accounts, loans, and insurance.
Below are some of the best SACCOs in Kenya based on factors such as stability, growth, and member satisfaction.
Kenya Police SACCO
One of the best SACCOs in Kenya is the Kenya Police SACCO Society Limited. Founded in 1984, this SACCO serves the needs of active and retired police officers and their families.
With over 80,000 members, the Kenya Police SACCO has a strong track record of stability and growth.
The SACCO offers various financial services, including savings accounts, loans, and insurance.
Members also have access to various benefits, such as travel and education loans, funeral cover, and medical cover.
Kenya Post Office Savings Bank(Postbank)
Another top SACCO in Kenya is the Kenya Post Office Savings Bank (Postbank). This SACCO is one of the largest in the country, serving over 2 million members.
Postbank's long history of serving the Kenyan people was established in 1911. The SACCO offers various financial services, including savings accounts, loans, and insurance.
Members can also access benefits such as a mobile banking platform, Western Union money transfer services and foreign currency accounts.
Kenya Teachers Sacco Society Limited (KTSSL)
The Kenya Teachers Sacco Society Limited (KTSSL) is also a top SACCO in Kenya. Founded in 1965, the SACCO serves the needs of teachers, university staff and their families.
With over 110,000 members, the KTSSL has a strong track record of stability and growth. The SACCO offers various financial services, including savings accounts, loans, and insurance.
Members can also access benefits such as a bursary scheme for their children and a funeral cover scheme.
Kenya Power and Lighting Company Sacco Society Limited(KPLCS)
The Kenya Power and Lighting Company Sacco Society Limited (KPLCS) is also a top SACCO in Kenya.
Founded in 1999, the SACCO serves the needs of the Kenya Power and Lighting Company employees and their families.
With over 20,000 members, the KPLCS has a strong track record of stability and growth. The SACCO offers various financial services, including savings accounts, loans, and insurance.
Members also have access to benefits such as funeral and medical cover schemes.
Kenya Medical Practitioners and Dentists Union Sacco Society Limited(KMPDUSL)
Finally, the Kenya Medical Practitioners and Dentists Union Sacco Society Limited (KMPDUSL) is a top SACCO in Kenya.
Founded in 2002, the SACCO serves the needs of doctors and dentists in Kenya and their families.
With over 10,000 members, the KMPDUSL has a strong track record of stability and growth. The SACCO offers various financial services, including savings accounts, loans, and insurance.
Members also have access to benefits such as funeral and medical cover schemes.
Conclusion
SACCOs are a vital part of the financial landscape in Kenya, providing a wide range of financial services to their members.
The SACCOs mentioned above are among the best in the country and are known for their stability, growth, and member satisfaction.
They also offer various benefits tailored to their members' specific needs, such as travel and education loans, funeral cover and medical cover.
