Saccos remain a lucrative investment avenue, with the Sacco Societies Regulatory Authority (SASRA) Supervision Annual Report 2022 revealing that the Sacco industry’s total income continues to grow. Saccos’ total income significantly increased by 11.13% from Ksh108.59 billion in 2021 to Ksh129.68 billion in 2022. The net income after tax also surged by 79.14% to Ksh20.21 billion, boosted by income from loans, which accounted for 86.39% of total revenue.
According to SASRA, Saccos members received Ksh49.14 billion as interest paid on their deposits, which accounted for 40.72% of the total income, an increase from Ksh43.61 billion in 2021. This suggests that Saccos are attractive destinations for savings and deposits.
The DT-Saccos segment recorded a total income of Ksh106.50 billion, while the NWDT-Saccos registered Ksh14.18 billion.
Discover the top 30 most profitable Saccos in Kenya. Here is the list of the country’s most profitable Savings and Credit Co-operative Societies according to the SASRA Sacco Supervision Annual Report 2022.
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