Despite a challenging economic landscape in the financial year 2024, Kenya’s Savings and Credit Cooperative Societies (Saccos) remained a fortress for investment. Annual reports from the Sacco Societies Regulatory Authority (SASRA) confirmed a trend that has investors smiling all the way to the bank: Saccos continued to outperform traditional banks in paying high interest on deposits and dividends on shares.
According to the 2024 FinAccess Survey, Saccos have emerged as the leading financial choice for many Kenyans, boasting a monthly usage rate of 74.9% compared to 58.7% for traditional banks. With Saccos recording stellar growth in assets, loan portfolios, and revenue, members are reaping the benefits of high return on investment.
Why Payouts May Change in 2026
The Cabinet Secretary for Cooperatives and MSMEs, Hon. Wycliffe Oparanya, issued strict directives aimed at curbing “unhealthy competition” and ensuring the long-term stability of Saccos.
CS Oparanya noted that some Saccos have been engaging in risky financial practices—specifically borrowing money externally to pay out high dividends—to appear more attractive than competitors.
Moving forward, a Sacco will not be allowed to declare dividends unless:
- Genuine Surplus: The payout must come from actual operational profits, not creative accounting.
- Capital Adequacy: The Sacco must meet all capital thresholds required by the regulator.
- Statutory Reserves: Full provisions for statutory reserves must be made before any member gets paid.
The era of Saccos declaring unrealistic dividends to outshine rivals is ending.
2025 Sacco Performance List: Ranked by Dividend Payout
List of Sacco returns for the financial year 2024.
| Sacco Name | Dividend on Shares (Equity) | Interest on Deposits (Rebates) | Key Highlights |
| Tower Sacco | 20% | 13% | Total payout over Ksh 2.4bn. |
| Ports Sacco | 20% | 12.5% | Consistent high performer. |
| Magadi Sacco | 20% | 12% | |
| Nation DT Sacco | 20% | 11% | |
| Yetu Sacco | 19% | 13% | Payout increased to Ksh 443m. |
| Nyati Sacco | 19% | 11.35% | Ksh 832.5m total returns. |
| Ndege Chai Sacco | 18.5% | 10% | Now a Tier 1 Sacco (Assets >5bn). |
| Unison Sacco | 18% | 12.6% | Based in Laikipia. |
| Mafanikio Sacco | 18% | N/A | High standard for member returns. |
| OLLIN Sacco | 17.5% | 12.2% | Stellar growth recorded. |
| Hazina Sacco | 17% | 10.85% | |
| IG Sacco | 17% | N/A | Competitive payout. |
| Kewisco Non-WDT | 17% | 9.7% | Revenue grew by 18%. |
| Winas Sacco | 16.5% | 12.5% | |
| Cosmopolitan Sacco | 16% | 12.04% | Loan portfolio hit Ksh 8.9bn. |
| Stima Sacco | 16% | N/A | Solid dividend on shares. |
| Kenya Highlands | 15% | 13.5% | Highest Interest on Deposits. |
| Mentor Sacco | 15% | 12.5% | Revenue grew 17.9%. |
| Trans Nation Sacco | 15% | 12.5% | Over Ksh 1bn in total returns. |
| Imarika Sacco | 15% | 10% | Revenue reached Ksh 2.27bn. |
| Capital Sacco | 15% | 9% | Based in Meru. |
| Harambee Sacco | 15% | N/A | Commendable rate. |
| Univision DT Sacco | 14.5% | 12% | Payout over Ksh 872m. |
| Newfortis Sacco | 14% | 13% | Distributed over Ksh 993m. |
| Imarisha Sacco | 14.09% | 11.07% | |
| Jamii Sacco | 14% | N/A | |
| Golden Pillar Sacco | 12% | 8.5% | Revenue growth of 21.1%. |
| Tabasamu Sacco | 10% | N/A |
